Renovated Four-Unit
For Sale
$230,000
911 Lamore Street, Columbus, GA 31907
Residential Income, Columbus, GA
Property Size2,519 SF
Lot Size0.61 Acres
Price / SF$91.31
Days on Market142
Property Features for 911 Lamore Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1
Parking features
Driveway
Interior features
Walk-In Closet(s)
Appliances
Dishwasher, Range, Refrigerator
Subdivision
East Edgewood
Lot features
1/2 to 3/4 Acre, Level
Directions
From Macon Road Right On Forest Road , Right Reese Road And Left On Lamore Street
Standard status
Active
APN
086 016 024
Size
2,519 SF
Lot size
0.61 Acres
Utilities
Sewer type
Public Sewer
Heating system
See Remarks (Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1933
Number of units
4
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis · Coldwell Banker Real Estate
(706) 256-1000
Listed By:
Jeanne Martz · License #289010
(706) 587-2188
Added: May 27
Changed: Sep 13
Last Checked: Oct 15 at 4:06AM
MLS# 232073
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 quadplex contains four separate residential units totaling 2,519 square feet. The unit mix includes a two-bedroom, one-bathroom main residence; a lower-level one-bedroom, one-bathroom unit; an upper-level studio; and a one-bedroom, one-bathroom cottage. The main residence and cottage have been renovated. Interior features include walk-in closet space, while appliances include a dishwasher, range, and refrigerator.
The property occupies 0.61 acres at 911 Lamore Street in Columbus, Georgia. Public water and public sewer serve the property, and driveway parking is provided. Built in 1933, the asset is currently occupied across all four units.
The property occupies 0.61 acres at 911 Lamore Street in Columbus, Georgia. Public water and public sewer serve the property, and driveway parking is provided. Built in 1933, the asset is currently occupied across all four units.
Key Highlights
- Four residential units totaling 2,519 square feet
- Unit mix includes a 2‑bedroom home, two 1‑bedroom units, and a studio
- Main residence and cottage have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,208
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,160
$404.2K
Cap Rate 7%
$288,686
$288.7K
Cap Rate 9%
$224,533
$224.5K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$39.3K $15.60/SF
− Vacancy
−$2.6K −$1.01/SF
EGI
$36.7K $14.59/SF
− OpEx
−$16.5K −$6.56/SF
NOI
$20.2K $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%
$404,160
Cap Rate 7%
$288,686
Cap Rate 9%
$224,533
Alternative Uses
Best Use
Multifamily LT 5
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$288.7K
$252.6K – $336.8K
NOI $20,208 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
158
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units include a two-bedroom home, one-bedroom layouts, and a studio.
Where is this quadplex located?
The property is located at 911 Lamore Street Columbus, GA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Four residential units totaling 2,519 square feet; Unit mix includes a 2‑bedroom home, two 1‑bedroom units, and a studio; Main residence and cottage have been renovated
