Turnkey rental opportunity in North Albany. This 3-bedroom, 1.5-bath home is currently leased at $695/month with a solid payment history — income from day one, no turnover costs, no lease-up period. A clean addition to a growing portfolio or a strong entry point for a first investment property. Tenant occupied; please do not disturb. Seller is a licensed Georgia real estate agent. Seller intends to complete a 1031 tax-deferred exchange and requests buyer's cooperation at no cost or delay to buyer.
For sale
Price cut: $1K (10/1)
$74,000
507 S Cleveland St, Albany, GA 31701
3beds
1,348sqft
Detached Single Family
Built in 1947
10,018 Square Feet Lot
$-- Zestimate®
$55/sqft
$-- HOA
What's special
- 28 days
- 334
- 9
Zillow last checked:
Listing updated:
Listed by:
Burton Newcomb 229-886-1179,
Megalithic Properties,LLC
Source: SWGMLS,MLS#: 169896
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Fireplace(s)
Cooling
- A/C: Central Electric
Appliances
- Included: None
Features
- Other-See Remarks
- Flooring: Hardwood, Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 1,348
- Total interior livable area: 1,348 sqft
Property
Parking
- Parking features: Driveway Only
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Other-See Remarks
- Waterfront features: None
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: 0000D/00026/010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Detached Single Family
Materials
- Asbestos, Wood Trim
- Foundation: Crawl Space
- Roof: Shingle
Condition
- Year built: 1947
Utilities & green energy
- Electric: Albany Utilities
- Sewer: Albany Utilities
- Water: Albany Utilities
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Cleveland Heights
Location
- Region: Albany
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $34,600
- Annual tax amount: $816
- Date on market: 9/7/2026
- Listing terms: Cash,Lease Purchase,Conventional
- Ownership: Investor
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Price change | $74,000-1.3%$55/sqft |
Source: SWGMLS #169896 Report a problem | ||
| 9/7/2026 | Listed for sale | $75,000$56/sqft |
Source: SWGMLS #169896 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $600 +6.1% | $13,840 |
| 2024 | $565 | $13,840 |
| 2023 | -- | $13,840 |
| 2022 | $513 -0.2% | $13,840 |
| 2021 | $515 -0.4% | $13,840 |
| 2020 | $516 -0.4% | $13,840 |
| 2019 | $519 +7.4% | $13,840 |
| 2018 | $483 -6.8% | $13,840 |
| 2017 | $519 +7.3% | $13,840 |
| 2016 | $483 | $13,840 |
| 2015 | $483 +9.9% | $13,840 +7.5% |
| 2014 | $440 | $12,880 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | $32,200 +10.7% |
| 2006 | -- | $29,100 |
| 2005 | -- | $29,100 |
| 2004 | -- | $29,100 |
| 2003 | -- | $29,100 |
| 2002 | -- | $29,100 +5.1% |
| 2001 | -- | $27,700 |
| 2000 | -- | $27,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 31701
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