Property photo 1
Property photo 2
9 Beds
5 Baths
2,750 sqft

$219,000

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

Price per sqft$79.64
Property size2,750 sqft
Property typeMulti-family

Overview

Active

Listed Jun 3, 2026

Updated 4 weeks ago

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.

$1,457/mo

Est. mortgage payment based on a $219,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
153887

Interior Features

Bedrooms
9
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.3 Acres

Other Property Details

Taxes
$797
Tax Frequency
Annually
55+/Senior Community
No

Listed by Caleb Ross with Canopy Realty Group
Listing Contact: 904-400-2069 
Based on information from Valdosta Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rachelle Anderson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 
©2026 Valdosta Board of REALTORS®. All rights reserved.
Data last updated 9/23/2026

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