Two-Unit
For Sale
$139,000
Pending
716 Palmetto Ave, Columbus, GA 31906
Each residence offers two bedrooms and one bathroom within a straightforward duplex configuration.
Property Size1,480 SF
Days on Market116
Property Features for 716 Palmetto Ave
General Information
Standard status
Pending
Size
1,480 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
1st Class Real Estate Excellence
(706) 237-8680
Listed By:
Anthony Smith · License #264418
(706) 681-8651
Source:
Exprealty
Added: Jun 22
Changed: Oct 5
Last Checked: Oct 15 at 1:59AM
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 1st Class Real Estate Excellence
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each unit offering two bedrooms and one bathroom. The property provides 1,480 square feet of total space and is configured for separate household living within one building.
Located at 716 Palmetto Ave in Columbus, GA, the property offers a defined residential address in the local market. Its two-unit layout supports a range of housing arrangements while maintaining a compact building footprint.
Located at 716 Palmetto Ave in Columbus, GA, the property offers a defined residential address in the local market. Its two-unit layout supports a range of housing arrangements while maintaining a compact building footprint.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 2 bedrooms and 1 bathroom
- 1,480 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,873
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,460
$237.5K
Cap Rate 7%
$169,614
$169.6K
Cap Rate 9%
$131,922
$131.9K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$23.1K $15.60/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$21.6K $14.59/SF
− OpEx
−$9.7K −$6.56/SF
NOI
$11.9K $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 Rate 5%
$237,460
Cap Rate 7%
$169,614
Cap Rate 9%
$131,922
Alternative Uses
Best Use
Multifamily LT 5
$191.6K
$167.7K – $223.6K
NOI $13,415 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$169.6K
$148.4K – $197.9K
NOI $11,873 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$331.2K
$289.8K – $386.4K
NOI $23,181 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 31906, GA
21,835
Population
11,046
Households
2
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
3,164
Density / Sq Mi
$41,913
Median Household Income
$35,820
Median Earnings
$872
Median Rent
$170,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence offers two bedrooms and one bathroom within a straightforward duplex configuration.
Where is this duplex located?
The property is located at 716 Palmetto Ave Columbus, GA.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 2 bedrooms and 1 bathroom; 1,480 square feet of total property size
