This 17-unit multifamily property offers an opportunity to acquire a recently renovated asset at a discount to its stabilized value while the property completes its lease-up phase. The units were extensively renovated in 2024/2025 and feature desirable two-bedroom, one-bath floor plans with approximately 700 square feet each. Current asking rents are $795 per month, with additional tenant reimbursements for water and trash providing supplemental income. The property offers investors the potential for increased cash flow and value as occupancy approaches stabilized levels.
For sale
$975,000
423 Mellon St, Columbus, GA 31903
--beds
--baths
11,900sqft
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
Two-bedroom one-bath floor plans
- 1 day
- 97
- 8
Zillow last checked:
Listing updated:
Listed by:
Blake Carter 706-566-2916,
Coldwell Banker / Kennon, Parker, Duncan & Davis,
Carson Cummings 706-289-2468,
Coldwell Banker / Kennon, Parker, Duncan & Davis
Source: CBORGA,MLS#: 234567
Facts & features
Interior
Heating
- Electric
Cooling
- Other-See Remarks
Features
- Flooring: Vinyl
- Basement: None
Interior area
- Total structure area: 11,900
- Total interior livable area: 11,900 sqft
Property
Parking
- Total spaces: 17
Lot
- Size: 0.81 Acres
- Topography: Level
Details
- Parcel number: 048 002 024
- Zoning: RMF-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- 63 Years
- New construction: No
- Year built: 1963
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
Community & HOA
Community
- Security: None
Location
- Region: Columbus
Financial & listing details
- Price per square foot: $82/sqft
- Date on market: 10/5/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $975,000$82/sqft |
Source:  CBORGA #234567 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 31903
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