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    Duplex with Two 2BR Units Title is generated by Realmo AI

    606-608 Ward St, Douglas, GA 31533

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    Claim this Listing
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    For Sale
    $156,000

    MULTI_FAMILY - Douglas, GA

    Property size:
    2,219 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $70/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 606-608 Ward St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
    Interior features
    Insulated
    Standard status
    Active
    APN
    D021 170
    Size
    2,219 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    H/L 606 WARD ST
    Tax Annual Amount
    803

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Brick Veneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Caleb Ross
    Caleb Ross

    Listing agent Caleb Ross License #433083

    Listing office Canopy Realty Group 2904 N Oak St, Valdosta, GA

    Listing date Jun 2, 2026

    MLS# 153875 Listing URL

    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.

    HighLights

    • Duplex with two 2BR/1BA units, both currently leased at $800/month
    • Leased income of $19,200 annually reported, with stabilized tenant occupancy
    • Recent new metal roof plus moderately updated interiors and exteriors
    • Central heating with central air (electric)
    • Public water and public sewer; each unit has individual electric meters with tenants paying electricity
    • Brick veneer construction and metal roof

    Overview

    This well-maintained duplex offers two separate 2BR/1BA units. Both units are currently leased, providing in-place rental income, and each unit has its own electric meter so tenants pay electricity directly to the provider. The property has a newer metal roof and moderately updated interiors and exteriors, aimed at reducing near-term maintenance while supporting tenant appeal. City water and city sewer services are in place, which can simplify ongoing utility-related responsibilities compared with private utility systems.

    The duplex is located at 606-608 Ward St in Douglas, Georgia (31533). The lot size is 0.18 acres, and the total property size is 2,219 square feet. The building is set up for duplex-style separate living arrangements, with two independently metered apartments.

    For buyers seeking a low-maintenance residential income property, the current tenant occupancy and recent roof improvement are notable considerations. Each unit is independently metered for electricity, helping keep operating expenses more streamlined. Please note that tenants are occupied, and you should not approach or disturb them. Interior showings are allowed only when under contract during DDP.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Coffee
    State
    Georgia
    Longitude
    -82.8430717
    Latitude
    31.5083596

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two leased 2BR/1BA apartments and a new metal roof, serviced by city water and sewer.
    Where is this duplex located?
    The property is located at 606-608 Ward St Douglas, GA.
    What is the asking price?
    The asking price for this property is $156,000.
    What are key features of this property?
    This property features: Duplex with two 2BR/1BA units, both currently leased at $800/month; Leased income of $19,200 annually reported, with stabilized tenant occupancy; Recent new metal roof plus moderately updated interiors and exteriors
    (904) 400-2069
    We can help!
    Listing Contact
    Caleb Ross
    Caleb Ross
    Real Estate License ID: 433083
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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