1197 Jo Ree St Valdosta, GA 31601
Property details
About 1197 Jo Ree St
Attention Investors! Excellent opportunity to acquire an 8-unit multifamily property in a high-demand rental area of Valdosta. Built in 1979 on a 0.77-acre lot, this well-maintained property offers approximately 970 SF per unit with identical two-story layouts. Each unit features a living room, kitchen, and half bath downstairs, with two bedrooms, a full bath, and a laundry area upstairs—washer and dryer included. Current gross monthly rent is $5,945, with all units fully leased. Rents are below market, presenting clear upside, with market rates estimated at $1,100/month for renovated units. Four units have received partial updates, including LVP flooring, updated lighting, fresh paint, carpet in bedrooms and new appliances. Tenants pay all utilities. Roof was replaced in 2017 and maintained as needed. The parking lot has been resurfaced and striped, providing ample private parking for tenants. Located minutes from Valdosta State University, downtown, shopping and Moody Air Force Base. Strong rental history and professional management make this a turn-key income property with long-term value-add potential. Rent roll and investor summary available with proof of funds or pre-approval letter.
Highlights
Summary
- Partial Bathrooms: 8
- Full Bathrooms: 8
- Appliances: Dishwasher, Electric Range, Refrigerator, Washer/Dryer
- Flooring Type: Carpet
- Total Bedroom Count: 16
- Private Pool: No
- Exterior: Patio
- Architectural Style: Traditional
- Heating: Central
- Cooling: Ceiling Fan(s)
- List Price: $650,000
- Price/SqFt: $83
- Lot: Wooded, Corner Lot
- Directions: GPS
- Year Built: 1979
- Stories: 2
- Living Area: 7,760 SqFt
- Lot Size: 0.77 Acres
- MLS Number: 925634
- MLS Name: ThomasvilleGA
- Office Name: eXp Realty LLC
- Office Phone: (888) 959-9461
- Listing Agent: Jeana Griffin
Listing information provided in part by the Thomasville Area Board of REALTORS® for personal, non-commercial use by viewers of this site. All information is deemed reliable but not guaranteed. Information may not be reproduced or redistributed. Copyright © 2025 Thomasville Area Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/22/2025, 9:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
1197 Jo Ree St
$7,719
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Price information
Property sales
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Tax history
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Nearby schools
3
S. L. Mason Elementary School
Public District PK-5
0.6 mi
•821 W Gordon St
7
Westside Elementary School
Public District PK-5
2.3 mi
•2470 James Rd
3
Pinevale Elementary School
Public District PK-5
2.4 mi
•930 Lake Park Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,073. The majority of Valdosta, GA residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
Pro Wrestling
NBA/WNBA
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Starbucks
What do the neighbors drive?
Buick
Pontiac
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
Frequently asked questions
About 1197 Jo Ree St
The listing price of 1197 Jo Ree St property is $650,000.
The property 1197 Jo Ree St is a multi located in Valdosta, Georgia, 31601.
Active Listing: 1197 Jo Ree St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1197 Jo Ree St are: S. L. Mason Elementary School (GreatSchools Rating 3/10), Westside Elementary School (GreatSchools Rating 7/10), Pinevale Elementary School (GreatSchools Rating 3/10), Valdosta Middle School (GreatSchools Rating 5/10), J. L. Newbern Middle School (GreatSchools Rating 3/10), Lowndes Middle School (GreatSchools Rating 7/10), Lowndes High School (GreatSchools Rating 8/10), Valdosta High School (GreatSchools Rating 6/10), Brooks County High School (GreatSchools Rating 5/10).
The property 1197 Jo Ree St is 7,760 SqFt (source: MLS/tax record).
The year of construction for 1197 Jo Ree St is 1979.
This home is located at 1197 Jo Ree St in Valdosta, GA and zip code 31601. This 7,760 square foot home, which was built in 1979, sits on a 0.77 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since June 19, 2025 and is currently priced at $650,000.
Valdosta, GA housing market in May 2025 saw over 22 listings sold above listed price, more than 34 sold at listed price and over 42 sold below. The number of homes for sale in Valdosta, GA increased by 9.2% between April and May 2025. Listings spent 39 days on the market in May 2025, and had a median list price of $241,000 during the same period.