Duplex with Two-Bay Storage
1020 W Gordon Street, Valdosta, GA 31601
For Sale
New
$239,900
Residential Income, Valdosta, GA
Property Size1,836 SF
Lot Size0.69 Acres
Price / SF$130.66
Days on Market3
Property Features for 1020 W Gordon Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
LINCOLN REALTY COMPANY
(229) 247-4450
Listed By:
Parker Lincoln · License #324728
(229) 251-3767
Added: Nov 5
Last Checked: Nov 7 at 11:06PM
MLS# 155556
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.
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Investment Insights
Based on property information with market context.
This 1,836-square-foot duplex contains two 2-bedroom, 1-bathroom apartments, both currently rented. The building received a new metal roof in April 2025. The 0.69-acre property is zoned R6.
A 30"x25" metal building at the rear has two roll-up bay doors. Beside it, a 20"x25" concrete pad offers space for another building. Public water and sewer serve the property.
A 30"x25" metal building at the rear has two roll-up bay doors. Beside it, a 20"x25" concrete pad offers space for another building. Public water and sewer serve the property.
Key Highlights
- Two rented 2‑bedroom, 1‑bathroom units in an 1,836‑square‑foot duplex
- New metal roof installed in April 2025
- Rear 30"x25" metal building with two roll‑up bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,257
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,140
$245.1K
Cap Rate 7%
$175,100
$175.1K
Cap Rate 9%
$136,189
$136.2K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$18.7K $10.20/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$17.5K $9.54/SF
− OpEx
−$5.3K −$2.86/SF
NOI
$12.3K $6.68/SF
Area
Lowndes County, GA
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,140
Cap Rate 7%
$175,100
Cap Rate 9%
$136,189
Alternative Uses
Best Use
Multifamily LT 5
$175.1K
$153.2K – $204.3K
NOI $12,257 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$157.5K
$137.8K – $183.8K
NOI $11,025 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$278.7K
$243.9K – $325.2K
NOI $19,512 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
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Business Placement
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Valdosta, GA
Properties on Market for Duplexes in Valdosta
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are rented, and a separate metal outbuilding provides additional space on the property.
Where is this duplex located?
The property is located at 1020 W Gordon Street Valdosta, GA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two rented 2‑bedroom, 1‑bathroom units in an 1,836‑square‑foot duplex; New metal roof installed in April 2025; Rear 30"x25" metal building with two roll‑up bay doors
