6-Unit Apartment
301 Mary Lane, Warner Robins, GA 31088
For Sale
$625,000
Brick construction, updated interiors, and in-unit laundry connections support comfortable residential occupancy.
Property Size1,966 SF
Price / SF$118.10
Days on Market99
Property Features for 301 Mary Lane
General Information
Standard status
Size
Property subtype
Amenities
0.34 acres, Interior Lot
Public Sewer
Parcel Number: 0W0640 152000, Annual Amount: $2,655.92, Year: 25
Carpet
Electric
Listing ID: 10819898, Standard Status: Active, MLS Status: Active, On market as of 2026-08-05, 97 days on market
Parking Lot
Built in 1966, Construction Materials: Brick, Vinyl Siding
County/Parish: Houston
Resale
Electricity Available, Water Source: Public
Negotiable
Building Details
Building Size
Year Built
Listing Agency:
Simmons Realty Group & Associates
(478) 236-2848
Listed By:
Quinshay Thomas · License GA #453180
(478) 957-3085
Source:
Blackstreaminternational
Added: Aug 5
Changed: Nov 10
Last Checked: Nov 10 at 6:58AM
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 Simmons Realty Group & Associates
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Investment Insights
Based on property information with market context.
This 5,292-square-foot apartment property contains six units with a practical mix of two 3-bedroom, 1.5-bath residences and four 2-bedroom, 1.5-bath residences. Constructed in 1966, the building has a brick exterior, on-site parking, and in-unit laundry connections. Many residences feature white shaker cabinetry, refreshed countertops, newer appliances, updated flooring, interior paint, and renovated bathrooms.
Located at 301 Mary Lane in Warner Robins, the property is minutes from Robins Air Force Base, shopping, dining, schools, healthcare facilities, retail centers, restaurants, major highways, and major employers. The unit mix and interior improvements provide a range of residential configurations within a single multifamily asset.
Located at 301 Mary Lane in Warner Robins, the property is minutes from Robins Air Force Base, shopping, dining, schools, healthcare facilities, retail centers, restaurants, major highways, and major employers. The unit mix and interior improvements provide a range of residential configurations within a single multifamily asset.
Key Highlights
- 6‑unit apartment building totaling 5,292 square feet
- Unit mix includes two 3‑bedroom, 1.5‑bath units and four 2‑bedroom, 1.5‑bath units
- Brick exterior with construction completed in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,383
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,660
$807.7K
Cap Rate 7%
$576,900
$576.9K
Cap Rate 9%
$448,700
$448.7K
Market Conditions
NOI Build-Up for 5,292 SF
Gross rent
$78.1K $14.76/SF
− Vacancy
−$4.7K −$0.89/SF
EGI
$73.4K $13.87/SF
− OpEx
−$33.0K −$6.24/SF
NOI
$40.4K $7.63/SF
Area
Houston County, GA
Vacancy
6.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,660
Cap Rate 7%
$576,900
Cap Rate 9%
$448,700
Alternative Uses
Best Use
Apartment 5plus
$576.9K
$504.8K – $673.1K
NOI $40,383 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.4K – $1.33M
NOI $79,954 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, updated interiors, and in-unit laundry connections support comfortable residential occupancy.
Where is this apartment building located?
The property is located at 301 Mary Lane Warner Robins, GA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6‑unit apartment building totaling 5,292 square feet; Unit mix includes two 3‑bedroom, 1.5‑bath units and four 2‑bedroom, 1.5‑bath units; Brick exterior with construction completed in 1966
