Renovated Residential Income
624 Church Street, Macon, GA 31217
For Sale
$250,000
Commercial Sale, Macon, GA
Property Size1,463 SF
Lot Size0.11 Acres
Price / SF$170.88
Days on Market67
Property Features for 624 Church Street
General Information
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Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
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Cooling system
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Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty Middle GA
(478) 333-5050
Listed By:
Alice Mobley
(478) 291-6464
Added: Sep 4
Changed: Oct 26
Last Checked: Nov 9 at 6:06AM
MLS# 10844560
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.
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Investment Insights
Based on property information with market context.
This furnished residential income property contains 1,463 square feet with four bedrooms and four bathrooms, giving each bedroom its own private ensuite. The residence was built in 1950 and has been renovated. Sale inclusions include the appliances and security cameras. Interior finishes include hardwood and vinyl flooring, with central electric heating and central air conditioning.
Set on 0.11 acres at 624 Church Street in Macon, the property is within walking distance of Piedmont Hospital and near Mercer University. Public water and public sewer serve the site, while cable service is available. The property is currently tenant-occupied.
Set on 0.11 acres at 624 Church Street in Macon, the property is within walking distance of Piedmont Hospital and near Mercer University. Public water and public sewer serve the site, while cable service is available. The property is currently tenant-occupied.
Key Highlights
- Four‑bedroom, four‑bath layout with a private ensuite for each bedroom
- 1,463 square feet on 0.11 acres
- Furnished and renovated residential income property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,149
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
$243.0K
Cap Rate 7%
$173,557
$173.6K
Cap Rate 9%
$134,989
$135.0K
Market Conditions
NOI Build-Up for 1,463 SF
Gross rent
$23.7K $16.20/SF
− Vacancy
−$1.6K −$1.10/SF
EGI
$22.1K $15.10/SF
− OpEx
−$9.9K −$6.79/SF
NOI
$12.1K $8.30/SF
Area
Macon, GA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
Cap Rate 7%
$173,557
Cap Rate 9%
$134,989
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.5K
NOI $12,149 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
714
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
$95,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Macon, GA
Properties on Market for Residential income properties in Macon
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished, tenant-occupied residence with private ensuite baths and included appliances.
Where is this residential income property located?
The property is located at 624 Church Street Macon, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four‑bedroom, four‑bath layout with a private ensuite for each bedroom; 1,463 square feet on 0.11 acres; Furnished and renovated residential income property
