Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Statesboro Multifamily Investment Opportunity Title is generated by Realmo AI

    93 Briarwood Road, Statesboro, GA 30458

    View on Map
    Claim this Listing
    New
    For Sale
    $3,000,000

    MULTI_FAMILY - Statesboro, GA

    Property size:
    17,288 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $173/SF
    Added:
    May 25, 2026
    Days on Market:
    6
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 93 Briarwood Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    ZN34
    Bedrooms
    32
    Bathrooms
    48
    Rooms
    Bathroom 19, Bathroom 15, Bathroom 18, Bedroom 30, Bathroom 35, Bathroom 30, Bedroom 27, Bedroom 9, Bathroom 45, Bathroom 7, Bedroom 7, Bedroom 24, Bathroom 8, Bedroom 12, Bedroom 19, Bedroom 16, Bathroom 3, Bathroom 42, Bedroom 25, Bathroom 32, Bedroom 29, Bedroom 32, Bathroom 24, Bathroom 40, Bedroom 22, Bathroom 10, Bathroom 1, Bathroom 29, Bathroom 26, Bedroom 15, Bathroom 20, Bathroom 16, Bathroom 27, Bathroom 9, Bathroom 39, Bedroom 2, Bathroom 38, Bathroom 48, Bedroom 10, Bathroom 5, Bathroom 25, Bathroom 12, Bedroom 18, Bathroom 23, Bedroom 3, Bathroom 43, Bedroom 20, Bathroom 37, Bedroom 21, Bathroom 11, Bedroom 4, Bathroom 6, Bathroom 36, Bedroom 1, Bedroom 26, Bathroom 14, Bedroom 5, Bedroom 14, Bathroom 2, Bathroom 17, Bedroom 8, Bathroom 41, Bedroom 31, Bathroom 4, Bathroom 34, Bedroom 6, Bathroom 46, Bathroom 33, Bathroom 21, Bathroom 44, Bathroom 22, Bathroom 13, Bathroom 47, Bedroom 13, Bedroom 28, Bedroom 11, Bedroom 23, Bathroom 28, Bathroom 31, Bedroom 17
    Parking
    50
    Security features
    Security Lighting
    Appliances
    Electric Water Heater, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    MS75000017-000
    Size
    17,288 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BLK A LTS 4&5/BRIARWOOD
    Tax Annual Amount
    18464

    Utilities

    Sewer type
    Public Sewer, Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Building materials
    Frame, Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Bob Allen
    Bob Allen

    Listing agent Bob Allen License #269394

    Listing office Greater Athens Properties 575 N Harris Street, Athens, GA

    Listing date May 25, 2026

    MLS# CL356956

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 16 Units of 2‑Year‑New Modern Townhomes
    • Each Unit Features 2 Bedrooms and 2.5 Bathrooms
    • Located in a Growing Rental Market Near Georgia Southern University
    • Low Maintenance Costs
    • Pet‑Friendly Policy expands tenant pool
    • Turnkey Property: Ready for immediate rental income

    Overview

    Located at 93 Briarwood Rd in Statesboro, GA, this multifamily property presents an investment opportunity in a growing rental market. The property features 16 units in modern townhomes constructed two years ago. Each unit includes two bedrooms and two and a half bathrooms. The property benefits from high rental demand due to its proximity to Georgia Southern University and local amenities. The new construction and contemporary finishes suggest minimal maintenance costs and strong rental income potential. The property's pet-friendly policy may expand the tenant pool, increasing occupancy rates. The property contains 17,288 square feet and is situated on a 1.4-acre lot. The zoning is ZN34.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.762515
    Latitude
    32.409557

    Nearby Similar for Sale

    • $1,690,000
      13,836 SF

      Historic Statesboro Inn Opportunity

      Landmark property with hospitality and redevelopment potential in downtown Statesboro.
      106 S Main Street, Statesboro, GA 30458
      View Details
    • $4,700,000
      7,696 SF

      Statesboro Commercial Property Near University

      6-acre commercial property with existing building near Georgia Southern.
      2 Ed Moore Court, Statesboro, GA 30458
      View Details
    • $3,000,000

      Statesboro Multifamily Investment Opportunity

      Newer 16-unit multifamily property near Georgia Southern University.
      93 Briarwood Road, Statesboro, GA 30458
      View Details
    • $1,499,900
      9,000 SF

      Mixed-Use Investment in Statesboro, GA

      Mixed-use property with commercial and residential units in high-demand area.
      1213 Merchant Way, Statesboro, GA 30458
      View Details
    • $229,000
      1,815 SF

      Statesboro Multifamily Duplex Investment Opportunity

      Well-maintained duplex with strong rental income potential in Statesboro.
      315 Brannen Street, Statesboro, GA 30458
      View Details
    • $325,000
      1,694 SF

      Highway Frontage Retail Opportunity

      Retail building with highway frontage and development potential.
      152 E Parrish St, Statesboro, GA 30458
      View Details
    • $275,000

      Statesboro Multi-Family Brick Home

      Built in 2021, leased, brick home near amenities.
      201 Zetterower Road, Statesboro, GA 30458
      View Details
    • $1,900,000
      2,400 SF

      COMMERCIAL - Statesboro, GA

      17187 Highway 67, Statesboro, GA 30458
      View Details
    • $1,200,000
      12,000 SF

      Warehouse with Highway Commercial Zoning

      Warehouse with living suite on 5.38 acres for sale.
      9990 Hwy 67, Statesboro, GA
      View Details
    • $1,499,900
      9,000 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in high-demand area.
      1213 Merchant WAY, Statesboro, GA 30458
      View Details
    • $149,000

      Statesboro Townhome Near Forest Heights

      Two-bedroom townhome in Forest Heights area with community pool.
      15 Woodrum Place, Statesboro, GA 30458
      View Details
    • $14,200,000
      56,560 SF

      Holiday Inn Express For Sale

      Recently renovated hotel in Statesboro, Georgia, near Georgia Southern University.
      427 S Main St, Statesboro, GA 30458
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newer 16-unit multifamily property near Georgia Southern University.
    Where is this apartment building located?
    The property is located at 93 Briarwood Road Statesboro, GA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 16 Units of 2‑Year‑New Modern Townhomes; Each Unit Features 2 Bedrooms and 2.5 Bathrooms; Located in a Growing Rental Market Near Georgia Southern University
    (706) 215-6848
    We can help!
    Listing Contact
    Bob Allen
    Bob Allen
    Real Estate License ID: 269394
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    93 Briarwood Road, Statesboro, GA 30458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!