Downtown Macon Multifamily
For Sale
$190,000
1235 Walnut Street, Macon, GA 31201
Multifamily properties in downtown Macon, Georgia. Price reduced.
Property Size1,989 SF
Days on Market229
Property Features for 1235 Walnut Street
General Information
Standard status
Active
Size
1,989 SF
Property subtype
Office
Building Details
Building Size
1,989 SF
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
Listed By:
Deidra Stewart · License #351121
(478) 746-8171
Source:
Cbcworldwide
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 19 at 3:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Eberhardt & Barry
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in downtown Macon, Bibb County, Georgia, these multifamily properties are available for purchase. Note that the properties may be purchased separately. The seller is motivated.
Key Highlights
- Downtown Macon location
- Price Reduced
- Motivated Seller
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,517
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,340
$330.3K
Cap Rate 7%
$235,957
$236.0K
Cap Rate 9%
$183,522
$183.5K
Market Conditions
NOI Build-Up for 1,989 SF
Gross rent
$32.2K $16.20/SF
− Vacancy
−$2.2K −$1.10/SF
EGI
$30.0K $15.10/SF
− OpEx
−$13.5K −$6.79/SF
NOI
$16.5K $8.30/SF
Area
Macon, GA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,340
Cap Rate 7%
$235,957
Cap Rate 9%
$183,522
Alternative Uses
Best Use
Apartment 5plus
$236.0K
$206.5K – $275.3K
NOI $16,517 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$380.5K
$333.0K – $444.0K
NOI $26,637 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily properties in downtown Macon, Georgia. Price reduced.
Where is this multifamily property located?
The property is located at 1235 Walnut Street Macon, GA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Downtown Macon location; Price Reduced; Motivated Seller
