8-Unit Apartment
For Sale
$445,000
2000 Oak St, Valdosta, GA 31605
Residential Income, Valdosta, GA
Property Size2,846 SF
Lot Size0.41 Acres
Price / SF$156.36
Days on Market271
Property Features for 2000 Oak St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Parking features
Carport, Driveway
Interior features
Insulated, Fireplace, Ceiling Fan(s)
Fireplace
1
Appliances
Refrigerator, Electric Range
Subdivision
1-N of Baytree Rd to W Oak St (City Limits)
Standard status
Active
APN
0113D 059
Size
2,846 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2000 N Oak St
Tax Annual Amount
1
Legal Description
2000 N Oak St
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood flooring
refrigerator
stove
shared washer/dryer
Building Details
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Garner Realty Group LLC
(229) 686-1931
Listed By:
Darlene Garner
(229) 356-0630
Added: Jan 31
Changed: Oct 25
Last Checked: Oct 29 at 3:06AM
MLS# 148519
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.
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Investment Insights
Based on property information with market context.
This 2,846-square-foot apartment property contains eight units, each configured with one bedroom and one bathroom. Hardwood flooring runs through the units, which are equipped with refrigerators and electric ranges. Residents share a washer and dryer. The building has central heating and air conditioning, a shingle roof, and wood siding; the central HVAC system is approximately 7 years old. The 0.41-acre parcel is zoned C and has driveway and carport parking, public water, and public sewer.
Key Highlights
- Eight apartments, each with 1 bedroom and 1 bathroom
- 2,846‑square‑foot building on a 0.41‑acre parcel
- Central HVAC system approximately 7 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,090
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
$341.8K
Cap Rate 7%
$244,143
$244.1K
Cap Rate 9%
$189,889
$189.9K
Market Conditions
NOI Build-Up for 2,846 SF
Gross rent
$33.1K $11.64/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$31.1K $10.92/SF
− OpEx
−$14.0K −$4.91/SF
NOI
$17.1K $6.01/SF
Area
Lowndes County, GA
Vacancy
6.20%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
Cap Rate 7%
$244,143
Cap Rate 9%
$189,889
Alternative Uses
Best Use
Apartment 5plus
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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Business Placement
Demographics for 31605, GA
23,682
Population
9,642
Households
2.5
Avg Household Size
32
Median Age
35%
College-Educated
95%
High-School Grad
48.8 sq mi
ZIP Area
485
Density / Sq Mi
$73,991
Median Household Income
$42,359
Median Earnings
$1,230
Median Rent
$211,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom residences share laundry facilities and include refrigerators and electric ranges.
Where is this apartment building located?
The property is located at 2000 Oak St Valdosta, GA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Eight apartments, each with 1 bedroom and 1 bathroom; 2,846‑square‑foot building on a 0.41‑acre parcel; Central HVAC system approximately 7 years old
