Two-Triplex Residential
New
For Sale
$539,800
378 Cowan Street, Macon, GA 31217
Most residences are leased, and both properties have central heating and air with laundry connections.
Property Size1,977 SF
Days on Market6
Property Features for 378 Cowan Street
General Information
Standard status
Active
Size
1,977 SF
Property subtype
Commercial
Additional Details
Multifamily Units
6
Amenities
central heating and air
dedicated laundry connections
fencing
0.25 acres, City Lot
Wood
Public Sewer
Parcel Number: R0720886, Annual Amount: $2,460.3, Year: 2025
Central Air
Central
Listing ID: 10873141, Standard Status: Active, MLS Status: New, On market as of 2026-10-15, 3 days on market
Paved
Built in 1977, Construction Materials: Brick, Vinyl Siding
County/Parish: Bibb
Resale
Electricity Available, Phone Available, Water Available, Water Source: Public
Close Of Escrow
Building Details
Building Size
1,977 SF
Year Built
1977
Buildings
2
Listing Agency:
Keller Williams Realty Middle GA
(478) 333-5050
Listed By:
Dorey Hawkins · License #412329
(678) 468-7855
Source:
Blackstreaminternational
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:02PM
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 GA
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Investment Insights
Based on property information with market context.
Two adjacent triplex properties at 378 and 390 Cowan Street in Macon comprise six residential units with a combined 14 bedrooms, 6 full bathrooms, and 6 half bathrooms. Five units are rented. The properties have central heating and air, laundry connections, and fencing. The record gives 1977 as the year built.
Key Highlights
- Two side‑by‑side triplexes at 378 and 390 Cowan Street in Macon, Georgia
- Six residential units with 14 bedrooms
- Five of the six units are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,864
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,280
$357.3K
Cap Rate 7%
$255,200
$255.2K
Cap Rate 9%
$198,489
$198.5K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$25.5K $12.91/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$17.9K $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%
$357,280
Cap Rate 7%
$255,200
Cap Rate 9%
$198,489
Alternative Uses
Best Use
Multifamily LT 5
$255.2K
$223.3K – $297.7K
NOI $17,864 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,417 @ 7.0% cap · market cap 3.04%
Theoretical Best
Healthcare Medical
$378.2K
$331.0K – $441.3K
NOI $26,476 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
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Business Placement
Demographics for 31217, GA
17,808
Population
7,870
Households
2.3
Avg Household Size
40
Median Age
9%
College-Educated
84%
High-School Grad
107.8 sq mi
ZIP Area
165
Density / Sq Mi
$43,821
Median Household Income
$33,244
Median Earnings
$858
Median Rent
$95,700
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?
Triplex - Most residences are leased, and both properties have central heating and air with laundry connections.
Where is this triplex located?
The property is located at 378 Cowan Street Macon, GA.
What is the asking price?
The asking price for this property is $539,800.
What are key features of this property?
This property features: Two side‑by‑side triplexes at 378 and 390 Cowan Street in Macon, Georgia; Six residential units with 14 bedrooms; Five of the six units are rented
