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883 Mulberry St 15 Unit Apartment Building $1,750,000 ($116,667/Unit) Macon, GA 31201



Investment Highlights
- Downtown Location
- Onsite Parking
Executive Summary
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.
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $116,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 15 | Building Size | 4,086 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1890 |
| Zoning | HR3 - multi-family | ||
| Price | $1,750,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 4,086 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | HR3 - multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 11 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $134,010 | |
| Land Assessment | $93,195 | Total Assessment | $227,205 |
Property Taxes
Parcel Numbers
Land Assessment
$93,195
Improvements Assessment
$134,010
Total Assessment
$227,205
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883 Mulberry St
