Duplex-Style Multifamily with Flex
1115 Slater St Valdosta, GA 31602
New
For Sale
$259,900
MULTI_FAMILY - Valdosta, GA
Property Size1,976 SF
Lot Size0.23 Acres
Price / SF$131.53
Days on Market3
Property Features for 1115 Slater St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-P
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Driveway
Window features
Wood Frames
Interior features
Ceiling Fan(s)
Appliances
Refrigerator
Standard status
Active
APN
0116C 019
Size
1,976 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lt 1 Blk C Ashley Terrace
Tax Annual Amount
2341
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Flooring type
Hardwood, Tile
Building materials
Wood Siding
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Samuel Straka · License #406171
(229) 561-9938
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 10:06AM
MLS# 154523
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 well-maintained duplex-style multifamily property is currently being used as a real estate office, with potential to convert back to residential use. The layout includes 8 potential bedrooms, 2 full bathrooms, 1 half bathroom, and 1 kitchen. There are 4 separate entrances, and the property can be subdivided in several ways to create additional flexibility for rental or office configurations. Updates include a new fence and new HVAC.
The property is located in Valdosta, GA and is positioned with flexible R-P zoning bordering VSU campus. It is within walking distance of the VSU campus and amenities.
With its multiple entry points and configurable interior setup, the property supports adaptable use depending on how space is divided.
The property is located in Valdosta, GA and is positioned with flexible R-P zoning bordering VSU campus. It is within walking distance of the VSU campus and amenities.
With its multiple entry points and configurable interior setup, the property supports adaptable use depending on how space is divided.
Key Highlights
- Flexible R‑P zoning bordering VSU campus; currently used as a real estate office with potential to convert back to duplex residential use
- 8 potential bedrooms plus 2 full baths and 1 half bath, with 1 kitchen
- 4 separate entrances and subdividable layout for multiple rental configuration options
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $13.20 |
| − Vacancy | −$5.7k | −$2.90 |
| EGI | $20.3k | $10.30 |
| − OpEx | −$5.1k | −$2.57 |
| NOI | $15.3k | $7.72 |
1,976 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$218.0K
$190.7K – $254.3K
NOI $15,259 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,192 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$300.0K
$262.5K – $350.0K
NOI $20,999 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex-style property with flexible R-P zoning, 4 separate entrances, and recent HVAC and fencing.
Where is this duplex located?
The property is located at 1115 Slater St Valdosta, GA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Flexible R‑P zoning bordering VSU campus; currently used as a real estate office with potential to convert back to duplex residential use; 8 potential bedrooms plus 2 full baths and 1 half bath, with 1 kitchen; 4 separate entrances and subdividable layout for multiple rental configuration options
