8-Unit Townhome-Style
For Sale
$965,000
Pending
149 W Main, Lakeland, GA 31635
MULTI_FAMILY - Lakeland, GA
Property Size9,248 SF
Lot Size0.50 Acres
Days on Market110
Property Features for 149 W Main
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
AU
Patio and Porch features
Patio
Interior features
Insulated, Blinds, Ceiling Fan(s)
Appliances
Refrigerator, Electric Range, Microwave, Dishwasher
Subdivision
10-Lanier County
Standard status
Pending
APN
L04 0085
Size
9,248 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 1 BLK 1 HOWELL SD
Tax Annual Amount
6884
Legal Description
LT 1 BLK 1 HOWELL SD
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Flooring type
Carpet, Vinyl, Tile
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
THE HERNDON COMPANY
(229) 244-1992
Listed By:
Jon Bollinger · License #330895
(229) 269-3687
Added: Apr 15
Changed: Jul 29
Last Checked: Aug 2 at 8:06PM
MLS# 153314
Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Signature Condos is a well-maintained 8-unit townhome-style multifamily property built in 2006. The recent upgrade includes a new roof completed in 2025. Each unit features a spacious two-story configuration with 2 bedrooms and 2.5 bathrooms, along with a full kitchen package including a stove, refrigerator, dishwasher, and microwave. Interiors also include a comfortable living area, dedicated laundry room with washer/dryer connections, central heat and air, and private storage space.
The property is located in Lakeland, Georgia at 149 W Main, positioned just minutes from Moody Air Force Base. The asset is currently 100% occupied, with an in-place rent roll totaling $8,390 per month ($100,680 annually), providing immediate operating cash flow.
With the 8-unit townhome-style layout and recent capital improvement, Signature Condos is positioned as a low-maintenance, income-producing rental asset. Listing figures in the provided materials estimate Net Operating Income (NOI) of approximately $70,476 using a 30% operating expense ratio.
The property is located in Lakeland, Georgia at 149 W Main, positioned just minutes from Moody Air Force Base. The asset is currently 100% occupied, with an in-place rent roll totaling $8,390 per month ($100,680 annually), providing immediate operating cash flow.
With the 8-unit townhome-style layout and recent capital improvement, Signature Condos is positioned as a low-maintenance, income-producing rental asset. Listing figures in the provided materials estimate Net Operating Income (NOI) of approximately $70,476 using a 30% operating expense ratio.
Key Highlights
- 8‑unit townhome‑style multifamily built in 2006
- All units currently occupied; strong rent roll totals $8,390/month ($100,680/year)
- Unit mix: four units at $1,100, one at $1,050, and three at $980 per month
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 31635, GA
6,653
Population
3,133
Households
2.1
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
142.9 sq mi
ZIP Area
47
Density / Sq Mi
$43,815
Median Household Income
$32,753
Median Earnings
$864
Median Rent
$168,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight townhome-style units offer 2-bedroom, 2.5-bath layouts with central heat and air and a recent roof upgrade.
Where is this apartment building located?
The property is located at 149 W Main Lakeland, GA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 8‑unit townhome‑style multifamily built in 2006; All units currently occupied; strong rent roll totals $8,390/month ($100,680/year); Unit mix: four units at $1,100, one at $1,050, and three at $980 per month
