Triplex with Updated
For Sale
$469,900
6004 Susan Circle, Valdosta, GA 31605
Residential Income, Valdosta, GA
Property Size2,776 SF
Lot Size0.53 Acres
Price / SF$169.27
Days on Market93
Property Features for 6004 Susan Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MAZ-2
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 6
Patio and Porch features
Patio
Interior features
Blinds, Ceiling Fan(s)
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Appliances
Refrigerator, Electric Range
Subdivision
Pointe North
Standard status
Active
APN
0180-081
Size
2,776 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
o
Tax Annual Amount
2480
Legal Description
o
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer & dryer hookups
storage area
Building Details
Year built
1997
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Buildings
1
Listing Agency:
Hogan and Associates Realty Advisors, LLC
(229) 599-0054
Listed By:
Melissa Taylor · License #203174
(229) 445-1270
Added: Aug 4
Changed: Oct 28
Last Checked: Nov 4 at 12:06AM
MLS# 154609
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 three-unit residential property contains three two-bedroom, two-bathroom homes. The kitchens have been updated and include stainless steel appliances; luxury vinyl flooring is also noted. Each residence has washer and dryer hookups, a patio, and a small storage area. The building was constructed in 1997 and has central heating and air conditioning.
The property occupies 0.53 acres and is zoned MAZ-2. Additional features include an accessible approach with a ramp, public water, and a septic system. A rental management company is currently in place.
The property occupies 0.53 acres and is zoned MAZ-2. Additional features include an accessible approach with a ramp, public water, and a septic system. A rental management company is currently in place.
Key Highlights
- Three residences, each with 2 bedrooms and 2 bathrooms
- Updated kitchens with stainless steel appliances
- 0.53‑acre property zoned MAZ‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,532
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,640
$370.6K
Cap Rate 7%
$264,743
$264.7K
Cap Rate 9%
$205,911
$205.9K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$28.3K $10.20/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$26.5K $9.54/SF
− OpEx
−$7.9K −$2.86/SF
NOI
$18.5K $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%
$370,640
Cap Rate 7%
$264,743
Cap Rate 9%
$205,911
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$238.1K
$208.4K – $277.8K
NOI $16,670 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,501 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
38
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?
Triplex - Each residence offers laundry hookups, a patio, and adjoining storage.
Where is this triplex located?
The property is located at 6004 Susan Circle Valdosta, GA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three residences, each with 2 bedrooms and 2 bathrooms; Updated kitchens with stainless steel appliances; 0.53‑acre property zoned MAZ‑2
