Sign Up Successful!
You now have access to more from Realmo!
    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

    571-585 Green Pl Macon, GA 31217

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    Portfolio of four duplexes with expansion potential in Macon, GA.

    Property size:
    6,880 SF
    Lot size:
    3.38 Acres

    Property Features for 571-585 Green Pl

    General Information

    Size
    6,880 SF
    Lot size
    3.38 Acres

    We can help!

    Listing Contact
    Brice Burns
    Source: Moodyscre

    Listing Agent: Brice Burns

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multifamily Investment Opportunity in Macon

    This offering comprises four duplexes situated on land zoned R-2, presenting opportunities for expansion. The portfolio includes a total of 8 units, each featuring 2 bedrooms and 1 full bathroom. Currently, 7 out of the 8 units are occupied, with all occupied units leased under the Housing Choice Voucher (HCV) Program. The single vacant unit has new flooring installed and requires minor installations such as doors and fixtures, which are included in the sale. Each unit is equipped with washer and dryer hookups. The property also features security cameras, a communal garbage dumpster, exterior lighting, and ample off-street parking. The property size is 6,880 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6144666
    Latitude
    32.8565173

    Nearby Similar for Sale

    • $950,000
      Pending

      Sprawling Church Campus For Sale

      Large church campus with sanctuary, classrooms, gymnasium, and offices.
      2270 Shurling Dr, Macon, GA 31211
      View Details
    • New
      $775,000
      2.38 Acres

      Macon Multifamily Investment Opportunity

      Multifamily complex in East Macon with Jones County schools.
      240 Neptune Ct, Macon, GA 31211
      View Details
    • $259,000
      0.17 Acres

      Multifamily Investment Opportunity in Macon

      Multifamily parcel with two detached properties and covered carport.
      2696 Suwanee Ave, Macon, GA 31204
      View Details
    • $259,000
      0.17 Acres

      Multifamily Parcel in Macon, Georgia

      Multifamily parcel with two detached properties and shared carport.
      2696 Suwanee Ave, Macon, GA 31204
      View Details
    • $285,000
      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
    • $275,000

      Macon Church Property For Sale

      Spacious church in Macon, GA with sanctuary, offices, and classrooms.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $599,000
      2.61 Acres

      Macon Commercial Opportunity

      Commercial building suitable for daycare, senior facility, school, or office.
      4433 Roundfield Rd, Macon, GA 31210
      View Details
    • $425,000
      0.32 Acres

      Macon Multifamily Investment Opportunity

      Turn-key investment: duplex and single-family home package.
      912 Thomas St, Macon, GA 31206
      View Details
    • $425,000
      0.34 Acres

      Macon Multifamily Investment Opportunity

      Turn-key investment: three duplexes and one single-family home.
      4409 Mikado Ave, Macon, GA 31206
      View Details
    • $195,000
      0.25 Acres

      Historic Duplex in Napier Heights

      Charming 1900s duplex near Mercer University with strong rental income.
      2534 Napier Ave, Macon, GA 31204
      View Details
    • $159,000
      0.23 Acres

      Macon Commercial/Industrial Opportunity

      High visibility commercial property with ample parking in Macon, GA.
      3192 Vineville Ave, Macon, GA 31204
      View Details
    • New
      Contact for pricing
      0.07 Acres

      Macon Multifamily Property For Sale

      Multifamily property in Macon, Georgia, sold in As-Is condition.
      75 Short Street Cir, Macon, GA 31204
      View Details

    FAQs

    What type of property is this?
    Duplex - Portfolio of four duplexes with expansion potential in Macon, GA.
    Where is this duplex located?
    The property is located at 571-585 Green Pl Macon, GA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Four duplexes with land zoned R-2 for expansion; - 8 total units providing a substantial rental income stream; - **7 out of 8 units are currently occupied, ensuring immediate cash flow**
    (404) 876-1640
    Request Owner's contact information
    571-585 Green Pl 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.
    571-585 Green Pl
    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
    571-585 Green Pl 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
    Brice Burns
    Real Estate License ID: GA 417450
    (404) 876-1640
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.