Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    390 Cowan St Macon, GA 31217

    View on Map
    Sponsored
    Picture of Triplexes at Cowan St 390, Macon, GA
    For Sale
    $285,000

    MULTI_FAMILY - Macon, GA

    Property size:
    3,498 SF
    Lot size:
    0.25 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 22 at 11:06 pm

    Property Features for 390 Cowan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    R0720122
    Parking
    1
    Parking features
    Parking Lot
    Size
    3,498 SF
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Brick, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Sherita Sims Jones

    Virtual Properties Realty

    Listing agent Sherita Sims Jones

    Listing date Mar 13, 2026

    MLS# 7713318 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Macon Triplex Townhome For Sale

    This triplex townhome is located in Macon, GA. The property consists of two units with 2 bedrooms and 1.5 bathrooms each, and one unit with 3 bedrooms and 1.5 bathrooms. All three units are tenant-occupied, generating monthly rents of $950, $800, and $900, respectively. The overall building square footage is 3,498. The lot size is 0.25 acres. This property is being sold AS IS. The seller prefers to sell this property together with another triplex townhome at 378 Cowan and duplexes at 1156 Triple Hill, offering an opportunity to boost an investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -83.617979
    Latitude
    32.851264

    Nearby Similar for Sale

    • New
      $505,000
      2,809 SF

      Turnkey Auto Repair Business

      Fully equipped auto repair business on Houston Avenue in Macon.
      2644 Houston Ave, Macon, GA 31206
      View Details
    • $995,000
      7,480 SF

      Macon Commercial Building Opportunity

      7,480 SF building in a rapidly developing area.
      2080 Bowman Park, Macon, GA 31210
      View Details
    • $95,500
      2,934 SF

      Versatile Commercial Building Near Mercer

      Adaptable 2,934 SF building suitable for retail, warehouse, or housing.
      3017 Columbus Rd, Macon, GA 31204
      View Details
    • $250,000
      0.28 Acres

      Historic Macon Building with Versatility

      Versatile building near Mercer University, hospitals, downtown, and highways.
      1825 Hardeman Ave, Macon, GA 31201
      View Details
    • $550,000
      2.61 Acres

      Macon Commercial Opportunity

      Commercial building suitable for daycare, senior facility, school, or office.
      4433 Roundfield Rd, Macon, GA 31210
      View Details
    • New
      $190,000
      1,635 SF

      Renovated Property with Commercial Potential

      Meticulously renovated property with commercial or mixed-use potential.
      3483 Napier Ave, Macon, GA 31204
      View Details
    • $450,000
      33.71 Acres

      33+ Acre Memorial Gardens Property

      Large state-approved cemetery with expansion potential in Middle Georgia.
      8570 Eisenhower Pkwy, Lizella, GA 31052
      View Details
    • $158,000
      0.23 Acres

      Macon Commercial Opportunity For Sale

      Commercial property with high visibility and ample parking in Macon.
      3192 Vineville Ave, Macon, GA 31204
      View Details
    • $280,000
      3,792 SF

      Macon Church Property For Sale

      Spacious church property in Macon, GA, ideal for ministry.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $280,000
      3,792 SF

      Macon Church Property For Sale

      Spacious church in Macon, GA with sanctuary, offices, classrooms.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $216,000
      3,313 SF

      Macon Place of Worship For Sale

      Place of worship with sanctuary, hall, and kitchen on 0.82 acres.
      3592 Log Cabin Dr, Macon, GA 31204
      View Details
    • $399,000
      700 SF

      Duplex Investment Opportunity in Macon

      Turn-key duplex with tenants in place, part of package deal.
      4409 Mikado Ave, Macon, GA 31206
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex townhome in Macon, GA, generating rental income.
    Where is this triplex located?
    The property is located at 390 Cowan St Macon, GA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Triplex townhome with existing tenants; - Three units: two with 2 beds/1.5 baths, one with 3 beds/1.5 baths; - $2,650 current monthly rental income
    (478) 352-1159
    Request Owner's contact information
    390 Cowan St Macon, GA 31217
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    390 Cowan St
    Macon, GA 31217
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    390 Cowan St Macon, GA 31217
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sherita Sims Jones
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!