Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Duplex Investment Opportunity Title is generated by Realmo AI

    700 Carmen Ave, Fort Valley, GA 31030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New, fully leased duplex near Fort Valley State University.

    Type:Multifamily
    Property size:
    1,350 SF
    Price / SF:
    $200/SF
    Added:
    Feb 3, 2026
    Days on Market:
    98
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 700 Carmen Ave

    General Information

    Standard status
    Active
    Size
    1,350 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Jill Jones

    Listing agent Jill Jones License #395680

    Listing office Bob Mathews

    Listing date Feb 3, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bob Mathews

    HighLights

    • High Return: 10% Cap Rate, generating $2,600 monthly income.
    • New Construction: Built in 2024.
    • Fully Leased & Furnished: Turnkey investment, ready for immediate income.
    • High‑Demand Location: Situated in a college town with a documented housing shortage.
    • Tenant Paid Utilities: Reduces owner expenses.
    • Unique Rental Structure: Rented by the room to students; lump sum payments each semester.

    Overview

    This duplex, constructed in 2024, presents an investment opportunity with a 10% capitalization rate. The property is fully occupied and generates $2,600 in monthly rental income. Located in a college town with a documented housing shortage, the duplex is leased to students attending Fort Valley State University. Each side of the duplex features two bedrooms and one bathroom, totaling four bedrooms and two bathrooms for the entire property. The property is being offered fully furnished and leased, with tenants responsible for their own utilities. The property size is 1350 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Valley
    County
    Peach
    State
    Georgia
    Longitude
    -83.896277
    Latitude
    32.555844

    Nearby Similar for Sale

    • $980,000

      New Multifamily Investment Opportunity

      New construction 6-unit multifamily property with immediate income potential.
      614 Elberta Street, Fort Valley, GA 31030
      View Details
    • $650,000
      150 SF

      New 13-Unit Apartment Building

      New construction, 13-unit multifamily property with modern, low-maintenance living.
      1011 Pine Street, Fort Valley, GA 31030
      View Details
    • $280,000

      Renovated Triplex Near Fort Valley

      Income-producing triplex near FVSU with immediate equity.
      101 King Street, Fort Valley, GA 31030
      View Details
    • $100,000
      800 SF

      Laundromat Investment Opportunity For Sale

      Coin-operated laundromat for sale near Fort Valley State University.
      512 S Camellia Boulevard, Fort Valley, GA 31030
      View Details
    • $100,000

      Laundromat Investment Opportunity For Sale

      Coin-operated laundromat for sale near Fort Valley State University.
      512 S Camellia Blvd, FORT VALLEY, GA, 31030-4335
      View Details
    • $4,634,000
      71,887 SF

      Grocery Anchored Shopping Center For Sale

      Grocery-anchored shopping center with strong tenancy and development opportunity.
      2275 US-341, Fort Valley, GA 31030
      View Details
    • $299,000

      New Duplex in College Town

      2024 duplex near Fort Valley State University, fully leased and furnished.
      317 Preston St, Fort Valley, GA 31030
      View Details
    • Contact for pricing
      15,360 SF

      Retail Space on Camellia Boulevard

      Retail space available for sale on South Camellia Boulevard.
      410 S Camellia Blvd, Fort Valley, GA 31030
      View Details
    • $250,000
      6,480 SF

      Office/Warehouse with Canopy For Sale

      Office/warehouse with canopy, located outside of Downtown Fort Valley.
      304 Boulevard St, Fort Valley, GA 31030
      View Details

    FAQs

    What type of property is this?
    Duplex - New, fully leased duplex near Fort Valley State University.
    Where is this duplex located?
    The property is located at 700 Carmen Ave Fort Valley, GA.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: High Return: 10% Cap Rate, generating $2,600 monthly income.; New Construction: Built in 2024.; Fully Leased & Furnished: Turnkey investment, ready for immediate income.
    (510) 776-5325 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jill Jones
    Real Estate License ID: 395680
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    700 Carmen Ave, Fort Valley, GA 31030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!