6 BRAND-NEW MULTIFAMILY UNITS | 18 BEDROOMS | $151,200 PROJECTED ANNUAL GROSS RENTAL INCOME | $979,000 ASKING PRICE! An exceptional new constructioninvestment opportunity in Fort Valley, Georgia! Discover 619 Elberta Street, a six-unit multifamily property designed for flexible rental strategies, with an estimated completion date of December 15, 2026. Offered at $979,000, approximately $121,000 below its reported $1.1 million desktop appraisal, this property offers investors an opportunity to acquire six newly constructed units in one transaction. SIX UNITS. EIGHTEEN BEDROOMS. EIGHTEEN BATHROOMS. Each unit features a spacious 3-bedroom, 3-bathroom floor plan with granite countertops, stainless steel appliances, luxury vinyl plank flooring, open-concept living areas, modern finishes, and central heating and cooling. The property also offers nine parking spaces. INVEST IN A REGION ATTRACTING MAJOR ECONOMIC DEVELOPMENT! Peach County is the focus of approximately $4.3 billion in announced manufacturing investments, including Blue Bird Corporation's $300 million Fort Valley expansion and Audi's planned $4 billion Middle Georgia manufacturing facility. Together, these announcements represent approximately 4,875 planned jobs, creating potential future opportunities for local rental housing demand. Job creation, project timelines, and rental demand are not guaranteed. TWO WAYS TO PURCHASE! Option 1: Purchase vacant and unfurnished, giving you the flexibility to establish your own leasing and management strategy. Option 2: Explore an optional furnished student-housing investment package with tenant placement services available for an additional fee. Student occupancy is targeted for January 31, 2027, subject to leasing activity, executed agreements, and tenant availability. Neither occupancy nor rental income is guaranteed. INVESTMENT POTENTIAL: At a projected $700 per bedroom per month, the property offers $12,600 in potential monthly gross rental income and $151,200 annually at full occupancy, before vacancy and operating expenses. This equates to a 15.44% gross scheduled income yield based on the asking price, not a cap rate. A projected financial package and pro forma are available for qualified buyers. Ideal for investors evaluating multifamily portfolio expansion, student housing, workforce rental opportunities, or a potential 1031 exchange. Located in the Fort Valley market near Fort Valley State University. Cash and conventional financing considered. DSCR financing may be available subject to lender approval. Buyers should consult their tax professionals regarding potential year-end acquisition and depreciation strategies. NEW CONSTRUCTION. SIX INCOME-PRODUCING UNITS. ONE INVESTMENT OPPORTUNITY. Schedule your private showing and request the investor financial package today!
Multi-familyProperty Type
2026Year Built
0.37 acresLot Size
9 spacesParking
Listed by Elle McGhee• Keller Williams Realty West Atlanta
6 BRAND-NEW MULTIFAMILY UNITS 18 BEDROOMS $151,200 PROJECTED ANNUAL GROSS RENTAL INCOME $979,000 ASKING PRICE! An exceptional new construction investment opportunity in Fort Valley, Georgia! Discover 619 Elberta Street, a six-unit multifamily property designed for flexible rental strategies, with an estimated completion date of December 15, 2026. Offered at $979,000, approximately $121,000 below its reported $1.1 million desktop appraisal, this property offers investors an opportunity to acquire six newly constructed units in one transaction. SIX UNITS. EIGHTEEN BEDROOMS. EIGHTEEN BATHROOMS. Each unit features a spacious 3-bedroom, 3-bathroom floor plan with granite countertops, stainless steel appliances, luxury vinyl plank flooring, open-concept living areas, modern finishes, and central heating and cooling. The property also offers nine parking spaces. INVEST IN A REGION ATTRACTING MAJOR ECONOMIC DEVELOPMENT! Peach County is the focus of approximately $4.3 billion in announced manufacturing investments, including Blue Bird Corporation's $300 million Fort Valley expansion and Audi's planned $4 billion Middle Georgia manufacturing facility. Together, these announcements represent approximately 4,875 planned jobs, creating potential future opportunities for local rental housing demand. Job creation, project timelines, and rental demand are not guaranteed. TWO WAYS TO PURCHASE! Option 1: Purchase vacant and unfurnished, giving you the flexibility to establish your own leasing and management strategy. Option 2: Explore an optional furnished student-housing investment package with tenant placement services available for an additional fee. Student occupancy is targeted for January 31, 2027, subject to leasing activity, executed agreements, and tenant availability. Neither occupancy nor rental income is guaranteed. INVESTMENT POTENTIAL: At a projected $700 per bedroom per month, the property offers $12,600 in potential monthly gross rental income and $151,200 annually at full occupancy, before vacancy and operating expenses. This equates to a 15.44% gross scheduled income yield based on the asking price, not a cap rate. A projected financial package and pro forma are available for qualified buyers. Ideal for investors evaluating multifamily portfolio expansion, student housing, workforce rental opportunities, or a potential 1031 exchange. Located in the Fort Valley market near Fort Valley State University. Cash and conventional financing considered. DSCR financing may be available subject to lender approval. Buyers should consult their tax professionals regarding potential year-end acquisition and depreciation strategies. NEW CONSTRUCTION. SIX INCOME-PRODUCING UNITS. ONE INVESTMENT OPPORTUNITY. Schedule your private showing and request the investor financial package today!
GAMLS #10851083
Oct 30, 2026
Listing Removed
—
Sep 22, 2026
Listed
$1,100,000
Public Records
Jan 2, 2025
Sold
$15,000
Year
Property tax
Land + Additions
Assessment*
2025
$351 (−3.4%)
$1,760 + $6,240
$8,000
2024
$363 (+115.3%)
$1,680 + $5,720
$7,400
2023
$169 (−42.5%)
$1,720 + $5,840
$7,560
2022
$294 (−0.3%)
$1,400 + $4,920
$6,320
2021
$294 (−11.1%)
$1,400 + $4,600
$6,000
2020
$331 (−0.3%)
$1,400 + $3,800
$5,200
2019
$332 (−0.3%)
$1,400 + $5,760
$7,160
2018
$333 (+6.9%)
$1,400 + $5,760
$7,160
2017
$312 (−9.1%)
$1,400 + $5,760
$7,160
2016
$343 (−0.3%)
$1,400 + $5,760
$7,160
2014
$344 (+2.1%)
$1,400 + $6,520
$7,920
2013
$337
$1,400 + $6,520
$7,920
Public record
Beds
2
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
150 ft.
Lot size
7,405 Sq. Ft.
Year renovated
1968
Finished Sq. Ft.
804
Unfinished Sq. Ft.
—
Total Sq. Ft.
804
Year built
1920
Style
Single Family Residential
County
Peach County
APN
F05A 040
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 31, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 107° expected this year, 18 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fort Valley, GA • 31030
Average low and high temperatures (°F)
55
34
64
43
72
49
79
56
81
62
87
69
91
73
84
70
85
64
74
55
70
48
59
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Fort Valley. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 619 Elberta St
There isn’t enough information to generate an accurate estimate at this time. Learn More