Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5

$979,000

619 Elberta Street, Fort Valley GA, 31030

Price per sqftN/A
Built in2026
Property typeMulti-family

Overview

Active

New

Listed Nov 7, 2026

Updated 5h ago

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!

$6,513/mo

Est. mortgage payment based on a $979,000 home price.

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

Additional information

MLS® ID
10887067

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.37 Acres

Other Property Details

Taxes
$4,500
Tax Frequency
Annually
Association Fee Frequency
Yearly
Garage
Yes
New Construction
Yes

Listed with Keller Williams West Atlanta

Based on information from Georgia MLS as of 11/8/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 1:17 PM UTC, 11/8/2026

Return to homepage.

Powered by Luxury Presence