Two Duplex Portfolio
4409 Mikado Avenue Macon, GA 31206
4409 Mikado Avenue, Macon, GA, 31206
$387,000
For Sale
$387,000
MULTI_FAMILY - Macon, GA
Property Size2,800 SF
Lot Size0.34 Acres
Price / SF$138.21
Days on Market500
Property Features for 4409 Mikado Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- P1030176
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 1503
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
Listing agency
Keller Williams Middle Georgia
(478) 333-5050
Listed by
Merritt Eckles · License #371894
(478) 230-1159
Added: Mar 10, 2025 Updated: Jul 9 at 5:39PM Checked: Jul 22 at 9:06AM
MLS# 10774410
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 offering includes two duplex buildings in Macon, GA, with four total 2-bedroom, 1-bath units. The duplexes are located at 4409 and 4411 Mikado Ave, and at 918 and 924 Thomas St. Each unit is described as approximately 700 square feet.
The property is being sold as-is. Per the listing details, the package is connected to adjacent lots and includes additional properties beyond this address, with the overall portfolio including multiple duplexes and one single-family home across the referenced lots.
For investors and owner-operators seeking an occupied, multi-unit configuration, this asset provides multiple rental units within two duplex structures. Each unit’s layout is consistently described as 2 bed and 1 bath, which may simplify leasing and tenanting across the buildings. Please note that the seller is offering the property as-is, so buyers should complete their own due diligence regarding condition and suitability for their operating plan.
The property is being sold as-is. Per the listing details, the package is connected to adjacent lots and includes additional properties beyond this address, with the overall portfolio including multiple duplexes and one single-family home across the referenced lots.
For investors and owner-operators seeking an occupied, multi-unit configuration, this asset provides multiple rental units within two duplex structures. Each unit’s layout is consistently described as 2 bed and 1 bath, which may simplify leasing and tenanting across the buildings. Please note that the seller is offering the property as-is, so buyers should complete their own due diligence regarding condition and suitability for their operating plan.
Key Highlights
- Brick 1963‑built 2‑duplex investment property with all units occupied
- Two duplexes included: 4409/4411 Mikado Ave and 918/924 Thomas St
- Each unit is 700 SF with 2 bed and 1 bath
Local 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 | $38.6k | $13.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $36.1k | $12.91 |
| − OpEx | −$10.8k | −$3.87 |
| NOI | $25.3k | $9.04 |
2,800 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.4K
$316.3K – $421.7K
NOI $25,301 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$332.2K
$290.7K – $387.5K
NOI $23,252 @ 7.0% cap · market cap 6.01%
Theoretical Best
Healthcare Medical
$535.7K
$468.7K – $625.0K
NOI $37,498 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two duplexes in Macon, GA with all units occupied and offered for sale as-is.
Where is this duplex located?
The property is located at 4409 Mikado Avenue Macon, GA.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: Brick 1963‑built 2‑duplex investment property with all units occupied; Two duplexes included: 4409/4411 Mikado Ave and 918/924 Thomas St; Each unit is 700 SF with 2 bed and 1 bath
