Well-Maintained 11-Unit Apartment
917 Oakview Avenue Unit 1 2 5 Columbus, GA 31906
917 Oakview Avenue Unit 1 2 5, Columbus, GA, 31906
$650,000
For Sale
$650,000
11 well-maintained units with individual water meters, central heat/air, and off-street parking.
Property Size7,214 SF
Price / SF$90.10
Days on Market144
Property Features for 917 Oakview Avenue Unit 1 2 5
General Information
- Standard status
- Active
- Size
- 7,214 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1915
Listing agency
(706) 412-9420
Listed by
Normand Real Estate
(706) 412-9420
Source
Xome
Added: Feb 28 Updated: Jul 21 at 2:38PM Checked: Jul 21 at 2:38PM
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 Normand Real Estate
Investment Insights
Based on property information with market context.
This is a very well maintained 11-unit multifamily property featuring all one-bedroom, one-bath units. The building includes three units currently occupied for immediate cash flow, six move-in-ready units that are described as fully furnished, and two units that are fully gutted and ready for quick renovation. Additional improvements cited include a new roof. Each unit is separately metered with its own water meter and is equipped with central heat/air.
The property also includes an on-site courtesy laundromat and a private dumpster service, along with plenty of off-street parking. Located at 917 Oakview Avenue Unit 1, 2, 5 in Columbus, GA, the building is minutes from downtown Columbus and is directly across from the Columbus Museum, with restaurants, schools, shopping, parks, and major travel routes within steps.
From a layout and unit-status standpoint, the mix of occupied, move-in-ready, and gutted units provides a straightforward framework for a new owner to manage current income while completing renovations on the remaining units.
The property also includes an on-site courtesy laundromat and a private dumpster service, along with plenty of off-street parking. Located at 917 Oakview Avenue Unit 1, 2, 5 in Columbus, GA, the building is minutes from downtown Columbus and is directly across from the Columbus Museum, with restaurants, schools, shopping, parks, and major travel routes within steps.
From a layout and unit-status standpoint, the mix of occupied, move-in-ready, and gutted units provides a straightforward framework for a new owner to manage current income while completing renovations on the remaining units.
Key Highlights
- 11‑unit multifamily built in 1915, all 1BR/1BA units
- Each unit has its own water meter and central heat/air
- Three units currently occupied; six move‑in‑ready and fully furnished; two units fully gutted for renovation
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 | $112.5k | $15.60 |
| − Vacancy | −$7.3k | −$1.01 |
| EGI | $105.2k | $14.59 |
| − OpEx | −$47.4k | −$6.56 |
| NOI | $57.9k | $8.02 |
7,214 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$826.8K
$723.4K – $964.6K
NOI $57,873 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 11 well-maintained units with individual water meters, central heat/air, and off-street parking.
Where is this apartment building located?
The property is located at 917 Oakview Avenue Unit 1 2 5 Columbus, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 11‑unit multifamily built in 1915, all 1BR/1BA units; Each unit has its own water meter and central heat/air; Three units currently occupied; six move‑in‑ready and fully furnished; two units fully gutted for renovation
