10-Unit Apartment
717 Poppy Avenue Macon, GA 31204
717 Poppy Avenue, Macon, GA, 31204
$650,000
For Sale
$650,000
Ten 2-bedroom, 1-bath units with several requiring full rehabilitation near Mercer University.
Property Size6,250 SF
Price / SF$104
Days on Market208
Property Features for 717 Poppy Avenue
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1967
Listing agency
Homesmart Realty Partners
(626) 213-7959
Listed by
Angela Arce
(626) 213-7959
Source
Xome
Added: Dec 27, 2025 Updated: Jul 22 at 3:08PM Checked: Jul 22 at 3:08PM
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 Homesmart Realty Partners
Investment Insights
Based on property information with market context.
This 10-unit apartment building is configured with individual units that each include two bedrooms and one bathroom. The property presents a renovation opportunity, as several units require full rehabilitation.
The building is located at 717 Poppy Avenue in Macon, Georgia, near Mercer University and within proximity to retail and major thoroughfares, according to the provided remarks.
For investors seeking a multifamily asset with in-place unit layouts and room for upgrades, the current condition creates a straightforward path to improving the existing rental inventory over time.
The building is located at 717 Poppy Avenue in Macon, Georgia, near Mercer University and within proximity to retail and major thoroughfares, according to the provided remarks.
For investors seeking a multifamily asset with in-place unit layouts and room for upgrades, the current condition creates a straightforward path to improving the existing rental inventory over time.
Key Highlights
- 10‑unit multifamily with ten 2‑bedroom, 1‑bath units
- Several units require full rehabilitation
- Year built: 1967
Local Financial Insights For Apartment 5plus
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 | $101.3k | $16.20 |
| − Vacancy | −$6.9k | −$1.10 |
| EGI | $94.4k | $15.10 |
| − OpEx | −$42.5k | −$6.79 |
| NOI | $51.9k | $8.30 |
6,250 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$741.4K
$648.8K – $865.0K
NOI $51,901 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $83,700 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Ten 2-bedroom, 1-bath units with several requiring full rehabilitation near Mercer University.
Where is this apartment building located?
The property is located at 717 Poppy Avenue Macon, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 10‑unit multifamily with ten 2‑bedroom, 1‑bath units; Several units require full rehabilitation; Year built: 1967
