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Renovated Duplex with Value-Add Unit
For Sale
$69,000

512 Cherry Avenue, Albany, GA 31701

Residential, Duplex, Albany, GA

Property Size7,500 SF
Lot Size0.17 Acres
Price / SF$9.20
Days on Market144

Property Features for 512 Cherry Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features Driveway
Patio and Porch features Porch
Exterior features Porch Covered
Subdivision Ragsdale
Lot features Paved Road
Directions From U.S. Route 19, take the exit toward West Highland Avenue and head east. Turn right onto Cherry Avenue and continue straight-512 Cherry Avenue will be on your right.
Standard status Active
APN 000HH/00026/022
Size 7,500 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BLK 16 LOT 7 RAGSDALE
Tax Annual Amount 438
Legal Description BLK 16 LOT 7 RAGSDALE

Building Details

Year built 1920
Floors in Building 1
Flooring type Tile - Ceramic
Building materials Wood Siding
Roof type Metal
Architectural style Other
Listing Agency: Select Realty Partners of Georgia
Listed By: Rashode Best
Added: Apr 3 Changed: Aug 20 Last Checked: Aug 24 at 11:06AM
MLS# 168856

Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. 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 two-unit residential property includes one residence that has been renovated and is ready for occupancy, while the second unit requires additional work. The layout includes four bedrooms and two bathrooms overall, with covered porch space, a driveway, ceramic tile flooring, wood siding, and a metal roof. Built in 1920, the property occupies 0.17 acres and contains 7,500 square feet of property area.

Located at 512 Cherry Avenue in Albany, Georgia, the property is near local amenities, schools, and major roadways. Its existing configuration provides a combination of completed improvements and unfinished work within a single duplex asset.

Key Highlights

  • One unit renovated and ready for occupancy
  • Second unit offers renovation potential
  • Four bedrooms and two bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Garden Center Real Estate Agency Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

174
Businesses Nearby

Demographics for 31701, GA

18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with one refreshed residence and a second unit suited for renovation.
Where is this duplex located?
The property is located at 512 Cherry Avenue Albany, GA.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: One unit renovated and ready for occupancy; Second unit offers renovation potential; Four bedrooms and two bathrooms
More about this property
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