Columbus Multifamily Investment
917 Oakview Avenue, Columbus, GA 31906
- Added:
- Mar 21, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 3 at 12:06 am
Property Features for 917 Oakview Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Fencing
- Privacy, Fenced
- Standard status
- Active
- APN
- 025 001 010
- Size
- 7,214 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 12476
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating), Central, Hot Water(Heating)
- Cooling system
- Wall Unit(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1915
- Flooring type
- Tile, Hardwood, Laminate, Vinyl
- Building materials
- Brick
- Roof type
- Composition
- Additional Structures
- Residence
Listing agent Melissa Brown (706) 412-9420
Listing office Normand Real Estate Po Box 204, Stacey Normand, Columbus, GA (706) 395-5424
Listing date Mar 21, 2026
MLS# 10715263
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime 11‑unit multifamily investment property in the heart of town.
- Strong existing income with massive lease‑up potential.
- Six move‑in‑ready and fully furnished units.
- New roof and extremely low‑maintenance property.
- Each unit has its own water meter and central heat/air.
- Located minutes from downtown Columbus, across from the Columbus Museum, and steps to amenities.
Overview
This is an 11-unit multifamily property featuring all 1-bedroom, 1-bathroom units. The property includes three units currently occupied, providing immediate income. Six units are move-in ready and fully furnished. Two units are fully gutted, presenting an opportunity for renovation. A new roof has been installed. Each unit is equipped with its own water meter and central heat and air. On-site amenities include a courtesy laundromat, a private dumpster, and off-street parking. The property is located minutes from downtown Columbus, directly across from the Columbus Museum, and within walking distance of restaurants, schools, shopping, parks, and major travel routes. This property is suitable for investor portfolios, offering existing income and lease-up potential. The building size is 7214 square feet and the lot size is 0.53 acres.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.97467
- Latitude
- 32.464208
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 11-unit multifamily property with income and renovation potential.
Where is this apartment building located?
The property is located at 917 Oakview Avenue 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: Prime 11‑unit multifamily investment property in the heart of town.; Strong existing income with massive lease‑up potential.; Six move‑in‑ready and **fully furnished units**.
