Building Details

Buildings 1

Listing Agency: Realty Unlimited, LLC t***@realtyunlimited.net Show Phone

Listed By: Tee Young · License #104732 Show Phone

Source: Exprealty

Added: Jan 23 Changed: Oct 10 Last Checked: Oct 16 at 12:53PM

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Investment Insights

Based on property information with market context.

Located at 856 Center St in Macon, GA, this 1,808-square-foot residential property has been arranged as a triplex with three distinct living units. The configuration includes Unit A, a one-bedroom studio; Unit B, a two-bedroom, one-bath unit; and Unit C, a one-bedroom, one-bath unit.

Each unit provides separate living space within the property, supporting a range of residential arrangements. The layout may suit an investor seeking multiple units or an owner-occupant looking to combine personal use with additional residential occupancy. The property is classified as a triplex.

Key Highlights

• Three separate residential units within a 1,808‑square‑foot property
• Unit A configured as a one‑bedroom studio
• Unit B offers 2 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,014

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$300,280 $300.3K

Cap Rate 7%

$214,486 $214.5K

Cap Rate 9%

$166,822 $166.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,808 SF

Gross rent

$29.3K $16.20/SF

− Vacancy

−$2.0K −$1.10/SF

EGI

$27.3K $15.10/SF

− OpEx

−$12.3K −$6.79/SF

NOI

$15.0K $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%

$300,280

Cap Rate 7%

$214,486

Cap Rate 9%

$166,822

Alternative Uses

Best Use

Multifamily LT 5

$233.4K

$204.2K – $272.3K (±1% cap)

NOI $16,337 @ 7.0% cap · market cap 9.62%

Second Best

Apartment 5plus

$214.5K

$187.7K – $250.2K (±1% cap)

NOI $15,014 @ 7.0% cap · market cap 8.84%

Theoretical Best

Healthcare Medical

$345.9K

$302.7K – $403.6K (±1% cap)

NOI $24,213 @ 7.0% cap · market cap 14.25%

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

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Kitchen & Bath Showroom Plumbing Service Building Supply

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

788

Businesses Nearby

Explore this area 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

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?

Triplex - Configured residential property with a studio, a two-bedroom unit, and a one-bedroom unit with one bathroom.

Where is this triplex located?

The property is located at 856 Center St Macon, GA.

What is the asking price?

The asking price for this property is $169,900.

What are key features of this property?

This property features: Three separate residential units within a 1,808‑square‑foot property; Unit A configured as a one‑bedroom studio; Unit B offers 2 bedrooms and 1 bathroom