Two-Unit Duplex
For Sale
$139,000
2413 Knox Dr, Valdosta, GA 31602
Income-producing duplex with one leased unit, one vacant unit, recent exterior improvements, and off-street parking.
Property Size1,368 SF
Lot Size0.27 Acres
Price / SF$101.61
Days on Market18
Property Features for 2413 Knox Dr
General Information
Standard status
Active
Size
1,368 SF
Total Parking Spaces
4
Lot size
0.27 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$811
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Steven T Koleno · License #3469487
(804) 656-5007
Source:
Exprealty
Added: Aug 27
Changed: Sep 10
Last Checked: Sep 12 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
This duplex at 2413 Knox Dr contains two 2-bedroom, 1-bath units totaling approximately 1,368 square feet. The 0.27-acre property provides off-street parking for four vehicles. One unit has been updated, while the roof and exterior paint were completed in 2021. One side is professionally managed and leased; the second unit is vacant and available for occupancy or leasing.
The property is situated in Valdosta near the hospital corridor and university. Its two-unit layout offers a combination of existing tenancy and immediate use flexibility for an owner-occupant or rental property buyer.
The property is situated in Valdosta near the hospital corridor and university. Its two-unit layout offers a combination of existing tenancy and immediate use flexibility for an owner-occupant or rental property buyer.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Approximately 1,368 sq ft total
- 0.27‑acre lot with off‑street parking for four
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,133
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,660
$182.7K
Cap Rate 7%
$130,471
$130.5K
Cap Rate 9%
$101,478
$101.5K
Market Conditions
NOI Build-Up for 1,368 SF
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.
Gross rent
$14.0K $10.20/SF
− Vacancy
−$907 −$0.66/SF
EGI
$13.0K $9.54/SF
− OpEx
−$3.9K −$2.86/SF
NOI
$9.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,660
Cap Rate 7%
$130,471
Cap Rate 9%
$101,478
Alternative Uses
Best Use
Multifamily LT 5
$130.5K
$114.2K – $152.2K
NOI $9,133 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$117.4K
$102.7K – $136.9K
NOI $8,215 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$207.7K
$181.7K – $242.3K
NOI $14,538 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with one leased unit, one vacant unit, recent exterior improvements, and off-street parking.
Where is this duplex located?
The property is located at 2413 Knox Dr Valdosta, GA.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Approximately 1,368 sq ft total; 0.27‑acre lot with off‑street parking for four
