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    Renovated Multi-Family Residence Title is generated by Realmo AI

    1282 Courtland Avenue, Macon, GA 31204

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    For Sale
    $170,000

    MULTI_FAMILY - Macon, GA

    Lot size:
    0.23 Acres
    Added:
    Dec 11, 2025
    Days on Market:
    174
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 1282 Courtland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    APN
    O0740505
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    1092

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    1
    Building materials
    Brick, Wood Siding

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    Listing Contact
    Dailan A Hughes

    Listing agent Dailan A Hughes License #378710

    Listing office Keller Williams Middle Georgia 4851 Russell Pkwy, Suite 800, Warner Robins, GA

    Listing date Dec 11, 2025

    MLS# 10661089 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Tenant‑occupied rental currently at $1,500/month with tenants who intend to stay long term
    • Renovated 1900s home with 4 bedrooms and 4 baths, combining historic materials (brick and wood siding) with modern updates
    • Major system updates include electrical, HVAC, water heater, kitchen, and all bathrooms
    • Upstairs finished level includes an oversized bedroom, walk‑in closet, spa‑like bathroom, and a full kitchenette
    • Central heating and central air, plus public water and public sewer
    • Off‑street parking, expansive front porch, and a massive fully fenced backyard

    Overview

    This renovated 1900s multi-family residence offers a total of 4 bedrooms and 4 bathrooms, with major systems updated for a more reliable ownership experience. The home includes refreshed electrical, HVAC, water heater, kitchen, and all bathrooms. An upstairs level has been finished to function as a dedicated retreat, featuring an oversized bedroom, walk-in closet, spa-like bathroom, and a full kitchenette.

    Located at 1282 Courtland Avenue in Macon, the property is described as being just minutes from downtown Macon, Mercer University, Atrium Health Navicent, and the new Macon Amphitheater. The listing notes the home is currently occupied and income producing.

    For tenants or owners seeking a turn-key, lower-maintenance setup, the combination of updated mechanicals and interior finishes supports straightforward day-to-day management. The exterior amenities include an expansive front porch and a fully fenced backyard that provides space for outdoor use. The home is reported as currently occupied by tenants who intend to be long term, paying $1,500 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.663793
    Latitude
    32.833803

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    FAQs

    What type of property is this?
    Single family property - Renovated multi-family home with updated major systems, finished upstairs suite, and a fully fenced backyard.
    Where is this single family property located?
    The property is located at 1282 Courtland Avenue Macon, GA.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Tenant‑occupied rental currently at $1,500/month with tenants who intend to stay long term; Renovated 1900s home with 4 bedrooms and 4 baths, combining historic materials (brick and wood siding) with modern updates; Major system updates include electrical, HVAC, water heater, kitchen, and all bathrooms
    (478) 390-4773
    We can help!
    Listing Contact
    Dailan A Hughes
    Real Estate License ID: 378710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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