Mixed-Use Retail and
For Sale
$980,000
565 Poplar St, Macon, GA 31201
Three-unit property includes street-facing retail space and two renovated second-story apartments connected by an interior elevator.
Property Size8,322 SF
Price / SF$117.76
Days on Market162
Property Features for 565 Poplar St
General Information
Standard status
Active
Size
8,322 SF
Amenities
elevator
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Sheridan, Solomon & Associates
(478) 731-1302
Listed By:
Joanna Jones · License #218598
(478) 731-1302
Source:
Exprealty
Added: Feb 24
Changed: Jul 22
Last Checked: Jul 31 at 1:21PM
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
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 For Retail
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 | $119.8k | $14.40 |
| − Vacancy | −$6.7k | −$0.81 |
| EGI | $113.1k | $13.59 |
| − OpEx | −$33.9k | −$4.08 |
| NOI | $79.2k | $9.52 |
8,322 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$989.9K – $1.32M
NOI $79,188 @ 7.0% cap · market cap 8.08%
Second Best
Multifamily LT 5
$1.07M
$940.0K – $1.25M
NOI $75,197 @ 7.0% cap · market cap 7.67%
Theoretical Best
Healthcare Medical
$1.59M
$1.39M – $1.86M
NOI $111,448 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,838
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
Questions? Ask Rey
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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
