8-Unit Apartment
For Sale
$475,000
2000 Oak St, Valdosta, GA 31605
Residential Income, Valdosta, GA
Property Size2,846 SF
Lot Size0.41 Acres
Price / SF$166.90
Days on Market218
Property Features for 2000 Oak St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Parking features
Carport, Driveway
Interior features
Insulated, Fireplace, Ceiling Fan(s)
Fireplace
1
Appliances
Refrigerator, Electric Range
Subdivision
1-N of Baytree Rd to W Oak St (City Limits)
Standard status
Active
APN
0113D 059
Size
2,846 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2000 N Oak St
Tax Annual Amount
1
Legal Description
2000 N Oak St
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood flooring
refrigerator
stove
washer and dryer
Building Details
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Garner Realty Group LLC
(229) 686-1931
Listed By:
Darlene Garner · License #249694
(229) 356-0630
Added: Jan 31
Changed: Sep 3
Last Checked: Sep 6 at 5:06PM
MLS# 148519
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.
This multifamily property contains 8 units, each configured with 1 bedroom and 1 bathroom. The interiors feature hardwood flooring, refrigerators, electric ranges, ceiling fans, and fireplaces. Residents share access to on-site laundry equipment, while driveway and carport parking support daily use. The building has wood siding, a shingle roof, public water, and public sewer service.
Central heating and central air conditioning serve the property. The roof is described as newer, and the central HVAC system is approximately 7 years old. Located in Valdosta, Georgia, the property occupies 0.41 acres and includes 2,846 square feet. Zoning is C, and the asset is positioned as an income-producing multifamily property.
Central heating and central air conditioning serve the property. The roof is described as newer, and the central HVAC system is approximately 7 years old. Located in Valdosta, Georgia, the property occupies 0.41 acres and includes 2,846 square feet. Zoning is C, and the asset is positioned as an income-producing multifamily property.
Key Highlights
- 8 units with 1‑bedroom, 1‑bathroom layouts
- 2,846 square feet on 0.41 acres
- Hardwood flooring throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,800
$341.8K
Cap Rate 7%
$244,143
$244.1K
Cap Rate 9%
$189,889
$189.9K
Market Conditions
NOI Build-Up for 2,846 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.1K $11.64/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$31.1K $10.92/SF
− OpEx
−$14.0K −$4.91/SF
NOI
$17.1K $6.01/SF
Area
Lowndes County, GA
Vacancy
6.20%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,800
Cap Rate 7%
$244,143
Cap Rate 9%
$189,889
Alternative Uses
Best Use
Apartment 5plus
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 31605, GA
23,682
Population
9,642
Households
2.5
Avg Household Size
32
Median Age
35%
College-Educated
95%
High-School Grad
48.8 sq mi
ZIP Area
485
Density / Sq Mi
$73,991
Median Household Income
$42,359
Median Earnings
$1,230
Median Rent
$211,900
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 rental residences offer hardwood floors, appliances, and shared laundry within a compact multifamily property.
Where is this apartment building located?
The property is located at 2000 Oak St Valdosta, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 8 units with 1‑bedroom, 1‑bathroom layouts; 2,846 square feet on 0.41 acres; Hardwood flooring throughout the units
