Small Multifamily Portfolio with Renovated
For Sale
$850,000
108 Lata Terrace, Milledgeville, GA 31061
MULTI_FAMILY - Other - Milledgeville, GA
Property Size5,666 SF
Lot Size1.43 Acres
Price / SF$150.02
Days on Market57
Property Features for 108 Lata Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 14, Bedroom 3, Bedroom 11, Bedroom 7, Bedroom 13, Bedroom 10, Bedroom 15, Bathroom 1, Bedroom 9, Bathroom 6, Bedroom 6, Bedroom 12, Bedroom 2, Bathroom 5, Bedroom 8, Bedroom 4, Bedroom 1, Bathroom 7
Parking features
Parking Lot, Off Street, Garage
Patio and Porch features
Deck, Porch
Exterior features
Deck
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
Lot features
Sloped
Directions
From US-129 S / US-441 S heading straight into Milledgeville, enter Milledgeville via North Columbia Street (the main commercial corridor), then turn right onto Garrett Way (just before Zaxby's), 2nd street on left is Lata Terrace.
Standard status
Active
APN
M55 028
Size
5,666 SF
Lot size
1.43 Acres
Taxes and HOA fees
Tax Description
Book 1613 Page 229
Legal Description
Book 1613 Page 229
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Zoned, Electric (Heating), Central
Cooling system
Zoned, Central Air, Electric, Wall Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
7
Flooring type
Tile, Vinyl, Hardwood
Building materials
Concrete, Vinyl Siding, Wood Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Grayson Realty
(706) 769-6659
Listed By:
Richard Grayson · License #60289
(706) 540-4727
Added: Jun 10
Changed: Jul 31
Last Checked: Aug 5 at 2:06PM
MLS# CL357906
Copyright © 2026 Hive MLS. 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 small multifamily residential portfolio totals seven rental units across five buildings on a single parcel. The improvements include two duplexes and three single-family homes. The duplexes each provide two 2-bedroom, 1-bathroom units, and the single-family residences include two 2-bedroom, 1-bathroom homes and one 3-bedroom, 1-bathroom home. Exterior amenities include decks and porches. Interior systems include electric and zoned heating options, central air and wall units for cooling, and a metal roof. Parking is provided with a parking lot, off-street spaces, and garages. Flooring types include tile, vinyl, and hardwood.
The portfolio is identified administratively as 110 Lata Terrace in Baldwin County Tax Assessor records, while the USPS recognizes 108 Lata Terrace; the distinction is described as administrative and does not impact operation of the rental portfolio. Utilities include cable available, and services include public water and public sewer.
A comprehensive renovation program was completed in 2025 across the portfolio, including updated kitchens and bathrooms, new appliances, modern flooring and fresh interior finishes, along with extensive exterior upgrades. The portfolio is currently fully leased, with a significant portion of the tenancy secured through long-term lease agreements extending into 2027.
The portfolio is identified administratively as 110 Lata Terrace in Baldwin County Tax Assessor records, while the USPS recognizes 108 Lata Terrace; the distinction is described as administrative and does not impact operation of the rental portfolio. Utilities include cable available, and services include public water and public sewer.
A comprehensive renovation program was completed in 2025 across the portfolio, including updated kitchens and bathrooms, new appliances, modern flooring and fresh interior finishes, along with extensive exterior upgrades. The portfolio is currently fully leased, with a significant portion of the tenancy secured through long-term lease agreements extending into 2027.
Key Highlights
- Seven rental units across five buildings on a single parcel
- Two duplexes plus three single‑family homes; unit mix includes 2BR/1BA and one 3BR/1BA
- 2025 comprehensive renovation included updated kitchens and bathrooms, new appliances, and exterior upgrades
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 31061, GA
42,450
Population
19,323
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
272.9 sq mi
ZIP Area
156
Density / Sq Mi
$55,371
Median Household Income
$35,797
Median Earnings
$864
Median Rent
$167,700
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 - Small multifamily portfolio on a single parcel with deck and porch features, fully leased, and renovated in 2025.
Where is this apartment building located?
The property is located at 108 Lata Terrace Milledgeville, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Seven rental units across five buildings on a single parcel; Two duplexes plus three single‑family homes; unit mix includes 2BR/1BA and one 3BR/1BA; 2025 comprehensive renovation included updated kitchens and bathrooms, new appliances, and exterior upgrades
