deal image
1110 Farr RdColumbus, GA 31907
Parkway Place
Asset ClassMultifamily
# Units176
176-Units | Columbus, GA
overview of deal

Overview

Franklin Street is pleased to present Parkway Place, a 176-unit multifamily community located in Columbus, Georgia. Constructed in 1989, the property features a mix of one- and two-bedroom floorplans with an average unit size of approximately 832 square feet, offering efficient layouts that appeal to workforce renters seeking convenient access to the area’s major employment centers.

 

Parkway Place benefits from proximity to Fort Benning, one of the largest U.S. Army installations in the country and a primary economic driver for the Columbus region. The installation supports tens of thousands of active-duty personnel, trainees, civilian employees, and military families, generating consistent housing demand throughout the market and providing a stable employment base for the surrounding community.

 

The property also benefits from access to Downtown Columbus, which serves as the city’s cultural and entertainment hub and features a growing mix of restaurants, retail, and attractions such as the National Civil War Naval Museum and the Columbus RiverWalk along the Chattahoochee River. Residents further benefit from strong regional connectivity via nearby Interstate 185, providing convenient access to Interstate 85 and regional markets including Atlanta and Montgomery.

 

Additional nearby amenities include several outdoor recreation destinations such as Primus King Park, South Lumpkin Park, and Battle Park, as well as the National Infantry Museum. Everyday retail needs are supported by a nearby Walmart Supercenter. Collectively, Parkway Place offers investors the opportunity to acquire a well-located multifamily asset supported by strong military-driven economic fundamentals, convenient access to employment centers and retail amenities, and connectivity throughout the broader Columbus market.

Access the Data Room

Unit Mix

Type
Units
Unit SF
Total SF
Market Rent
Rent/SF
1
1 Bed / 1 Bath
7
760 SF
5,320 SF
$775
$1.02
2
1 Bed / 1 Bath - Reno
1
760 SF
760 SF
$865
$1.14
3
2 Bed / 1 Bath
70
795 SF
55,650 SF
$875
$1.10
4
2 Bed / 1 Bath - Reno
26
795 SF
20,670 SF
$875
$1.10
5
2 Bed / 2 Bath
57
890 SF
50,730 SF
$900
$1.01
6
2 Bed / 2 Bath - Reno
15
890 SF
13,350 SF
$900
$1.01
TOTAL
.
176
832 SF
146,480 SF
$881
$1.06
deal gallery image
deal gallery image
deal gallery image
1110 Farr RdColumbus, GA 31907

Atlanta Multifamily Investment Sales Team

deal image

Inquire

Listing provided by LightBox Revere