1616-18 E Park Ave Valdosta, GA 31602
MULTI_FAMILY - Valdosta, GA
Property Features for 1616-18 E Park Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-6
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 5
- Parking features
- Driveway, Carport
- Interior features
- Ceiling Fan(s)
- Exterior features
- Handicap Access
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 0153C 022
- Size
- 3,283 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- in listing office
- Tax Annual Amount
- 1672
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Building materials
- Brick Veneer
Listing agent Autumn Wibright (229) 597-3331
Listing office COLDWELL BANKER PREMIER REAL E 1616 Norman Dr Suite E, Valdosta, GA (229) 244-3535
Listing date Jul 10, 2026
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.
The home sits on 0.75 acres and is zoned R-6. Recent improvements noted in the remarks include a 1-year-old roof, 2-year-old HVAC, updated electrical, and replaced plumbing beneath the home.
The layout supports multiple day-to-day income approaches, including renting both the main house and apartment, renting the main house by the room, or owner-occupying one unit while leasing the other.
Key Highlights
- 6‑bedroom, 3‑bath main house plus a detached 2‑bedroom, 1‑bath apartment on 0.75 acres
- Detached apartment is separately metered and leased for $800/month with a long‑term tenant
- Roof is 1 year old; HVAC is 2 years old; updated electrical and replaced plumbing beneath the home
Local Financial Insights For Multifamily LT 5
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 | $33.5k | $10.20 |
| − Vacancy | −$2.2k | −$0.66 |
| EGI | $31.3k | $9.54 |
| − OpEx | −$9.4k | −$2.86 |
| NOI | $21.9k | $6.68 |
