Excellent investment opportunity with immediate income potential! This tenant-occupied property is located on Martin Luther King Jr. Drive and includes a bonus adjacent lot, offering additional value and long-term upside.
The home features a functional layout with solid structure and room for improvements, making it ideal for investors looking to add value and increase returns over time.
Currently tenant-occupied and generating income, providing instant cash flow from day one. Lease terms available upon request.
The included bonus lot creates multiple exit strategies—expand the existing home, build an additional unit (buyer to verify), hold for appreciation, or enhance overall property value.
Conveniently located near schools, shopping, and downtown Waycross, this property is well-positioned for both rental demand and future growth.
Sold as-is. Great opportunity for investors seeking cash flow, land, and upside potential in one package!
For sale
Price cut: $4.9K (5/1)
$115,000
1227 Martin Luther King Dr, Waycross, GA 31501
3beds
1,033sqft
Est.:
Single Family Residence
Built in 2018
0.3 Acres Lot
$-- Zestimate®
$111/sqft
$-- HOA
What's special
- 23 days |
- 214 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Crystal Wright 904-990-4454,
Honeyland Properties
Source: Scout MLS,MLS#: 1661113Originating MLS: Golden Isles Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total interior livable area: 1,033 sqft
Video & virtual tour
Property
Lot
- Size: 0.3 Acres
Details
- Additional parcels included: WA0713 061
- Parcel number: WA0713 063
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2018
Community & HOA
Community
- Subdivision: No Recorded Subdivision
Location
- Region: Waycross
Financial & listing details
- Price per square foot: $111/sqft
- Tax assessed value: $63,909
- Annual tax amount: $864
- Date on market: 4/3/2026
- Cumulative days on market: 28 days
Estimated market value
Not available
Estimated sales range
Not available
$1,282/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Price change | $115,000-4.1%$111/sqft |
Source: | ||
| 4/8/2026 | Listed for sale | $119,900$116/sqft |
Source: Scout MLS #1661113 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $864 +2.2% | $25,564 +4.3% |
| 2024 | $845 +90.3% | $24,512 +120.2% |
| 2023 | $444 +0.1% | $11,130 |
| 2022 | $444 +14.2% | $11,130 +23.8% |
| 2021 | $388 -0.6% | $8,990 +1.7% |
| 2020 | $391 +5.1% | $8,836 +6.1% |
| 2019 | $372 +5.3% | $8,327 +3.1% |
| 2018 | $353 +0.2% | $8,077 |
| 2017 | $352 | $8,077 |
| 2016 | $352 | $8,077 +0% |
| 2015 | $352 -0.7% | $8,076 -6% |
| 2014 | $355 -5.9% | $8,590 +0% |
| 2013 | $377 | $8,589 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | $9,042 |
| 2008 | -- | $9,042 |
| 2007 | -- | $9,042 +24.6% |
| 2006 | -- | $7,258 |
| 2005 | -- | $7,258 |
| 2004 | -- | $7,258 +33.1% |
| 2003 | -- | $5,455 |
| 2002 | -- | $5,455 |
| 2001 | -- | $5,455 |
| 2000 | -- | $5,455 |
| 1999 | -- | $5,455 |
Find assessor info on the county website
Climate risks
Neighborhood: 31501
Nearby schools
GreatSchools rating
- 4/10Wacona Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Ware County Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Ware County High SchoolGrades: 9-12Distance: 2.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Ware County
- Waycross
- 31501
- 1227 Martin Luther King Dr





