Duplex With Detached
For Sale
$275,000
1616-18 E Park Ave, Valdosta, GA 31602
Residential Income, Valdosta, GA
Property Size3,283 SF
Lot Size0.75 Acres
Price / SF$83.76
Days on Market98
Property Features for 1616-18 E Park Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Parking features
Driveway, Carport
Interior features
Ceiling Fan(s)
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Appliances
Refrigerator
Subdivision
East Park
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
Legal Description
in listing office
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
storage building
carport
circular driveway
extra parking
Building Details
Floors in Building
1
Building materials
Brick Veneer
Listing Agency:
COLDWELL BANKER PREMIER REAL E
(229) 244-3535
Listed By:
John Courson · License #342868
(229) 251-4632
Added: Jul 10
Changed: Sep 26
Last Checked: Oct 15 at 4:06AM
MLS# 154332
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 residential income property combines a 3,283-square-foot, 6-bedroom, 3-bath main house with a detached 2-bedroom, 1-bath apartment on 0.75 acres. The secondary unit is separately metered and occupied by a long-term tenant. The property includes brick veneer construction, central heating, multiple cooling systems, a storage building, carport, circular driveway, and additional parking. A refrigerator and ceiling fans are also included, while an accessible approach with ramp provides added site functionality.
Recent property work includes a 1-year-old roof, 2-year-old HVAC system, electrical updates, and replacement of plumbing beneath the home. Public water and public sewer serve the property, which is zoned R-6. The sale is offered as-is.
Recent property work includes a 1-year-old roof, 2-year-old HVAC system, electrical updates, and replacement of plumbing beneath the home. Public water and public sewer serve the property, which is zoned R-6. The sale is offered as-is.
Key Highlights
- 3,283‑square‑foot property on 0.75 acres
- 6‑bedroom, 3‑bath main house plus detached 2‑bedroom, 1‑bath apartment
- Detached apartment is separately metered and leased to a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,917
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,340
$438.3K
Cap Rate 7%
$313,100
$313.1K
Cap Rate 9%
$243,522
$243.5K
Market Conditions
NOI Build-Up for 3,283 SF
Gross rent
$33.5K $10.20/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$31.3K $9.54/SF
− OpEx
−$9.4K −$2.86/SF
NOI
$21.9K $6.68/SF
Area
Lowndes County, GA
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,340
Cap Rate 7%
$313,100
Cap Rate 9%
$243,522
Alternative Uses
Best Use
Multifamily LT 5
$313.1K
$274.0K – $365.3K
NOI $21,917 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$498.4K
$436.1K – $581.5K
NOI $34,889 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a spacious primary home and a separately metered apartment with an established tenancy.
Where is this duplex located?
The property is located at 1616-18 E Park Ave Valdosta, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,283‑square‑foot property on 0.75 acres; 6‑bedroom, 3‑bath main house plus detached 2‑bedroom, 1‑bath apartment; Detached apartment is separately metered and leased to a long‑term tenant
