883 Mulberry St - Apartments FOR SALE


Macon, GA 31201- Downtown Macon
$1,750,000 USD
478-955-8709
883 Mulberry St, Macon, GA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

883 Mulberry St
Macon, GA 31201
Downtown Macon


HIGHLIGHTS

  • Downtown Location
  • Onsite Parking

OVERVIEW

Rare opportunity to acquire a portfolio of 15 apartment units across three parcels in the heart of Downtown Macon, Georgia. Situated on the prominent corner of Mulberry Street and Spring Street, this unique offering features a collection of historic buildings with strong architectural character and an irreplaceable downtown location. The property consists of a diverse unit mix including studio, one-bedroom, and two-bedroom apartments, providing broad appeal to downtown residents seeking walkable access to Macon's vibrant business, dining, entertainment, and cultural districts. Residents enjoy convenient proximity to Mercer University, Atrium Health Navicent, government offices, and the numerous restaurants, shops, and entertainment venues that have fueled Downtown Macon's continued growth and revitalization. A valuable feature in the downtown market, the property includes adequate on-site parking, enhancing tenant convenience and supporting long-term occupancy. The multi-parcel configuration offers operational flexibility and potential future value-add opportunities for investors seeking to expand or reposition assets in one of Middle Georgia's most dynamic urban markets. Whether you're seeking a stabilized income-producing asset, a historic redevelopment opportunity, or a strategic addition to an existing multifamily portfolio, this Downtown Macon property presents a compelling combination of location, character, and investment potential.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

15

PRICE/UNIT

$116,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,769 SF

ZONING

HR3

APN/PARCEL ID

Q074-0143,Q074-0145

ASK ABOUT THIS PROPERTY

Ben SappVesta Consolidated RealtyMore Info
478-955-8709

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Ben SappVesta Consolidated RealtyMore Info
478-955-8709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.