Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    612 Elberta St Fort Valley, GA 31030

    Sponsored
    For Sale
    $899,000

    MULTI_FAMILY - Fort Valley, GA

    Lot size:
    0.34 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 21 at 2:06 pm

    Property Features for 612 Elberta St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    F05A 062
    Parking
    9
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    6
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Elle Mcghee

    Palmer House Properties and Assoc. (404) 876-4901 [email protected]

    Listing agent Elle Mcghee (404) 876-4901

    Listing date Dec 15, 2025

    MLS# 10651368 Listing URL

    Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Multifamily Investment Property

    This is a turnkey six-unit multifamily investment property that is fully leased and cash-flowing. The property features new construction and is professionally managed, delivering immediate cash flow with zero vacancy and minimal maintenance. Each of the six units includes three bedrooms and two bathrooms, providing a total of 18 bedrooms and 12 baths. The units feature modern, high-end finishes, including granite countertops, luxury vinyl plank flooring, and energy-efficient systems. Each unit comes fully furnished with stainless steel appliances. The property has a monthly gross income of $10,980 and an annual income of $131,760, with 100% occupancy and 12-month leases in place. The property is located in a thriving rental corridor with walkable access to schools, shopping centers, and public transportation. The surrounding area is known for its safety, growth, and steady property appreciation. The property is situated on a 0.34-acre lot. This property eliminates the typical multifamily headaches with no rehab or deferred maintenance. It is located at 612 Elberta Street, Fort Valley, GA 31030.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Valley
    County
    Peach
    State
    Georgia
    Longitude
    -83.895632
    Latitude
    32.557666

    Nearby Similar for Sale

    • $375,000
      0.77 Acres

      Turnkey Multifamily Investment Opportunity

      Fully rented quadplex near university with immediate cash flow.
      210 Perry Railroad St, Fort Valley, GA 31030
      View Details
    • $375,000
      0.77 Acres

      Turnkey Investment Property Near University

      Fully rented multifamily property with immediate cash flow near university.
      210 Perry Railroad St, Fort Valley, GA 31030
      View Details
    • $980,000
      0.17 Acres

      New Construction Multifamily Investment Opportunity

      New construction 6-unit multifamily property with high-end finishes in Fort Valley.
      205 Neil St, Fort Valley, GA 31030
      View Details
    • $980,000
      0.52 Acres

      New Multifamily Investment Opportunity

      New construction 6-unit multifamily property with strong income potential.
      614 Elberta St, Fort Valley, GA 31030
      View Details
    • $980,000
      0.52 Acres

      New Multifamily Investment Opportunity

      New construction 6-unit multifamily property with immediate income potential.
      614 Elberta St, Fort Valley, GA 31030
      View Details
    • New
      $299,000
      0.17 Acres

      Turnkey Duplex in Fort Valley

      Modern, fully furnished duplex with immediate income potential in high-demand market.
      104 A&B Ronald Pride Blvd, Fort Valley, GA 31030
      View Details
    • $825,000
      0.30 Acres

      New Construction Multifamily Investment Property

      New construction, fully stabilized, 14-unit multifamily property near university.
      703 Carver Dr, Fort Valley, GA 31030
      View Details
    • $825,000
      0.30 Acres

      New Construction Multifamily Investment

      New construction, fully stabilized, 14-unit multifamily investment property.
      703 Carver Dr, Fort Valley, GA 31030
      View Details
    • $659,000
      0.29 Acres

      New Construction Quadplex: Investor Opportunity

      New four-unit multifamily property with immediate cash flow potential.
      104 Mimosa Dr, Fort Valley, GA 31030
      View Details
    • $150,000
      2,400 SF

      Fort Valley Office Property

      Well-positioned office property with room for expansion and parking.
      403 E Church St, Fort Valley, GA 31032
      View Details
    • $375,000
      6,384 SF

      Commercial Property on Heavily Traveled Road

      6,384 SF commercial property with showroom and warehouse space.
      405 Martin Luther King Jr Dr, Fort Valley, GA 31030
      View Details
    • $460,000
      0.25 Acres

      New Triplex Near Fort Valley

      New construction triplex near Fort Valley State University.
      126 Ronald Pride Blvd, Fort Valley, GA 31030
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully leased, cash-flowing six-unit multifamily property in Fort Valley.
    Where is this apartment building located?
    The property is located at 612 Elberta St Fort Valley, GA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Fully leased 6-unit multifamily property, professionally managed and generating immediate cash flow with zero vacancy.; - Brand-new construction (2025) with modern, high-end finishes including granite countertops and luxury vinyl plank flooring.; - Each unit is fully furnished with stainless steel appliances, offering move-in-ready spaces.
    (678) 600-2702
    Request Owner's contact information
    612 Elberta St Fort Valley, GA 31030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    612 Elberta St
    Fort Valley, GA 31030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    612 Elberta St Fort Valley, GA 31030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elle Mcghee
    Real Estate License ID: 428747
    (678) 600-2702
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.