Two-Unit Duplex
For Sale
Contact for pricing
7 Montclair Court, Columbus, GA 31907
Occupied residential units offer an established rental configuration in Columbus.
Property Size1,868 SF
Price / SF$89.40
Days on Market12
Property Features for 7 Montclair Court
General Information
Standard status
Active
Size
1,868 SF
Total Parking Spaces
4
Property subtype
Business for Sale, Land
Zoning
RMF1
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1988
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Kennon, Parker,Duncan & Davis Phenix City
(706) 593-8077
Listed By:
Lamar Fields · License #266466
Source:
Crexi
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 21 at 10:10AM
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 Coldwell Banker Kennon, Parker,Duncan & Davis Phenix City
Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains 1,868 square feet arranged as two separate two-bedroom, one-bathroom units. Both residences are currently occupied, providing an existing rental setup rather than vacant space. The property is located at 7 Montclair Court in Columbus, Georgia, and carries RMF1 zoning.
Key Highlights
- Two‑unit duplex with 1,868 square feet
- Two bedrooms and one bathroom in each unit
- Both units currently occupied
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
$14,986
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
8.97%
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%
$299,720
$299.7K
Cap Rate 7%
$214,086
$214.1K
Cap Rate 9%
$166,511
$166.5K
Market Conditions
NOI Build-Up for 1,868 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
$29.1K $15.60/SF
− Vacancy
−$1.9K −$1.01/SF
EGI
$27.2K $14.59/SF
− OpEx
−$12.3K −$6.56/SF
NOI
$15.0K $8.02/SF
Area
Columbus, GA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$299,720
Cap Rate 7%
$214,086
Cap Rate 9%
$166,511
Alternative Uses
Best Use
Multifamily LT 5
$241.9K
$211.7K – $282.2K
NOI $16,932 @ 7.0% cap · market cap 10.14%
Second Best
Apartment 5plus
$214.1K
$187.3K – $249.8K
NOI $14,986 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$418.0K
$365.7K – $487.6K
NOI $29,258 @ 7.0% cap · market cap 17.52%
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
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied residential units offer an established rental configuration in Columbus.
Where is this duplex located?
The property is located at 7 Montclair Court Columbus, GA.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,868 square feet; Two bedrooms and one bathroom in each unit; Both units currently occupied
