Multifamily Apartment Community with
For Sale
Contact for pricing
Pending
2275 Gray Hwy, Macon, GA 31211
Built in 1971, this 241-unit community includes more than 100 townhome units.
Property SizeContact for details
Days on Market131
Property Features for 2275 Gray Hwy
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
50%
Additional Details
Multifamily Units
241
Building Details
Year Built
1971
Listing Agency:
Berkadia Commercial Mortgage Atlanta
Listed By:
Ian Shaw · License #GA 389665
Source:
Crexi
Added: Apr 24
Changed: Aug 26
Last Checked: Aug 30 at 8:03PM
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 Berkadia Commercial Mortgage Atlanta
Investment Insights
Based on property information with market context.
Grey Parc of Macon is a multifamily apartment community built in 1971 with 241 units. Approximately 80% of the units are 2-, 3-, or 4-bedroom layouts, with an average unit size close to 1,200 square feet. The property also includes over 100 townhome units. Current occupancy is stated at 50%, and the remarks indicate that stabilizing occupancy to 83% economic occupancy using in-place rents would result in an 8% cap rate.
The property is located in Northeast Macon, off Gray Hwy, at 2275 Gray Hwy, Macon, GA 31211. Average in-place rents are reported as under $0.79/sf. The listing notes that due diligence documents are available through the Due Diligence Link and directs interested parties to the property website for additional details and the Doc Center.
The property is located in Northeast Macon, off Gray Hwy, at 2275 Gray Hwy, Macon, GA 31211. Average in-place rents are reported as under $0.79/sf. The listing notes that due diligence documents are available through the Due Diligence Link and directs interested parties to the property website for additional details and the Doc Center.
Key Highlights
- 241‑unit multifamily community built in 1971 in Northeast Macon (off Gray Hwy)
- Includes over 100 townhome units
- Unit mix: 80% of units are 2-, 3-, or 4‑bedroom
Property Analytics
Property Profile
Current Use
Lease Details
241
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 31211, GA
15,867
Population
7,736
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
88%
High-School Grad
44.3 sq mi
ZIP Area
358
Density / Sq Mi
$51,595
Median Household Income
$35,525
Median Earnings
$918
Median Rent
$159,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1971, this 241-unit community includes more than 100 townhome units.
Where is this apartment building located?
The property is located at 2275 Gray Hwy Macon, GA.
What are key features of this property?
This property features: 241‑unit multifamily community built in 1971 in Northeast Macon (off Gray Hwy); Includes over 100 townhome units; Unit mix: 80% of units are 2-, 3-, or 4‑bedroom
