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416 Tift Avenue, 
Albany, GA 31701

$795,000


Bed


Bath


8,790

Sq Ft


Multi-Family

Active

Listed by

Burton Newcomb

Megalithic Properties,LLC

229-395-0639

Last updated:

September 5, 2026, 03:18 PM

MLS#

169845

Source:

GA SWGBR

About This Home

416 Tift Avenue

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.

Home Facts

Multi-Family

Built in 1947

Price Summary

795,000

$90 per Sq. Ft.

MLS #:

169845

Last Updated:

September 5, 2026, 03:18 PM

Added:

5 day(s) ago


Structure

Structure

Building Area:

8,790 Sq. Ft.

Year Built:

1947


Lot

Lot Size (Sq. Ft):

45,302


Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$90 per Sq. Ft.

Source:GA SWGBR
The information being provided by Southwest Georgia Mls, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Southwest Georgia Mls, Inc. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.