All-Brick Duplex Apartment
1740 Schofield Street Macon, GA 31201
New
For Sale
$1,099,000
COMMERCIAL - Macon, GA
Property Size10,368 SF
Lot Size0.99 Acres
Price / SF$105
Days on Market1
Property Features for 1740 Schofield Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-3
- Standard status
- Active
- Size
- 10,368 SF
- Lot size
- 0.99 Acres
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Listing Agency:
KELLER WILLIAMS REALTY MIDDLE GEORGIA
(478) 333-5050
Listed By:
Dorey Hawkins · License #412329
(678) 468-7855
Added: Jul 23
Last Checked: Jul 23 at 7:06PM
MLS# 264464
Copyright © 2026 Central Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This portfolio consists of eight all-brick duplex buildings totaling 16 units. Each unit features two bedrooms and one bathroom and has been completely remodeled, with durable luxury vinyl plank (LVP) flooring and fresh paint. Major improvements noted in the listing include brand-new metal roofs, central heating and air, and new water heaters.
The property is located at 1740 Schofield Street in Macon, Georgia (Bibb County), in an R-3 zoning district. The listing describes the setting as secluded yet conveniently located, just minutes from downtown.
According to the provided remarks, the estimated rental income is $800 per unit per month, equating to an approximate 8.4% cap rate. The total property size is listed as 10,368 square feet on 0.9901 acres.
The property is located at 1740 Schofield Street in Macon, Georgia (Bibb County), in an R-3 zoning district. The listing describes the setting as secluded yet conveniently located, just minutes from downtown.
According to the provided remarks, the estimated rental income is $800 per unit per month, equating to an approximate 8.4% cap rate. The total property size is listed as 10,368 square feet on 0.9901 acres.
Key Highlights
- 8 all‑brick duplex buildings totaling 16 units, each with 2 bedrooms and 1 bathroom
- Each unit has been completely remodeled with quality finishes, including luxury vinyl plank (LVP) flooring and fresh paint
- Major updates include brand‑new metal roofs, central heating and air, and new water heaters
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.0k | $16.20 |
| − Vacancy | −$11.4k | −$1.10 |
| EGI | $156.5k | $15.10 |
| − OpEx | −$70.4k | −$6.79 |
| NOI | $86.1k | $8.30 |
10,368 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Eight all-brick duplex buildings totaling 16 units, each remodeled with central heating and air.
Where is this apartment building located?
The property is located at 1740 Schofield Street 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: 8 all‑brick duplex buildings totaling 16 units, each with 2 bedrooms and 1 bathroom; Each unit has been completely remodeled with quality finishes, including luxury vinyl plank (LVP) flooring and fresh paint; Major updates include brand‑new metal roofs, central heating and air, and new water heaters
