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Off market
  • $447,500

    1602 Iola Dr, Valdosta, GA 31602

    --beds
    6baths
    3,848sqft
    MultiFamily
    Built in 1982
    -- sqft lot
    $447,500 Zestimate®
    $116/sqft
    $1,178 Estimated rent

    Home value

    $447,500

    $376,000 - $524,000

    $1,178/mo

    Zestimate® history
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    $1,178/mo

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    $1,178/mo

    Rent Zestimate®

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    $2,729/mo

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    $2,729/mo

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    What's special

    Large 2/2 units in this triplex property with excellent rental history. Centralized location with Valdosta State University (12,300 fall 2020 enrollment) main campus just 3 blocks away! Rents are trending up for this location and can easily be bumped when the leases come up for renewal! Proforma cap rate of 7.31% with $725/month rents & 30% operating expense factor. Large lot with some additional development potential to add units here! Purchase this triplex individually or in package deal with 4 other listed properties totaling 8 doors - See MLS #s D125268A, R125272A, R125273A, and R125274A.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 6
    Heating
    • Forced air
    Features
    • Other-See Remarks
    • Flooring: Tile
    Interior area
    • Total interior livable area: 3,848 sqft

    Property

    Lot
    • Size: 0.51 Acres
    Details
    • Parcel number: 0116A238

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Concrete
    • Roof: Asphalt
    Condition
    • Year built: 1982

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Location
    • Region: Valdosta

    Financial & listing details

    • Price per square foot: $116/sqft
    • Tax assessed value: $381,155

    Price history

    DateEventPrice
    8/20/2021Sold$85,000$22/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $152,462
    2024$4,258 +64.3%$152,462 +98.8%
    2023$2,592 -2.8%$76,700
    2022$2,667 -20.5%$76,700 -18.8%
    2021$3,354 -4.5%$94,448 -4.6%
    2020$3,513 -2.8%$98,956 -1.5%
    2019$3,612 -2.9%$100,458 -2.2%
    2018$3,719 +0.7%$102,712 -4.9%
    2017$3,694 -5.4%$107,971
    2016$3,904 $107,971
    2015$3,904 +2.8%$107,971 -4.1%
    2014$3,798 $112,566
    2010-- --
    2009-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: 31602

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
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    $447,500
    2% more
    +$8,950
    With Zillow Showcase(estimated)
    $456,450