Adjacent Rental Homes
For Sale
$219,000
637 & 639 Ethel St, Douglas, GA 31533
Residential Income, Douglas, GA
Property Size2,750 SF
Lot Size1.30 Acres
Price / SF$79.64
Days on Market146
Property Features for 637 & 639 Ethel St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 5, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 8, Bedroom 9
Subdivision
11-Other
Standard status
Active
APN
D021 139, D021 140
Size
2,750 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
H/L 18 19 20 + PT 1, H/L 16 PT17 BLK139
Tax Annual Amount
797
Legal Description
H/L 18 19 20 + PT 1, H/L 16 PT17 BLK139
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Canopy Realty Group
(229) 630-2400
Listed By:
Caleb Ross
(904) 400-2069
Added: Jun 3
Changed: Oct 23
Last Checked: Oct 26 at 7:06PM
MLS# 153887
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 turnkey for-sale package includes two adjacent single-family rental homes on the same property: one 5-bedroom, 3-bath residence and one 4-bedroom, 2-bath residence. Both homes are tenant occupied and equipped with central heating and air conditioning. Each has benefited from new metal roofs, along with various interior and exterior updates, and the current condition is described as having little-to-no deferred maintenance.
The properties are located in the center of Douglas, Georgia, with convenient access to schools, employers, shopping, and major thoroughfares. The listing is positioned as a workforce-housing option within an established residential area.
Current leases are in place with reported monthly rents of $1,100 for the 5BR/3BA home and $900 for the 4BR/2BA home, totaling $24,000 in annual gross rental income. The remarks also note that market rents support approximately $1,250 and $1,000, respectively, which could create room for increased revenue at future lease renewals. Suitable for investors seeking immediate in-place income from two adjacent homes, with limited near-term capital needs based on the described recent improvements. Tenant occupied—do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
The properties are located in the center of Douglas, Georgia, with convenient access to schools, employers, shopping, and major thoroughfares. The listing is positioned as a workforce-housing option within an established residential area.
Current leases are in place with reported monthly rents of $1,100 for the 5BR/3BA home and $900 for the 4BR/2BA home, totaling $24,000 in annual gross rental income. The remarks also note that market rents support approximately $1,250 and $1,000, respectively, which could create room for increased revenue at future lease renewals. Suitable for investors seeking immediate in-place income from two adjacent homes, with limited near-term capital needs based on the described recent improvements. Tenant occupied—do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
Key Highlights
- Portfolio of 2 adjacent single‑family rental homes in Douglas, GA (tenant occupied; do not approach or disturb tenants).
- One home is 5BR/3BA rented for $1,100/month; the other is 4BR/2BA rented for $900/month.
- Current annual gross rental income totals $24,000; market rents cited as about $1,250/month and $1,000/month.
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Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
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Business Placement
Demographics for 31533, GA
16,714
Population
7,351
Households
2.3
Avg Household Size
36
Median Age
16%
College-Educated
79%
High-School Grad
66.3 sq mi
ZIP Area
252
Density / Sq Mi
$44,211
Median Household Income
$33,568
Median Earnings
$683
Median Rent
$131,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Multifamily property - Turnkey sale of two adjacent single-family rentals with central HVAC and newer metal roofs in Douglas, GA.
Where is this multifamily property located?
The property is located at 637 & 639 Ethel St Douglas, GA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Portfolio of 2 adjacent single‑family rental homes in Douglas, GA (tenant occupied; do not approach or disturb tenants).; One home is 5BR/3BA rented for $1,100/month; the other is 4BR/2BA rented for $900/month.; Current annual gross rental income totals $24,000; market rents cited as about $1,250/month and $1,000/month.
