Three-Building Quadplex
New
For Sale
$1,299,000
2526/28/ Hilltop Drive, Albany, GA 31707
Residential, Quadplex, Albany, GA
Property Size15,414 SF
Lot Size0.77 Acres
Price / SF$84.27
Days on Market3
Property Features for 2526/28/ Hilltop Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
24
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 13, Bedroom 10, Bathroom 9, Bedroom 1, Bedroom 12, Bathroom 10, Bedroom 5, Bathroom 15, Bedroom 15, Bedroom 3, Bedroom 24, Bathroom 23, Bedroom 11, Bathroom 2, Bedroom 6, Bathroom 20, Bathroom 4, Bathroom 11, Bathroom 21, Bedroom 17, Bedroom 21, Bedroom 20, Bedroom 19, Bedroom 18, Bedroom 4, Bedroom 14, Bathroom 14, Bathroom 17, Bedroom 16, Bathroom 8, Bathroom 18, Bathroom 19, Bedroom 2, Bathroom 7, Bedroom 9, Bathroom 3, Bathroom 22, Bedroom 8, Bathroom 24, Bathroom 1, Bathroom 12, Bedroom 22, Bathroom 13, Bathroom 16, Bathroom 5, Bedroom 23, Bedroom 7, Bathroom 6
Window features
Blinds
Patio and Porch features
Porch
Interior features
Open Floor Plan, Walk-in Closets
Exterior features
Porch Covered
Appliances
Dishwasher, Stove/Oven Electric, Smoke Detector
Subdivision
Hilltop Place
Lot features
Curb & Gutter, Paved Road
Directions
Take Slappey Dr turn on Stewart Dr then Right on Hilltop go to end of the road, units are on your right.
Standard status
Active
APN
000MM/00011/027-028-029
Size
15,414 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Same as recorded in Deed Book 4981, Page 326, Deed Book 4982 Page 41, Deed Book 4981 Page 326, Dougherty County, GA.
Tax Annual Amount
17470
Legal Description
Same as recorded in Deed Book 4981, Page 326, Deed Book 4982 Page 41, Deed Book 4981 Page 326, Dougherty County, GA.
Utilities
Utilities
Cable Available
Building Details
Year built
2005
Floors in Building
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
HardiPlank Type
Roof type
Shingle
Architectural style
Other
Listing Agency:
ERA ALL IN ONE REALTY · ERA Real Estate
(229) 888-6670
Listed By:
Amanda Wiley & Kyla Standring Team · License #309999
(229) 888-6653
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 23 at 10:06AM
MLS# 169985
Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. 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 multifamily offering comprises three quadplex buildings containing 12 total units and 15,414 square feet of property improvements on 0.77 acres. The buildings are positioned beside one another, creating a centralized layout across the property. Each residence includes 2 bedrooms and 2 full bathrooms, with open floor plans and walk-in closets. Covered porches, ceramic tile and vinyl flooring, electric stove/oven appliances, dishwashers, smoke detectors, and shingle roofs are among the documented features. Construction dates to 2005, and the exteriors use HardiPlank Type materials.
The property includes 2526, 2528 and 2530 Hilltop Drive in Albany, Georgia 31707, within Dougherty County. Cable is available, and the site is identified in the Northwest Albany area. The unit buildings remain grouped at one location, supporting a consolidated multifamily configuration.
The property includes 2526, 2528 and 2530 Hilltop Drive in Albany, Georgia 31707, within Dougherty County. Cable is available, and the site is identified in the Northwest Albany area. The unit buildings remain grouped at one location, supporting a consolidated multifamily configuration.
Key Highlights
- Three quadplex buildings with 12 total units
- 15,414 square feet on 0.77 acres
- Each unit offers 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,036,040
$2.0M
Cap Rate 7%
$1,454,314
$1.5M
Cap Rate 9%
$1,131,133
$1.1M
Market Conditions
NOI Build-Up for 15,414 SF
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.
Gross rent
$157.2K $10.20/SF
− Vacancy
−$11.8K −$0.77/SF
EGI
$145.4K $9.44/SF
− OpEx
−$43.6K −$2.83/SF
NOI
$101.8K $6.60/SF
Area
Dougherty County, GA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,036,040
Cap Rate 7%
$1,454,314
Cap Rate 9%
$1,131,133
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.70M
NOI $101,802 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,408 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,343 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 31707, GA
24,623
Population
12,652
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
1,338
Density / Sq Mi
$49,179
Median Household Income
$37,878
Median Earnings
$934
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Twelve-unit multifamily property with centralized buildings and two-bedroom, two-bathroom floor plans.
Where is this quadplex located?
The property is located at 2526/28/ Hilltop Drive Albany, GA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three quadplex buildings with 12 total units; 15,414 square feet on 0.77 acres; Each unit offers 2 bedrooms and 2 full bathrooms
