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For sale
  • $2,195,000

    700 1st St SW #22, Moultrie, GA 31768

    --beds
    --baths
    23,916sqft
    : 
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    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $92/sqft
    $-- HOA

    What's special

    Maintaining historic characterOversized floorplansCentral hvacFresh paint
    22-unit turnkey multifamily investment opportunity in Moultrie with 100% occupancy and strong cash flow. Six buildings across three contiguous parcels totaling approximately 23,916 SF. Unit mix includes fourteen 2BR/1BA units, four 3BR/2BA units, three 1BR/1BA units, and one studio unit, providing diversification across multiple tenant demographics and maximizing leasing demand. Current rents total $19,865/month with ability to bump to market rates of $22,530/mo. All units have been updated with LVP flooring, fresh paint, central HVAC, and upgraded fixtures/appliances while maintaining historic character and oversized floorplans. The property offers a unique, controlled residential setting on a quiet dead-end public street with no through traffic. Individually metered units with tenants direct billed by utility providers. Moultrie and Colquitt County continue to benefit from positive economic growth, expanding employers, and increased regional investment that support a strong multifamily rental market. Offered at $2,195,000 with projected cap rates of 7.06% current and 8.01% pro forma - rent roll, financials, and full offering memorandum available to qualified prospects.
    52 days
    |
    87
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    John Courson,

    Coldwell Banker Premier Real E

    Source: South Georgia MLS,MLS#: 153644MLS Logo

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      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Other
      Features
      • Ceiling Fan(s)
      Interior area
      • Total structure area: 23,916
      • Total interior livable area: 23,916 sqft

      Property

      Parking
      • Parking features: Other
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: None
      • Pool features: None
      • Frontage type: None
      Lot
      • Size: 1.75 Acres
      Details
      • Parcel number: multi
      • Zoning: R-3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick Veneer, Frame, Vinyl Siding
      • Roof: Metal

      Utilities & green energy

      • Electric: City Of Moultrie
      • Sewer: Public Sewer
      • Water: Public, City Of Moultrie

      Community & HOA

      Community
      • Subdivision: Moultrie
      Location
      • Region: Moultrie

      Financial & listing details

      • Price per square foot: $92/sqft
      • Annual tax amount: $10,806
      • Date on market: 5/12/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,257/mo

        Price history

        DateEventPrice
        5/12/2026Listed for sale$2,195,000+5.8%$92/sqft
        Source: South Georgia MLS #153644 Report a problem
        7/1/2025Listing removed$2,075,000$87/sqft
        Source: South Georgia MLS #140867 Report a problem
        6/26/2024Listed for sale$2,075,000$87/sqft
        Source: South Georgia MLS #140867 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.

        Climate risks

        Neighborhood: 31768

        Getting around

        48 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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