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Improved Residential Land for Sale in Moultrie, Georgia

700 1st St, Moultrie, GA 31768

$2,195,000
1.75 acres
Active sale
ago
Est $11,429/mo

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.

23,916
Sq feet

Location

Street address
700 1st St
Community
Moultrie
Elevation
322 feet
Coordinates
31.1864, -83.7872

Property details

Acreage
1.75 acres
Zoning
R-3
MLS #
VMLS 153644
Posted

Property taxes

2025
$10,806

Parcels

  • multi

Legal description

Details and features

Listing

Type
Residential Multi Family

Exterior

Features
None

Structure

Stories
2
Heating
Central
Cooling
Central Air
Materials
Brick, Brick Veneer, Frame, Vinyl Siding
Roof
Metal

Interior

Features
Ceiling Fan(s)

Listing history

DateEventPriceChangeSource
May 12, 2026New listing$2,195,000VMLS
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This 1.75-acre property is located at 700 1st St in Moultrie, GA 31768. The property is available for sale for $2,195,000. It has a 23,916 sq ft structure.

Listed by Coldwell Banker Premier Real E, (229) 244-3535

Checked 1 hour agoUpdated Source

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