Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3561 Thorpe St Macon, GA 31204
    Property profile & analytics

    3561 Thorpe St, Macon, GA 31204

    View on Map
    • Residential income homes
    • 4,100 SF
    Off-Market
    Property ID
    US22-1971971
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 3561 Thorpe St

    Year built
    1961
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of four duplexes located at 3561 and 3569 Thorpe Street in Macon, Georgia, 31204. The property comprises eight one-bedroom, one-bathroom units totaling 4,100 square feet, situated on slab foundations. Built in 1961 and extensively renovated in 2024, the buildings feature newer windows and durable metal roofs. Currently, 75% of the units are occupied, generating immediate cash flow. Each unit commands a price of $52,500, with the entire portfolio offered at $420,000 ($102.44 per square foot). The property includes ample parking with 16 spaces available. This is a rare chance to acquire a well-maintained, rent-ready multifamily investment in a desirable Macon location. The solid construction and recent renovations promise low maintenance and long-term value. The high occupancy rate and strong rental income potential make this an attractive proposition for seasoned investors seeking a stable and profitable addition to their portfolio. Serious inquiries only. Please do not disturb tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6905798
    Latitude
    32.8460061

    Comparable in this City

    • Contact for pricing

      West Macon Renovated Apartment Complex

      20-unit apartment complex in high-demand area, generating $13,000+ monthly.
      4053 Log Cabin Dr, Macon, GA 31204
      View Details
    • $125,000
      Pending

      Turnkey Duplex in Macon

      Cash-flowing duplex with long-term tenant and upside potential.
      2485 Beech Ave, Macon, GA 31204
      View Details
    • $95,000
      0.17 Acres

      Macon Duplex: Investor Special

      Fully occupied duplex in Macon, GA with immediate cash flow.
      78 Short Street Cir, Macon, GA 31204
      View Details
    • $155,000
      0.17 Acres

      Macon Duplex: Investor Opportunity

      Turnkey duplex in Macon, GA, with immediate cash flow.
      3069 Montpelier Pl, Macon, GA 31204
      View Details
    • New
      $112,000
      0.24 Acres

      Triplex with Two Studio Units

      Triplex offering a 3BR/2BA home plus two separately fenced studio apartments for multiple rental opportunities.
      1425 Bailey Ave, Macon, GA 31204
      View Details
    • $155,000
      0.17 Acres

      Macon Duplex: Investor Opportunity

      Investor-friendly duplex in Macon, GA with immediate cash flow.
      3069 Montpelier Pl, Macon, GA 31204
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Macon Renovated Apartment Complex

      20-unit apartment complex in high-demand area, generating $13,000+ monthly.
      4053 Log Cabin Dr, Macon, GA 31204
      View Details
    • $95,000
      0.17 Acres

      Macon Duplex: Investor Special

      Fully occupied duplex in Macon, GA with immediate cash flow.
      78 Short Street Cir, Macon, GA 31204
      View Details
    • $155,000
      0.17 Acres

      Macon Duplex: Investor Opportunity

      Turnkey duplex in Macon, GA, with immediate cash flow.
      3069 Montpelier Pl, Macon, GA 31204
      View Details
    • $125,000
      Pending

      Turnkey Duplex in Macon

      Cash-flowing duplex with long-term tenant and upside potential.
      2485 Beech Ave, Macon, GA 31204
      View Details
    • New
      $112,000
      0.24 Acres

      Triplex with Two Studio Units

      Triplex offering a 3BR/2BA home plus two separately fenced studio apartments for multiple rental opportunities.
      1425 Bailey Ave, Macon, GA 31204
      View Details
    • $155,000
      0.17 Acres

      Macon Duplex: Investor Opportunity

      Investor-friendly duplex in Macon, GA with immediate cash flow.
      3069 Montpelier Pl, Macon, GA 31204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Building For Rent

      Well-maintained office building with five private offices and ADA accessibility.
      2278 Ingleside Ave, Macon, GA 31204
      View Details
    • Contact for pricing

      Retail Center with High Visibility

      Retail center with high traffic and great visibility.
      3249-3253 Mercer University Dr, Macon, GA 31204
      View Details
    • Contact for pricing
      4,500 SF

      Modern Medical Office Building

      4,500 SF medical office near hospitals and I-75.
      376 Rogers Ave, Macon, GA 31204
      View Details
    • Contact for pricing

      Freestanding Office/Retail Building in Macon

      Freestanding ±1,200 SF building suitable for medical, professional, or retail.
      4693 Log Cabin Dr, Macon, GA 31204
      View Details
    • Contact for pricing
      2,050 SF

      Storefront Retail Space Available

      2,050 SF storefront retail space for lease.
      863 Wimbish Rd, Macon, GA 31204
      View Details
    • Contact for pricing
      10,350 SF

      Retail Space Near Macon Mall

      Retail spaces available from 1,600 to 28,300 square feet.
      3755 Bloomfield Rd, Macon, GA 31204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3561 Thorpe St
    Macon, GA 31204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3561 Thorpe St, Macon, GA, 31204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!