New Multifamily Asset in
1604 Lankford Drive, Valdosta, GA 31601
MULTI_FAMILY - Valdosta, GA
Property size:
11,730 SFLot size:
0.84 AcresPrice / SF:
$204/SF- Added:
- Apr 14, 2026
- Days on Market:
- 48
- Last Refresh:
- May 31 at 7:06 pm
Property Features for 1604 Lankford Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- MF
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1
- Interior features
- Insulated, Blinds, Ceiling Fan(s)
- Appliances
- Refrigerator, Electric Range, Microwave, Dishwasher, Washer, Dryer
- Standard status
- Active
- APN
- 0084D 107
- Size
- 11,730 SF
- Lot size
- 0.84 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- In listing office
- Tax Annual Amount
- 136
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- Cement Siding
Listing agent John Courson License #342868 (229) 251-4632
Listing office COLDWELL BANKER PREMIER REAL E 1616 Norman Dr Suite E, Valdosta, GA (229) 244-3535
Listing date Apr 14, 2026
MLS# 153297
Listing URL
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.
HighLights
- Newly constructed (2026) 15‑unit multifamily asset in a desirable central Valdosta location.
- Accelerated path to stabilization with 10 of 15 units already occupied or pre‑leased on 12‑month terms.
- Class A‑style living with central HVAC, in‑unit washers and dryers, 9‑foot ceilings, luxury vinyl plank flooring, matching set appliances, and walk‑in closets.
- Projected annual gross income of approximately $233,100 with units pre‑leasing at $1,295 per month.
- Strategically located with strong visibility and immediate access to retail, commercial areas, Interstate 75, Valdosta State University, major employers, healthcare providers, and Moody Air Force Base.
- Individually metered units with tenants direct billed for power, water, and internet.
Overview
The property at 1604 Lankford Drive presents an opportunity to acquire a newly constructed 15-unit multifamily asset in the central Valdosta market. This development offers modern construction and a path to stabilization, with 10 of 15 units already occupied or pre-leased on 12-month terms over May-June-July 2026. The property features fifteen identical one-bedroom, one-bathroom units, each approximately 782 square feet. Units include central HVAC, in-unit washers and dryers, 9-foot ceilings, luxury vinyl plank flooring, matching set appliances, and walk-in closets. Units are pre-leasing at $1,295 per month, generating projected annual gross income of approximately $233,100. Each unit is individually metered, with tenants direct billed by utility provider(s) for power, water and internet while landlord covers trash and lawn care. The property is located just off St. Augustine Road and US Highway 84, with traffic counts of approximately 11,800 vehicles per day on Lankford Drive and 21,600 on St. Augustine Road. The site offers access to Valdosta's primary retail / commercial corridor, Interstate 75 (Exits 16 and 18), Valdosta State University, major employers, healthcare providers, and Moody Air Force Base. Constructed with durable, low-maintenance materials, this asset delivers cash flow with minimal lease-up risk in one of South Georgia's multifamily submarkets. The property size is 11730 square feet and the lot size is 0.8396 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.311544
- Latitude
- 30.835334
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly constructed 15-unit multifamily property in central Valdosta, Georgia.
Where is this apartment building located?
The property is located at 1604 Lankford Drive Valdosta, GA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Newly constructed (2026) 15‑unit multifamily asset in a desirable central Valdosta location.; Accelerated path to stabilization with 10 of 15 units already occupied or pre‑leased on 12‑month terms.; **Class A‑style living** with central HVAC, in‑unit washers and dryers, 9‑foot ceilings, luxury vinyl plank flooring, matching set appliances, and walk‑in closets.
