Occupied Duplex with Central
For Sale
$229,000
Pending
6001 Warm Springs Court, Columbus, GA 31909
Residential Income, Columbus, GA
Property Size1,924 SF
Lot Size0.20 Acres
Days on Market65
Property Features for 6001 Warm Springs Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 4, Bathroom 2
Subdivision
Warm Springs Court
Directions
Intersection Of Warm Springs Rd And Miller Rd, Northbound On Warm Springs Rd, Turn Left Onto Warm Springs Ct, Property Will Be On The Left.
Standard status
Pending
APN
082 016 086
Size
1,924 SF
Lot size
0.20 Acres
Amenities
updated appliances
central HVAC
Building Details
Year built
1971
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Kyra Cottle · License #404408
(678) 412-5583
Added: Jun 29
Changed: Aug 27
Last Checked: Sep 1 at 3:06PM
MLS# 231915
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,924 square feet on a 0.2-acre lot and was built in 1971. The property includes two occupied units with long-term leases, updated appliances, and central HVAC serving both residences. Vinyl siding provides the exterior finish.
Located at 6001 Warm Springs Court in Columbus, Georgia, the property carries a 31909 ZIP Code. The unit layouts include four bedrooms and four bathrooms in total, based on the listed room inventory. Walkthroughs are available during due diligence.
Located at 6001 Warm Springs Court in Columbus, Georgia, the property carries a 31909 ZIP Code. The unit layouts include four bedrooms and four bathrooms in total, based on the listed room inventory. Walkthroughs are available during due diligence.
Key Highlights
- Two occupied units with long‑term leases
- 1,924 square feet on a 0.2‑acre lot
- Central HVAC serving the duplex
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
$17,439
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
7.62%
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%
$348,780
$348.8K
Cap Rate 7%
$249,129
$249.1K
Cap Rate 9%
$193,767
$193.8K
Market Conditions
NOI Build-Up for 1,924 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 $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$24.9K $12.95/SF
− OpEx
−$7.5K −$3.88/SF
NOI
$17.4K $9.06/SF
Area
Columbus, GA
Vacancy
6.17%
Lease Rate
$13.80 /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%
$348,780
Cap Rate 7%
$249,129
Cap Rate 9%
$193,767
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$218.0K – $290.7K
NOI $17,439 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$220.5K
$192.9K – $257.3K
NOI $15,435 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,135 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 31909, GA
38,760
Population
17,486
Households
2.2
Avg Household Size
35
Median Age
38%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
2,073
Density / Sq Mi
$69,221
Median Household Income
$44,029
Median Earnings
$1,271
Median Rent
$205,800
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 - Two leased units feature updated appliances and year-round central heating and cooling.
Where is this duplex located?
The property is located at 6001 Warm Springs Court Columbus, GA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two occupied units with long‑term leases; 1,924 square feet on a 0.2‑acre lot; Central HVAC serving the duplex
