Mixed-Use Retail and
For Sale
$980,000
565 Poplar St, Macon, GA 31210
Three-unit property includes street-facing retail space and two renovated second-story apartments connected by an interior elevator.
Property Size9,650 SF
Price / SF$101.55
Days on Market97
Property Features for 565 Poplar St
General Information
Standard status
Active
Size
9,650 SF
Site & Location
Neighborhood
Central Business District
Amenities
elevator
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
Sheridan Solomon & Associates
Listed By:
Joanna Jones · License #218598
(478) 731-1302
Source:
Broadandmainrealestate
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 7 at 5:21PM
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 Sheridan Solomon & Associates
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Investment Insights
Based on property information with market context.
The property consists of three units, with the downstairs configured as a commercial retail space featuring high ceilings, hardwood floors, and large street-facing windows. An interior elevator connects to two second-story left apartments, and both residential units have been renovated with hardwood floors and high ceilings.
Unit A is a 2-bedroom, 2-bath layout, and Unit B is a 3-bedroom, 3.5-bath home. Both units include tile baths and stainless steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional finishes include custom cabinets and granite countertops.
Overall, the building offers a mixed-use configuration with street exposure for the retail component and two separate, renovated apartment homes above, served by interior elevator access.
Unit A is a 2-bedroom, 2-bath layout, and Unit B is a 3-bedroom, 3.5-bath home. Both units include tile baths and stainless steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional finishes include custom cabinets and granite countertops.
Overall, the building offers a mixed-use configuration with street exposure for the retail component and two separate, renovated apartment homes above, served by interior elevator access.
Key Highlights
- Three‑unit property with street‑facing commercial retail space plus two second‑story apartments connected by an interior elevator
- Downstairs retail space has high ceilings, hardwood floors, large street‑facing windows, and approx. 4,250 SF
- Unit A is a renovated 2BR/2BA apartment with approx. 1,918 SF, hardwood floors, high ceilings, and tile baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,197
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,940
$1.7M
Cap Rate 7%
$1,245,671
$1.2M
Cap Rate 9%
$968,856
$968.9K
Market Conditions
NOI Build-Up for 9,650 SF
Gross rent
$133.2K $13.80/SF
− Vacancy
−$8.6K −$0.89/SF
EGI
$124.6K $12.91/SF
− OpEx
−$37.4K −$3.87/SF
NOI
$87.2K $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%
$1,743,940
Cap Rate 7%
$1,245,671
Cap Rate 9%
$968,856
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,825 @ 7.0% cap · market cap 9.37%
Second Best
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,197 @ 7.0% cap · market cap 8.90%
Theoretical Best
Healthcare Medical
$1.85M
$1.62M – $2.15M
NOI $129,233 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Three-unit property includes street-facing retail space and two renovated second-story apartments connected by an interior elevator.
Where is this duplex located?
The property is located at 565 Poplar St Macon, GA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three‑unit property with street‑facing commercial retail space plus two second‑story apartments connected by an interior elevator; Downstairs retail space has high ceilings, hardwood floors, large street‑facing windows, and approx. 4,250 SF; Unit A is a renovated 2BR/2BA apartment with approx. 1,918 SF, hardwood floors, high ceilings, and tile baths
