Pending

$620,000

1197 Jo Ree St, Valdosta, GA 31601

16beds

7,760sqft

Get pre-qualified

Multi Family

Built in 1979

-- sqft lot

$-- Zestimate^®

$80/sqft

$-- HOA

What's special

Resurfaced parking lotUpdated lightingStainless appliancesIn-unit laundryFresh paintLvp flooring

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.

99 days

247

10

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

Video & virtual tour

View virtual tour

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

Not available

Estimated sales range

Not available

$680/mo

Price history

Date	Event	Price
6/3/2026	Pending sale	$620,000$80/sqft
Source: TABRMLS #928618 Report a problem
5/10/2026	Listed for sale	$620,000$80/sqft
Source: TABRMLS #928618 Report a problem
4/21/2026	Contingent	$620,000$80/sqft
Source: TABRMLS #928618 Report a problem
3/20/2026	Listed for sale	$620,000$80/sqft
Source: TABRMLS #928618 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified