Two-Duplex Residential Income
For Sale
$460,000
5406 10 Worthington Street, Lake Park, GA 31632
Residential Income, Lake Park, GA
Property Size2,184 SF
Lot Size0.46 Acres
Price / SF$210.62
Days on Market212
Property Features for 5406 10 Worthington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
12
Bathrooms
12
Full bathrooms
8
Half bathrooms
4
Rooms
Bedroom 4, Bedroom 11, Bedroom 3, Bathroom 4, Bathroom 11, Bedroom 9, Bedroom 2, Bathroom 6, Bedroom 12, Bedroom 6, Bedroom 8, Bathroom 9, Bathroom 12, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 7, Bedroom 1, Bedroom 5, Bathroom 8, Bathroom 10, Bathroom 1, Bedroom 10, Bathroom 3
Interior features
Cable TV Available, Ceiling Fan(s)
Appliances
Electric Range
Subdivision
Twin Lakes
Standard status
Active
APN
0195A 100
Size
2,184 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT24-27 BLK 28 TWIN LAKE
Tax Annual Amount
2725
Legal Description
LT24-27 BLK 28 TWIN LAKE
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
2
Flooring type
Tile, Vinyl
Building materials
Stucco, Vinyl Siding
Roof type
Shingle
Listing Agency:
Prime Properties Services, LLC
(229) 474-4051
Listed By:
Cindy Pegg
(229) 563-2030
Added: Mar 18
Changed: Sep 14
Last Checked: Oct 15 at 11:06AM
MLS# 153014
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 includes two duplex buildings containing four total units. Each unit measures 2,184 square feet and offers three bedrooms, two-and-one-half baths, a kitchen with tile flooring, refrigerator and electric range, LVP flooring in the living areas, and a dedicated laundry room. Central heating and cooling, vinyl and tile floors, public sewer, and shingle roofs are also provided. The buildings were constructed in 1984 and occupy a 0.46-acre lot with patios and large backyards.
The property is located in Lake Park, with shopping and restaurants approximately 1 minute away. Interstate 75 is also approximately 1 minute away, while the surrounding lake community provides access to boating, fishing, and camping. Wild Adventures Theme Park is readily accessible from the property. R6 zoning supports the stated residential configuration, and the layout allows an owner to occupy one unit while leasing the remaining units.
The property is located in Lake Park, with shopping and restaurants approximately 1 minute away. Interstate 75 is also approximately 1 minute away, while the surrounding lake community provides access to boating, fishing, and camping. Wild Adventures Theme Park is readily accessible from the property. R6 zoning supports the stated residential configuration, and the layout allows an owner to occupy one unit while leasing the remaining units.
Key Highlights
- Two duplex buildings with 4 total units
- Each unit contains 2,184 square feet
- Three bedrooms and two‑and‑one‑half baths per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,580
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,600
$291.6K
Cap Rate 7%
$208,286
$208.3K
Cap Rate 9%
$162,000
$162.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$22.3K $10.20/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$20.8K $9.54/SF
− OpEx
−$6.2K −$2.86/SF
NOI
$14.6K $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%
$291,600
Cap Rate 7%
$208,286
Cap Rate 9%
$162,000
Alternative Uses
Best Use
Multifamily LT 5
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$187.4K
$163.9K – $218.6K
NOI $13,115 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$331.6K
$290.1K – $386.8K
NOI $23,210 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 31632, GA
14,053
Population
5,932
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
112.4 sq mi
ZIP Area
125
Density / Sq Mi
$81,178
Median Household Income
$43,606
Median Earnings
$984
Median Rent
$250,500
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 - Four-unit configuration with updated flooring, kitchen appliances, laundry rooms, patios, and spacious rear yards.
Where is this duplex located?
The property is located at 5406 10 Worthington Street Lake Park, GA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two duplex buildings with 4 total units; Each unit contains 2,184 square feet; Three bedrooms and two‑and‑one‑half baths per unit
