Multifamily Income
For Sale
$1,099,000
1740 Schofield St, Macon, GA 31201
For-sale multifamily income property located on Schofield Street in Macon, GA.
Property Size10,368 SF
Price / SF$105
Days on Market41
Property Features for 1740 Schofield St
General Information
Standard status
Active
Size
10,368 SF
Property subtype
Multi-Family
Lease Type
NNN
Lease Terms
Lease Term
60 months
Flexible Term
Yes
Additional Details
Furnished
Yes
Drive-In Doors
2
Amenities
fitness center
tenant lounge
conference room
rooftop deck
3
Yes
Building Details
Stories
4
Construction
brick & beam
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY MIDDLE GEORGIA
(478) 333-5050
Listed By:
Dorey Hawkins · License #412329
Source:
Xome
Added: Jul 3
Changed: Aug 12
Last Checked: Aug 12 at 3:29AM
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 KELLER WILLIAMS REALTY MIDDLE GEORGIA
Investment Insights
Based on property information with market context.
This for-sale residential income property is classified as a multifamily asset, listed under other multifamily properties and residential income properties. The offering is presented with a total property size of 10,368 square feet and a list price of $1,099,000.
The property is located at 1740 Schofield Street in Macon, Georgia 31201. For prospective buyers and brokers, this listing may appeal as an income-oriented multifamily holding based on its stated property classification and established commercial real estate framework.
The property is located at 1740 Schofield Street in Macon, Georgia 31201. For prospective buyers and brokers, this listing may appeal as an income-oriented multifamily holding based on its stated property classification and established commercial real estate framework.
Key Highlights
- For‑sale multifamily income property on Schofield Street in Macon, GA
- 3 guest facilities
- Lot dimensions information available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,097
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,940
$1.7M
Cap Rate 7%
$1,229,957
$1.2M
Cap Rate 9%
$956,633
$956.6K
Market Conditions
NOI Build-Up for 10,368 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$168.0K $16.20/SF
− Vacancy
−$11.4K −$1.10/SF
EGI
$156.5K $15.10/SF
− OpEx
−$70.4K −$6.79/SF
NOI
$86.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,940
Cap Rate 7%
$1,229,957
Cap Rate 9%
$956,633
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,097 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.98M
$1.74M – $2.31M
NOI $138,848 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
385
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For-sale multifamily income property located on Schofield Street in Macon, GA.
Where is this multifamily property located?
The property is located at 1740 Schofield St Macon, GA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: For‑sale multifamily income property on Schofield Street in Macon, GA; 3 guest facilities; Lot dimensions information available
