#216773, Listing Office: HomeSmart
485 Mellon St Columbus, GA 31903
Property details
About 485 Mellon St
Investors, seize this exceptional opportunity to add a prime duplex to your portfolio! This well-maintained property features two fully remodeled 1-bedroom, 1-bath units, perfect for generating consistent rental income. Each unit has been updated with fresh interior and exterior paint. Recent renovations include the removal of a dilapidated enclosed porch and tree removal, providing a clean, inviting exterior. Significant upgrades have been made to ensure long-term durability and efficiency. The building showcases new fascia, soffit, and trim, along with a brand new 25-year architectural shingle roof and stylish new front doors. Inside, modern LVP flooring, two newly added kitchenettes—each equipped with sinks—make these units highly functional for tenants. The bathrooms have been tastefully updated with new vanities, plumbing, and fixtures. Additional improvements include brand new electric hot water heaters with protective pans, ensuring peace of mind for you and your tenants. The front fence has been repaired, adding to the property's overall appeal and security. Every unit has been fitted with new fixtures and upgraded electrical outlets, including GFCIs for safety compliance. Financially, this duplex is a standout investment. Each unit can generate approximately $800 per month, yielding a total income of $1,600. When factoring in management fees, vacancies, property taxes, insurance, and maintenance costs, the estimated cap rate stands around 11%. This impressive cash flow potential makes it a smart addition to any real estate portfolio. Constructed of all block, this building is built to last, requiring no immediate updates or repairs. With its strategic location and strong rental demand, this duplex promises to be a reliable source of income for years to come. Don't miss out on this opportunity to secure a soun
Highlights
Summary
- MLS Number: 216609
- MLS Name: ColumbusGA
- Office Name: Coldwell Banker / Kennon, Parker, Duncan & Davis
- Office Phone: (706) 256-1000
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of The Columbus Board of Realtors. Detailed information on Real estate listings held by firms other than this broker includes the Listing Brokers Firm Name. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$105,000
485 Mellon St
$1,247
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 12, 2024 | Home Sold | $12,000 |
Aug 12, 2024 | Home Sold | $24,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $19,716 | $776 |
2022 | $15,388 | $5,528 |
2021 | $14,076 | $4,574 |
2020 | $14,076 | $574 |
2019 | $14,076 | $576 |
2018 | $14,076 | $1,588 |
History based on county public records data.
Nearby schools
2
Brewer Elementary School
Public District PK-5
0.4 mi
•2951 Martin Luther King Jr Blvd
2
Martin Luther King Jr. Elementary School
Public District KG-5
0.4 mi
•350 30th Ave
2
Davis Elementary School
Public District PK-5
1.0 mi
•1822 Shepherd Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,857. Residents of Columbus, GA typically earn less than $<35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 485 Mellon St
This home is located at 485 Mellon St in Columbus, GA and zip code 31903. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 5, 2024 and is currently priced at $105,000.
Columbus, GA housing market in February 2025 saw over 28 listings sold above listed price, more than 43 sold at listed price and over 74 sold below. The number of listings in Columbus, GA increased by 10.6% between January and February 2025. In February 2025, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $215,866.