Building Details

Year built 1965

Floors in Building 1

Number of units 2

Flooring type Vinyl

Listing Agency: KELLER WILLIAMS REALTY MIDDLE GEORGIA b***@kwgap.com Show Phone

Listed By: Dailan Hughes · License #378710 Show Phone

Added: Oct 16 Last Checked: Oct 16 at 9:06PM

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MLS# 266358

Copyright © 2026 Central Georgia MLS. 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 637-square-foot duplex was renovated and contains two residences, each with two bedrooms and one full bathroom. Interior features include vinyl plank flooring, hard-surface countertops, and kitchen appliances: an electric range, dishwasher, microwave, and refrigerator. Central electric heating and central air conditioning serve the property.

A concrete parking pad and a front porch complete the exterior. The property is in an established Macon neighborhood near Mercer University Dr, with access to I-75, Mercer University, Atrium Amphitheater, downtown Macon, shopping, and dining.

Key Highlights

• Two residences, each with 2 bedrooms and 1 full bathroom
• 637 square feet
• Renovated interiors with vinyl plank flooring and hard‑surface countertops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,756

Cap Rate

3.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$115,120 $115.1K

Cap Rate 7%

$82,229 $82.2K

Cap Rate 9%

$63,956 $64.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 637 SF

Gross rent

$8.8K $13.80/SF

− Vacancy

−$568 −$0.89/SF

EGI

$8.2K $12.91/SF

− OpEx

−$2.5K −$3.87/SF

NOI

$5.8K $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%

$115,120

Cap Rate 7%

$82,229

Cap Rate 9%

$63,956

Alternative Uses

Best Use

Multifamily LT 5

$82.2K

$72.0K – $95.9K (±1% cap)

NOI $5,756 @ 7.0% cap · market cap 3.49%

Second Best

Apartment 5plus

$75.6K

$66.1K – $88.2K (±1% cap)

NOI $5,290 @ 7.0% cap · market cap 3.21%

Theoretical Best

Healthcare Medical

$121.9K

$106.6K – $142.2K (±1% cap)

NOI $8,531 @ 7.0% cap · market cap 5.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Explore this area Business Placement

Demographics for 31204, GA

30,512

Population

15,578

Households

2

Avg Household Size

38

Median Age

22%

College-Educated

84%

High-School Grad

14.6 sq mi

ZIP Area

2,090

Density / Sq Mi

$38,478

Median Household Income

$32,586

Median Earnings

$917

Median Rent

$123,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences have two bedrooms, one full bath, updated finishes, and kitchen appliances.

Where is this duplex located?

The property is located at 660 Lilly Avenue Macon, GA.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 637 square feet; Renovated interiors with vinyl plank flooring and hard‑surface countertops