This turnkey duplex is less than a mile from Mercer University and delivers strong day one cash flow with a cap rate above 10 percent.
Must be purchased with adjacent & identical duplex that is on a separate parcel. Two stable duplexes with value add opportunity!
Each unit is a spacious 3 bedroom, 1 bath layout with updated interiors featuring LVP flooring throughout, tile bathrooms, and fresh paint. Clean, durable finishes keep maintenance low and tenant appeal high. Rents currently range from $950 to $1,250 per month per unit, providing immediate income from day one.
The property is already renovated and stabilized with solid cash flow, yet offers light to moderate value add opportunity through strategic upgrades and rent optimization. Investors can increase income & value through improved amenities, exterior enhancements, or continued rent adjustments to market rates. These units have functional layouts with updated interiors.
Adjacent duplex is located at 2503 Felton Ave. Total price for both duplexes is $439,800 and they must be purchased simultaneously.
Additional information available upon request.
For sale
$219,900
806 Armory Dr, Macon, GA 31206
6beds
1,798sqft
Est.:
Duplex, Multi Family
Built in 1970
-- sqft lot
$121,200 Zestimate®
$122/sqft
$-- HOA
What's special
Clean durable finishesTile bathroomsUpdated interiorsFresh paintLvp flooring throughout
- 10 hours |
- 32 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: 18 hours ago
Listed by:
Lance Longgrear 912-312-0697,
Rivoli Realty
Source: MGMLS,MLS#: 183372
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Space Heater, Wall Heater
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
Features
- Fireplace features: None
Interior area
- Total structure area: 1,798
- Total interior livable area: 1,798 sqft
- Finished area above ground: 1,798
Property
Parking
- Parking features: Varies by Unit
Features
- Levels: One
- Patio & porch: Front Porch, Back, Patio, Deck
- Waterfront features: None
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 6098
Details
- Parcel number: P0840419
- Zoning description: Two Family
- Special conditions: Investor Owned
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Brick
- Roof: Shingle
Condition
- Resale,Updated/Remodeled
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Ingram-Pye-2nd Eli
HOA
- Has HOA: No
Location
- Region: Macon
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $58,886
- Annual tax amount: $578
- Date on market: 3/3/2026
- Cumulative days on market: 2 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$121,200
$86,000 - $160,000
$1,072/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2026 | Listed for sale | $219,900+105.5%$122/sqft |
Source:  MGMLS #183372 Report a problem | ||
| 4/22/2025 | Sold | $107,000-26.2%$60/sqft |
Source:  FMLS GA #7492119 Report a problem | ||
| 3/14/2025 | Pending sale | $145,000$81/sqft |
Source:  GAMLS #10420115 Report a problem | ||
| 2/9/2025 | Price change | $145,000-3.3%$81/sqft |
Source: GAMLS #10420115 Report a problem | ||
| 11/29/2024 | Price change | $150,000+25%$83/sqft |
Source: GAMLS #10420115 Report a problem | ||
| 8/7/2023 | Pending sale | $120,000$67/sqft |
Source: MGMLS #170754 Report a problem | ||
| 6/8/2023 | Listed for sale | $120,000+254%$67/sqft |
Source: MGMLS #170754 Report a problem | ||
| 5/1/2020 | Listing removed | $33,900$19/sqft |
Source: New Century Real Estate Group, Inc. #6693286 Report a problem | ||
| 4/2/2020 | Price change | $33,900-24.5%$19/sqft |
Source: New Century Real Estate Group, Inc. #6693286 Report a problem | ||
| 3/12/2020 | Listed for sale | $44,900$25/sqft |
Source: New Century Real Estate Group, Inc. #6693286 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $571 -1.3% | $23,554 |
| 2024 | $579 -3.2% | $23,554 |
| 2023 | $598 +33.5% | $23,554 +81.9% |
| 2022 | $448 +63.6% | $12,946 +79.6% |
| 2021 | $274 -2.1% | $7,209 |
| 2020 | $280 -0.8% | $7,209 |
| 2019 | $282 +4.5% | $7,209 |
| 2018 | $270 -65.9% | $7,209 |
| 2017 | $792 +95.5% | $7,209 |
| 2016 | $405 +8.3% | $7,209 |
| 2015 | $374 +240.1% | $7,209 +23% |
| 2014 | $110 | $5,859 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $946 +236.1% | $67,800 +303.6% |
| 2008 | $281 -2.3% | $16,800 |
| 2007 | $288 +6.2% | $16,800 +150% |
| 2006 | $271 | $6,720 |
| 2005 | $271 | $6,720 |
| 2004 | -- | $6,720 |
| 2003 | -- | $6,720 |
| 2002 | -- | $6,720 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,308/mo
Principal & interest
$1134
Property taxes
$174
Climate risks
Neighborhood: 31206
Nearby schools
GreatSchools rating
- 3/10Ingram/Pye Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Ballard Hudson Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Southwest High SchoolGrades: 9-12Distance: 1.7 mi
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