416 Tift Avenue, Albany, GA 31701
Local realty services provided by:ERA All In One Realty
416 Tift Avenue,Albany, GA 31701
$795,000
- - Beds
- - Baths
- 8,790 sq. ft.
- Multi-family
- Active
Listed by: burton newcomb
Office: megalithic properties,llc
MLS#:169845
Source:GA_SWGBR
Price summary
- Price:$795,000
- Price per sq. ft.:$90.44
About this home
9-Unit Apartment Complex — Historic North Albany Solid concrete construction, three stories over a basement, sitting in the heart of North Albany's historic district — less than a mile from Phoebe Putney Memorial Hospital. This is a true income producer that's already performing and still has room to run. Currently 100% occupied with long-term tenants and generating $5,965 per month in gross rents. Several units sit well below market, so there's immediate upside on turnover or renewal without touching a wall. Every unit features original hardwood floors and appliances less than three years old, and the shared pergola gives residents outdoor space that's hard to find at this price point in the neighborhood. The sale includes the adjacent lot at 422 Tift Ave, giving you room to add units and expand the rent roll on land you already own. The previous owner ran rooms as short-term housing for travel nurses — with Phoebe just up the road, that playbook is still on the table for an owner who wants to push revenue harder than a standard 12-month lease will. Concrete building, hospital-adjacent location, stabilized tenancy, below-market rents, and expansion land in one package. Add it to the portfolio. Property is tenant occupied. Showings by appointment only with proper notice — please do not disturb tenants. Seller is a licensed Georgia real estate agent. Buyer to cooperate with seller's 1031 exchange at no cost to buyer. Call today to schedule a showing....
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Home facts
- Year built:1947
- Listing ID #:169845
- Added:3 day(s) ago
- Updated:September 05, 2026 at 03:18 PM
Rooms and interior
- Living area:8,790 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Year built:1947
- Building area:8,790 sq. ft.
- Lot area:1.04 Acres
- Lot Features:City Road, Paved
- Levels:3 Stories
Utilities
- Water:Albany Utilities
- Sewer:Albany Utilities
Finances and disclosures
- Price:$795,000
- Price per sq. ft.:$90.44
- Tax amount:$7,733 (2025)
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