Two-Unit Duplex
For Sale
$119,000
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$86.99
Days on Market64
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: Oct 25
Last Checked: Oct 28 at 2:56PM
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
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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 / Yr
$9,133
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
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
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 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 7.67%
Second Best
Apartment 5plus
$117.4K
$102.7K – $136.9K
NOI $8,215 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$207.7K
$181.7K – $242.3K
NOI $14,538 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 $119,000.
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
