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829 Olmstead Drive
Hinesville, GA

$550,000 USD

Multifamily For Sale • 1,461 SF

1 Properties View all

Property Details

Property Type Multifamily
Cap Rate 8.98 %
Zoning R

0 Transit Score

7 Walk Score

                
                    Highlights
                
                                Rare investment portfolio consisting of five income-producing properties on 2 acres
                            
                                Sold as one combined portfolio only & Seller is a licensed Georgia Broker and is married to the co-Seller
                            
                                Includes one single-family residence and four duplex buildings
                            
                                100% occupied with strong rental history and stable NOI
                            
                                One acre includes fully approved development plans for a 30-unit apartment community
                            
                                Immediate cash flow with a shovel-ready expansion opportunity

Property Flyers

829 Olmstead Dr Brochure

Financial Summary (Actual)

Net Operating Income: $44,398 USD (2025)

Cap Rate:	8.98 %
Total Expenses:	$20,177 USD

Amenities

24 Hour Access
Air Conditioning
Picnic Area
Heating
Recycling
Trash Pickup - Curbside
Kitchen
Refrigerator
Range
Views
Freezer
Walk-Up
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Savannah/Hilton Head International	59 min	-	39.0 mi

James R Shanken CCIM, CIPS 912-977-4733 Coldwell Banker Southern Coast

829 Olmstead Drive Hinesville, GA