8-unit multifamily opportunity in Valdosta with a clear value-add strategy already underway. Four units are currently leased through 2027, while four units are in the process of being updated - allowing a new owner to complete renovations and push rents to market rates. Each 970 sq ft unit features a 2BR/1.5BA two-story layout with in-unit laundry. Partial updates have been completed in most units, including LVP flooring, fresh paint, updated lighting and stainless appliances. Tenants pay all utilities. Major improvements include a new roof in 2017 and a resurfaced parking lot. Located near Valdosta State University, downtown, and Moody AFB, supporting strong and consistent rental demand. Well-positioned for an investor seeking in-place income with significant rent growth potential. Lowndes County Parcel Number 0117A 173.
For sale
$620,000
1197 Jo Ree St, Valdosta, GA 31601
16beds
7,760sqft
Est.:
Multi Family
Built in 1979
-- sqft lot
$702,000 Zestimate®
$80/sqft
$-- HOA
What's special
Resurfaced parking lotUpdated lightingStainless appliancesIn-unit laundryFresh paintLvp flooring
- 9 days |
- 891 |
- 62 |
Zillow last checked: 7 hours ago
Listing updated: March 20, 2026 at 12:43pm
Listed by:
Jeana Griffin,
eXp Realty LLC
Source: TABRMLS,MLS#: 928618
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
- Full bathrooms: 8
- 1/2 bathrooms: 8
Rooms
- Room types: Living/Dining Room Combo
Bathroom
- Features: Hard Surface Countertops, Tub/Shower Combo
Heating
- Central Heat/Air
Cooling
- Ceiling Fan(s), Central Heat/Air
Appliances
- Included: Dishwasher, Freezer, Refrigerator, Washer/Dryer
- Laundry: Stackable Appliances
Features
- Flooring: Luxury Vinyl
- Has basement: No
Interior area
- Total structure area: 7,760
- Total interior livable area: 7,760 sqft
Property
Features
- Levels: Two
- Patio & porch: Patio
Lot
- Size: 0.77 Acres
- Features: Grass, Corner Lot, Near Recreation, Near Schools, Near Shops
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Updated/Remodeled,Well-Kept
- Year built: 1979
Community & HOA
Community
- Subdivision: No Recorded Subdivision
Location
- Region: Valdosta
Financial & listing details
- Price per square foot: $80/sqft
- Annual tax amount: $7,772
- Date on market: 3/20/2026
- Listing terms: Cash,Other-See Remarks
Estimated market value
$702,000
$604,000 - $828,000
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $620,000$80/sqft |
Source: TABRMLS #928618 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,489/mo
Principal & interest
$3070
Property taxes
$419
More affordability tools
Climate risks
Neighborhood: Brook Haven
Nearby schools
GreatSchools rating
- 3/10S.L. Mason Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Valdosta Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Valdosta High SchoolGrades: 9-12Distance: 4.5 mi
Local experts in 31601
- Georgia
- Lowndes County
- Valdosta
- 31601
- Brook Haven
- 1197 Jo Ree St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Valdosta Topics
