$225,000
PENDING $50K PRICE DROP

Estimated payment $1,200/month

Total Views 8,394
4 Beds
4 Baths
3,890 Sq Ft
$58 Price per Sq Ft

Highlights

  • Wood Flooring
  • Patio
  • Level Lot
  • Window Unit Cooling System
  • Fenced
  • Heating System Uses Natural Gas

About This Home

Attention Investors with Vision! This is your chance to take a true Midtown classic and transform it into a high-performing asset. Located in the historic & highly desirable St. Elmo's Park, this 6-unit property sits on beautiful tree-lined 18th Ave, just a short walk from Lakebottom Park. The main brick home holds five units, w/ a detached 2BR cottage in the back — giving you six total income-producing doors. There's plenty of parking w/ a rear lot & a half-circle driveway. The property is shaded by mature trees & has historic charm, but it's ready for an investor who isn't afraid to make some short term improvements for long term rewards. These units could benefit from updating & modernizing to achieve top-of-market rents, making this a prime value-add opportunity. Current rents include utilities - Unit A (1BR/1BA) at $850/month, Unit B (1BR/1BA two-story w/ spiral staircase) at $650, Unit C (1BR/1BA) at $850, and Unit E (Studio) at $650. Unit D (Studio) is vacant w/ fresh paint & newly stained floors, previously renting at $650, & the cottage (with new paint, carpet, and its own meter) historically rented at $650. When fully occupied, the property brought in $4,300 per month — w/ clear potential to push rents significantly higher after upgrades. This is not just a passive buy-and-hold; it's a project for an investor who wants to add value, reposition the property, & build serious cash flow. With its unbeatable Midtown location, strong rental demand, & additional income potential from the storage shed & modernizing the interiors, this property is ready to become a true portfolio gem. Schedule your private tour today! Unit D & the Cottage can be shown by appointment, while Units A, B, C, & E may be viewed during Due Diligence. Please do not disturb tenants. Part of an Estate Sale that has cleared Probate, this property does not include Rent Rolls or T12 reports. The previous owner accepted cash payments and managed the property personally well into her 90s.

Listing Agent

Marty Upshaw

Bickerstaff Parham, LLC Brokerage Phone: 7066531400 License #363493 Listed on: 07/26/2025

Bickerstaff Parham, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $185

Year Built

  • Built in 1938

Lot Details

  • 0.29 Acre Lot
  • Fenced
  • Level Lot
  • Back Yard

Home Design

  • 3,890 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Pad
  • Driveway
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 029 023 012

Community Details

Overview

  • 6 Units
  • St. Elmo Park Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$185

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Directions: Heading South On I-185 Take The Manchester Expressway Road Exit (7) And Turn Right Onto Manchester Expressway. Turn L On Woodruff Road. Turn R On Warm Springs R. Turn L On Slade Drive. Turn R On 18th Ave. House Is On The Right. Look For Sign.
  • Prop. Type: Residential Income
  • Property Sub Type: 5 Plus
  • Lot Size Acres: 0.29
  • Ownership: Estate Owned
  • Subdivision Name: St. Elmo Park
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Cabin
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Total Bedrooms: 4
  • Flooring: Carpet, Hardwood
  • Living Area: 3890

Exterior Features

  • Fencing: Fenced
  • Lot Features: Less than 1/2 Acre, Level, Private Backyard
  • Waterfront: No
  • Construction Type: Brick, Frame
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, Parking Pad, On Street, Level Driveway

Utilities

  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Security: None
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: No
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Trash Collection, Water, Other-See Remarks
  • Pets Allowed: No

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Parcel #: 029 023 012

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 3000

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $185 $47,204 $15,160 $32,044
2024 $185 $47,204 $15,160 $32,044
2023 $1,859 $47,204 $15,160 $32,044
2022 $1,566 $38,355 $15,160 $23,195
2021 $1,566 $38,355 $11,368 $26,987
2020 $1,566 $38,355 $11,368 $26,987
2019 $1,571 $38,355 $11,368 $26,987
2018 $1,571 $38,355 $11,368 $26,987
2017 $1,576 $38,355 $11,368 $26,987
2016 $1,361 $33,000 $7,000 $26,000
2015 $1,363 $33,000 $7,000 $26,000
2014 $1,365 $33,000 $7,000 $26,000
2013 -- $33,000 $7,000 $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 Pending -- -- --
10/29/2025 10/29/25 Price Changed $225,000 -18.2% $58 / Sq Ft
09/29/2025 09/29/25 For Sale $275,000 0.0% $71 / Sq Ft
09/27/2025 09/27/25 Pending -- -- --
07/26/2025 07/26/25 For Sale $275,000 -- $71 / Sq Ft
Source: Columbus Board of REALTORS® (GA)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Source: Columbus Board of REALTORS® (GA)

MLS Number: 222463

Columbus Board of REALTORS® (GA)

APN: 029-023-012