New
For Sale
$125,000
2-2979 Mercer University Dr, Macon, GA 31201
Both residential units are currently leased to tenants.
Property Size1,250 SF
Price / SF$100
Days on Market7
Property Features for 2-2979 Mercer University Dr
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$18,000
Multifamily Units
2
Listing Agency:
Akridge Realty, Inc.
(478) 788-0620
Listed By:
Rufus Akridge · License #121164
(478) 747-5798
Source:
Exprealty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:41PM
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 Akridge Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,250-square-foot duplex contains two residential units, and both are currently rented. A survey was completed on 04/14/2026. The property has a shared driveway easement between Lot D at 2979 Mercer University Drive and Lot C at 2985 Mercer University Drive.
Mercer University College and the former Macon Mall are each less than 2 miles away.
Mercer University College and the former Macon Mall are each less than 2 miles away.
Key Highlights
- Two residential units, both currently rented
- Property size: 1,250 square feet
- Survey completed on 04/14/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,295
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,900
$225.9K
Cap Rate 7%
$161,357
$161.4K
Cap Rate 9%
$125,500
$125.5K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$16.1K $12.91/SF
− OpEx
−$4.8K −$3.87/SF
NOI
$11.3K $9.04/SF
Area
Macon, GA
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,900
Cap Rate 7%
$161,357
Cap Rate 9%
$125,500
Alternative Uses
Best Use
Multifamily LT 5
$161.4K
$141.2K – $188.3K
NOI $11,295 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$148.3K
$129.8K – $173.0K
NOI $10,380 @ 7.0% cap · market cap 8.30%
Theoretical Best
Healthcare Medical
$239.1K
$209.3K – $279.0K
NOI $16,740 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
63
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are currently leased to tenants.
Where is this duplex located?
The property is located at 2-2979 Mercer University Dr Macon, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two residential units, both currently rented; Property size: 1,250 square feet; Survey completed on 04/14/2026
