About This Home

This 9-bedroom, 5-bathroom residential multi family at 637 & 639 Ethel St #2 in Douglas, GA is listed for $219,000 ($80 per sqft). the home offers 2,750 sqft of living space on a 1.30 acres lot.

Key Features

  • 1.30 acre lot

Property Details

1 story
5 full
#2

Amenities

A/C
Listing Description

This turnkey investment opportunity features two adjacent single-family rental homes in the heart of Douglas, Georgia, offering strong in-place cash flow with additional upside potential. The portfolio includes a 5BR/3BA home currently rented for $1,100/month and a 4BR/2BA home currently rented for $900/month, generating $24,000 in annual gross rental income.

Market rents support approximately $1,250/month and $1,000/month, respectively, providing an opportunity for increased revenue through future lease renewals. Both homes have benefited from new metal roofs, feature central heating and air conditioning, and have undergone various interior and exterior updates.

With little-to-no deferred maintenance, investors can step into immediate cash flow without the need for significant capital improvements. Located in the center of Douglas with convenient access to schools, employers, shopping, and major thoroughfares, these properties are well-positioned to benefit from continued demand for quality workforce housing.

Whether purchased as a cash-flowing investment or as part of a larger portfolio strategy, these properties offer a compelling combination of stable income, recent improvements, and rental upside in one of South Georgia's most affordable and resilient housing markets. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.

Monthly Cost Estimate

$1,171/mo

20% down · 6.5% · 30 years

Principal$158
Interest$949
Insurance$64

Estimates only. Actual payments may vary.

Location

637 & 639 Ethel St #2

Douglas, GA 31533

Property Details

Construction

Vinyl Siding

Heating

Central

Cooling

ElectricCentral Air

Questions & Answers

This 9-bedroom, 5-bathroom residential multi family at 637 & 639 Ethel St is listed at $219,000 ($80/sqft). The estimated monthly payment is $1,171 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.30 acre lot.

This property is listed by Caleb Ross.

CR

Caleb Ross

Agent at Canopy Realty Group

Listed by Canopy Realty Group · Broker phone: (229) 630-2400 · View on Broker Site · Broker website

MLS# 153887· Source: South Georgia MLS (Valdosta)· 146 days on PropertySimple

Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

637 & 639 Ethel St #2, Douglas, GA 31533

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