701 9th Ave, Albany, GA 31701
13-unit multifamily property in Albany, Georgia with value-add potential.
- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 1:50 pm
Property Features for 701 9th Ave
General Information
- Standard status
- Active
- Size
- 5,626 SF
- Property subtype
- Multifamily
Listing office Watson Realty Corp- Clermont
Listing date Mar 2, 2026
Source Crexi
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 Watson Realty Corp- Clermont
HighLights
- Immediate rental income with strong in‑place rental demand
- Value‑add potential through light renovations and rent optimization
- Attractive cap rate compared to similar regional assets
- New metal roof completed in 2024
- Solid brick / low‑maintenance exterior
- Located in the heart of Albany, with proximity to downtown, retail, schools, public transportation, and major employment hubs
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $12.00 |
| − Vacancy | −$4.9k | −$0.86 |
| EGI | $62.7k | $11.14 |
| − OpEx | −$28.2k | −$5.01 |
| NOI | $34.5k | $6.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.16728
- Latitude
- 31.598842
