Remodeled 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 Market6
Property Features for 1740 Schofield Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- Q0710638
- Size
- 10,368 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 421
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Brick
- Roof type
- Metal
Listing Agency:
Keller Williams Middle Georgia
(478) 333-5050
Listed By:
Dorey Hawkins · License #412329
(678) 468-7855
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 26 at 7:06PM
MLS# 10811502
Copyright © 2026 Georgia Multiple Listing Service. 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 property consists of eight all-brick duplex buildings totaling 16 units. Each unit features two bedrooms and one bathroom. The interior has been completely remodeled with new flooring and fresh paint, along with updated layouts and finish selections.
Significant improvements include brand-new metal roofs, central heating and air, and new water heaters across the buildings. The community is described as secluded yet conveniently located, with quick access to downtown.
At just under an acre, this income property is being offered for sale and presents a turnkey configuration through its recent renovations and major system upgrades.
Significant improvements include brand-new metal roofs, central heating and air, and new water heaters across the buildings. The community is described as secluded yet conveniently located, with quick access to downtown.
At just under an acre, this income property is being offered for sale and presents a turnkey configuration through its recent renovations and major system upgrades.
Key Highlights
- 8 all‑brick duplex buildings with 16 total units; each unit features 2 bedrooms and 1 bathroom
- All units have been completely remodeled with LVP flooring and fresh paint
- Major updates include brand‑new metal roofs, central heating and central air, and new water heaters
Financial Insights For Multifamily LT 5
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 | $143.1k | $13.80 |
| − Vacancy | −$9.2k | −$0.89 |
| EGI | $133.8k | $12.91 |
| − OpEx | −$40.2k | −$3.87 |
| NOI | $93.7k | $9.04 |
10,368 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,685 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,097 @ 7.0% cap · market cap 7.83%
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
Duplexes
FAQs
What type of property is this?
Duplex - Eight all-brick duplex buildings totaling 16 units are fully remodeled with new roofs, HVAC, and water heaters.
Where is this duplex 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 with 16 total units; each unit features 2 bedrooms and 1 bathroom; All units have been completely remodeled with LVP flooring and fresh paint; Major updates include brand‑new metal roofs, central heating and central air, and new water heaters
