Back to Search
8-Unit Townhome-Style Multifamily

149 W Main Lakeland, GA 31635

149 W Main, Lakeland, GA, 31635
$965,000
Pending
For Sale
$965,000
Pending

MULTI_FAMILY - Lakeland, GA

Property Size9,248 SF
Lot Size0.50 Acres
Days on Market95

Property Features for 149 W Main

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
AU
Patio and Porch features
Patio
Interior features
Insulated, Blinds, Ceiling Fan(s)
Appliances
Refrigerator, Electric Range, Microwave, Dishwasher
Standard status
Pending
APN
L04 0085
Size
9,248 SF
Lot size
0.50 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LT 1 BLK 1 HOWELL SD
Tax Annual Amount
6884

Utilities

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

Building Details

Year built
2006
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency THE HERNDON COMPANY
1100 N Patterson St P O BOX 1625, Valdosta, GA
Listed by Jon Bollinger · License #330895
Added: Apr 15 Checked: Jul 18 at 1:06 am
MLS# 153314 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.


Investment Insights

Based on property information with market context.

Signature Condos is a well-maintained 8-unit townhome-style multifamily property built in 2006. The recent upgrade includes a new roof completed in 2025. Each unit features a spacious two-story configuration with 2 bedrooms and 2.5 bathrooms, along with a full kitchen package including a stove, refrigerator, dishwasher, and microwave. Interiors also include a comfortable living area, dedicated laundry room with washer/dryer connections, central heat and air, and private storage space.

The property is located in Lakeland, Georgia at 149 W Main, positioned just minutes from Moody Air Force Base. The asset is currently 100% occupied, with an in-place rent roll totaling $8,390 per month ($100,680 annually), providing immediate operating cash flow.

With the 8-unit townhome-style layout and recent capital improvement, Signature Condos is positioned as a low-maintenance, income-producing rental asset. Listing figures in the provided materials estimate Net Operating Income (NOI) of approximately $70,476 using a 30% operating expense ratio.

Key Highlights

  • 8‑unit townhome‑style multifamily built in 2006
  • All units currently occupied; strong rent roll totals $8,390/month ($100,680/year)
  • Unit mix: four units at $1,100, one at $1,050, and three at $980 per month

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Skin Care Clinic Florist (Bike/Boat/Book/etc) Store Daycare Center Pharmacy

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

FAQs

What type of property is this?
Apartment building - Eight townhome-style units offer 2-bedroom, 2.5-bath layouts with central heat and air and a recent roof upgrade.
Where is this apartment building located?
The property is located at 149 W Main Lakeland, GA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 8‑unit townhome‑style multifamily built in 2006; All units currently occupied; strong rent roll totals $8,390/month ($100,680/year); Unit mix: four units at $1,100, one at $1,050, and three at $980 per month
Contact an agent
More about this property
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