Occupied Two-Unit
For Sale
$240,000
Pending
5923-5921 Peco Ln, Austell, GA 30106
Fully occupied duplex with two single-level residences, separate utility metering, and off-street parking.
Property Size1,200 SF
Days on Market22
Property Features for 5923-5921 Peco Ln
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,315
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Town & Country
(678) 520-9292
Listed By:
Bruce Ailion · License #104826
(678) 520-9292
Source:
Exprealty
Added: Jul 20
Changed: Aug 7
Last Checked: Aug 9 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Town & Country
Investment Insights
Based on property information with market context.
This 1,200-square-foot duplex in Austell, Cobb County, contains two single-level units of approximately 600 square feet each. Both residences offer one bedroom and one bathroom. One unit includes a fenced yard with side access, while the property provides off-street parking for 4+ cars. The building is fully occupied, with tenants in place for 4 and 8 years who wish to remain.
Gas and power are separately metered. Water, sewer, and trash pickup are covered by the landlord through the City of Austell. Property updates and equipment include water heaters installed in 2013 and 2022, AC condensers from 2013 and 2023, and a roof that is 15 years old. The property has no HOA.
Gas and power are separately metered. Water, sewer, and trash pickup are covered by the landlord through the City of Austell. Property updates and equipment include water heaters installed in 2013 and 2022, AC condensers from 2013 and 2023, and a roof that is 15 years old. The property has no HOA.
Key Highlights
- Fully occupied 1,200‑square‑foot duplex in Austell, Cobb County
- Two single‑level units, each with 1 bed, 1 bath, and approximately 600 sq ft
- Tenants have been in place for 4 and 8 years and wish to remain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,720
$348.7K
Cap Rate 7%
$249,086
$249.1K
Cap Rate 9%
$193,733
$193.7K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.6K $22.20/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$24.9K $20.76/SF
− OpEx
−$7.5K −$6.23/SF
NOI
$17.4K $14.53/SF
Area
Cobb County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,720
Cap Rate 7%
$249,086
Cap Rate 9%
$193,733
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$218.0K – $290.6K
NOI $17,436 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 30106, GA
24,020
Population
9,576
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
1,906
Density / Sq Mi
$65,715
Median Household Income
$38,602
Median Earnings
$1,425
Median Rent
$254,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two single-level residences, separate utility metering, and off-street parking.
Where is this duplex located?
The property is located at 5923-5921 Peco Ln Austell, GA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Fully occupied 1,200‑square‑foot duplex in Austell, Cobb County; Two single‑level units, each with 1 bed, 1 bath, and approximately 600 sq ft; Tenants have been in place for 4 and 8 years and wish to remain
