Residential Income 8-Unit
1303 N Pearl Ave - 8 Home Portfolio, Douglas, GA 31533
New
MULTI_FAMILY - Douglas, GA
Property size:
8,500 SFLot size:
2.05 AcresPrice / SF:
$79/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 2:06 pm
Property Features for 1303 N Pearl Ave - 8 Home Portfolio
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 13
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 11, Bedroom 9, Bathroom 4, Bedroom 12, Bathroom 1, Bedroom 8, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 10, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 13, Bathroom 6, Bedroom 7
- Standard status
- Active
- APN
- Multi - D010 056
- Size
- 8,500 SF
- Lot size
- 2.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Multi - H/L 10 BLK 6 PEARL
- Tax Annual Amount
- 2936
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Building materials
- Metal Siding, Vinyl Siding
- Roof type
- Metal
Listing agent Caleb Ross License #433083 (904) 400-2069
Listing office Canopy Realty Group 2904 N Oak St, Valdosta, GA (229) 630-2400
Listing date Jun 2, 2026
MLS# 153880
Listing URL
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.
HighLights
- 8‑unit residential portfolio in Douglas, GA: six single‑family homes and two mobile homes across multiple streets
- Unit mix includes one 4BR/2BA, two 4BR/1BA, one 3BR/2BA, two 3BR/1BA, one 2BR/2BA, and one 2BR/1BA
- Approximately $67,200 annual gross income; rents average $700/month with market rents averaging about $881/month
- Recent improvements: five new metal roofs; seven of eight units have central heating and central air/AC
- City water and public sewer for all properties; tenants pay their own utilities
- Lease mix: four month‑to‑month and four annual leases; projected 8.73% pro forma cap rate based on market rents
Overview
This offering is an 8-unit residential income portfolio made up of six single-family homes and two mobile homes distributed throughout Douglas, Georgia. The current unit mix includes one 4BR/2BA, two 4BR/1BA, one 3BR/2BA, two 3BR/1BA, one 2BR/2BA, and one 2BR/1BA, providing a range of layouts for tenant demand. Recent improvements include five new metal roofs, and seven of the eight units have central heating and air conditioning. The portfolio is served by city water and sewer, with tenants responsible for their own utilities, which can help support operating expense control.
The properties are located across multiple addresses in Douglas, including N. Pearl Street, Edgewood Avenue, Green Avenue, Poplar Street, North Street, West Baker Highway, and Lacey Avenue. The in-place lease structure includes four month-to-month leases and four annual leases, balancing near-term flexibility with current stability.
With approximately $67,200 in annual gross income, rents currently averaging about $700 per month and market rents supporting an average of about $881 per month, the portfolio offers upside through rent growth. Combined with the recent capital items and a conservative expense outlook, this is a practical value-add opportunity for investors seeking immediate scale and the ability to refine performance over time.
The properties are located across multiple addresses in Douglas, including N. Pearl Street, Edgewood Avenue, Green Avenue, Poplar Street, North Street, West Baker Highway, and Lacey Avenue. The in-place lease structure includes four month-to-month leases and four annual leases, balancing near-term flexibility with current stability.
With approximately $67,200 in annual gross income, rents currently averaging about $700 per month and market rents supporting an average of about $881 per month, the portfolio offers upside through rent growth. Combined with the recent capital items and a conservative expense outlook, this is a practical value-add opportunity for investors seeking immediate scale and the ability to refine performance over time.
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- Douglas
- County
- Coffee
- State
- Georgia
- Longitude
- -82.8476309
- Latitude
- 31.522317
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add 8-unit mix with recent metal roof replacements, most units with central HVAC, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 1303 N Pearl Ave - 8 Home Portfolio Douglas, GA.
What is the asking price?
The asking price for this property is $678,000.
What are key features of this property?
This property features: 8‑unit residential portfolio in Douglas, GA: six single‑family homes and two mobile homes across multiple streets; Unit mix includes one 4BR/2BA, two 4BR/1BA, one 3BR/2BA, two 3BR/1BA, one 2BR/2BA, and one 2BR/1BA; Approximately $67,200 annual gross income; rents average $700/month with market rents averaging about $881/month
