Apartment Acquisitions · Albany
Sell Your Commercial Property In Albany, GA
Own a commercial apartment building of five or more units in Albany? We purchase multifamily properties around Downtown Albany, Westover, and the rest of Dougherty County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Albany · Westover · Dawson Road corridor · Leesburg — Dougherty County, GA
Market Snapshot
Renter Demand In Albany
Albany, the Dougherty County seat, counts 67,224 residents in ACS 2020-2024 data. Renters hold 62.3% of Albany homes, and median gross rent is $931 a month. Phoebe Putney Memorial Hospital, a 691-bed teaching hospital, anchors local employment. Marine Corps Logistics Base Albany and Albany State University, which enrolled 6,820 students in fall 2025, are also based in Albany. Owners who plan to sell commercial property in Albany, GA face a 50.638-mill tax district for 2025. This profile covers Albany renters, HUD FY2027 rents, Dougherty County taxes and Georgia landlord law.
Phoebe Putney Memorial Hospital
Phoebe Putney is a 691-bed teaching hospital; Phoebe reports more than 4,500 staff across its facilities.Marine Corps Logistics Base Albany
Marine Depot Maintenance Command, based at MCLB Albany in Dougherty County, lists 2,070 civilians and 10 Marines.Albany State University
Albany State University enrolled 6,820 students in fall 2025, per its official Quick Facts report.Our Buy Box
What We Buy In Albany
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Albany Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Albany
Renters occupy 62.3% of Albany homes, or 17,153 of 27,538 households, in ACS 2020-2024 tenure data. Dougherty County as a whole is 54.7% renter. Buildings with 5 or more units hold 14.5% of Albany housing, per ACS table B25024. Some 62.6% of Albany homes were built before 1980, per table B25034.
Rents and affordability in Albany
Median gross rent in Albany is $931 a month, well below the $1,393 Georgia median in ACS 2020-2024. Median household income is $47,240, per table B19013. About 46.5% of Albany renters spend 30% or more of income on rent, per table B25070. Some 27.4% pay half or more.
| Unit size | HUD FY2027 FMR |
|---|---|
| Studio | $953 |
| 1 bedroom | $972 |
| 2 bedrooms | $1,103 |
| 3 bedrooms | $1,482 |
| 4 bedrooms | $1,829 |
These HUD FY2027 fair market rents apply to the Albany, GA MSA.
Property taxes in Dougherty County
Albany parcels carry 50.638 mills for 2025, per the Georgia Department of Revenue millage report. That total is Dougherty County 22.069, school 17.925 and city 10.644 mills. Georgia assesses property at 40% of fair market value, per the DOR property tax FAQ.
A $2,000,000 building is assessed at $800,000, so the yearly bill is $40,510.40, or 2.026% of value. Georgia transfer tax on that price is $2,000 under the DOR transfer tax schedule. Buyers will price both costs when you sell commercial property in Albany, GA.
Landlord rules for Albany
Georgia caps security deposits at two months' rent and requires their return within 30 days, per the DCA Landlord-Tenant Handbook. A landlord must give 3 business days' written notice to pay before filing a dispossessory for unpaid rent.
O.C.G.A. § 44-7-19 bars counties and cities from regulating the amount of rent. Owners who sell commercial real estate in Albany, GA therefore hand buyers rents set by lease, not by ordinance.
What it means for an Albany owner
Albany pairs a 62.3% renter share with an 8.1% rental vacancy rate in ACS table DP04. To sell your apartment building in Albany, start with the cap rate calculator and a current rent roll.
Skyline Capital Investments buys 5+ unit buildings, so you can sell commercial property in Albany, GA without listing. See how to sell my apartment building for the steps.
Local Knowledge
Albany Seller Checklist
More about selling in Georgia →Investing in Albany? See apartment syndications in Albany →
- Inside Albany, Dougherty County, school and city levies totaled 50.638 mills for 2025.
- The Albany two-bedroom HUD FY2027 FMR of $1,103 sits $172 above median rent.
- Owners who sell commercial real estate in Albany, GA can cite 4,775 homes in 5+ unit buildings.
Seller Guides
Selling A Building In Albany
Learn More
Taxes & Rules For Albany Property
The Georgia rules that shape any deal in Albany: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Albany Seller FAQ
What are property taxes on an Albany apartment building?
Georgia assesses property at 40% of fair market value. For 2025, Albany parcels carry 50.638 mills. A $2,000,000 building is assessed at $800,000, giving a yearly bill of $40,510.40. Anyone selling commercial property in Albany should expect buyers to model it.
What should I know before I sell commercial property in Albany, GA?
Georgia transfer tax is $1 for the first $1,000 and 10 cents per additional $100, or $2,000 on a $2,000,000 sale. Security deposits are capped at two months' rent. O.C.G.A. § 44-7-19 bars local rent regulation.
How much rent do Albany apartments get?
Median gross rent in Albany is $931 a month in ACS 2020-2024 data, versus $935 for Dougherty County and $1,393 for Georgia. HUD's FY2027 two-bedroom fair market rent is $1,103. Owners who sell multifamily property in Albany can benchmark against both.
Who are the largest employers near Albany rentals?
Phoebe Putney Memorial Hospital is a 691-bed teaching hospital, and Phoebe reports more than 4,500 staff. Marine Depot Maintenance Command at MCLB Albany lists 2,070 civilians. Albany State University enrolled 6,820 students in fall 2025.
How many renters are there if I sell commercial real estate in Albany, GA?
Albany has 17,153 renter households, 62.3% of 27,538 occupied homes, in ACS 2020-2024 data. That beats the 34.3% Georgia renter share. Rental vacancy is 8.1%, per ACS table DP04, and 62.6% of homes predate 1980.
Do I need to fix up my Albany building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Dougherty County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Albany without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Albany?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Albany
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
