1702 Albany Ave Waycross, GA 31503
Estimated payment $945/month
About This Home
Prime Investment Opportunity - Income-Producing Triplex with Expansion Potential! Discover a chance to own a high-performing multi-family triplex. Whether you're expanding your portfolio or stepping into your first investment property, this asset checks the right boxes for steady cash flow and long-term upside. Each unit is 1 bed, 1 bath, with a Kitchen, Living Room and separate entries for each. But even better-the lot offers the potential to be subdivided into a separate address, opening the door to build an additional home for extra rental income. With guidance from a civil engineer or surveyor to confirm setbacks, investors can unlock significant added value. This property is serviced by public water and sewer, a major advantage for low-maintenance ownership and future development. Tenants enjoy the convenience of all utilities included in rent, and a full expense spreadsheet is available, providing transparency and confidence for any buyer evaluating returns. This multifamily unit is perfect for buy-and-hold investors, long-term planners, or anyone seeking strong cash flow with room to grow. Contact your agent for showing instructions today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,100
Year Built
- Built in 1930
Lot Details
- 0.87 Acre Lot
Home Design
- 1,912 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number 055B 118
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,100 | $43,593 | $7,830 | $35,763 |
| 2023 | $1,122 | $24,432 | $3,758 | $20,674 |
| 2022 | $705 | $24,432 | $3,758 | $20,674 |
| 2021 | $605 | $19,285 | $3,758 | $15,527 |
| 2020 | $592 | $18,673 | $3,758 | $14,915 |
| 2019 | $588 | $18,184 | $3,758 | $14,426 |
| 2018 | $597 | $18,277 | $3,758 | $14,519 |
| 2017 | $601 | $18,277 | $3,758 | $14,519 |
| 2016 | $601 | $18,277 | $3,758 | $14,519 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2025 11/25/25 | For Sale | $162,000 | +105.1% | $85 / Sq Ft | |
| 08/04/2025 08/04/25 | Sold | $79,000 | -12.1% | $41 / Sq Ft | View Prior Sale |
| 07/29/2025 07/29/25 | Pending | -- | -- | -- | |
| 07/21/2025 07/21/25 | For Sale | $89,900 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $79,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $55,000 | -- | |
| Warranty Deed | -- | -- |
Source: Golden Isles Association of REALTORS®
MLS Number: 1658208
APN: 055B-118
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