635 Orange St Immeuble residentiel 9 lots 654 406 € (72 712 €/Lot) Taux de capitalisation 8,61 % Macon-Bibb, GA 31201

635 Orange Street presents the opportunity to acquire a fully leased, income-producing multifamily asset in the heart of Macon, Georgia.

This historic, two-story property encompasses 8,074 square feet and features nine apartment units, including seven one-bedroom units, one two-bedroom unit, and one three-bedroom unit. The building benefits from stable cash flow supported by many long-term tenants, with a majority of leases extending through 2027. Current rental income is approximately $7,100 per month, while a value-add component remains through the potential to align existing rents with prevailing market rates.

A full exterior renovation completed in 2025 updated the building’s paint and wood features, reducing near-term capital expenditure needs while preserving the property’s distinctive Classical Revival architecture, including vintage molding and a prominent columned portico entrance. Situated on 0.28 acres, 635 Orange Street also provides rare urban off-street parking.

Positioned just steps from Downtown Macon and a short drive to Interstate 75, 635 Orange Street affords convenient access to amenities and many of the region’s largest employment centers. Atrium Health Navicent, Mercer University, Piedmont Macon Medical Center, YKK, Middle Georgia State University, Macon-Bibb County government offices, and one of GEICO’s largest regional operations are all within a 15-minute drive. Residents also benefit from walkable access to popular dining, entertainment, and cultural destinations such as The Rookery, Macon City Auditorium, Parish on Cherry Street, Grant’s Lounge, and Bearfoot Tavern.

Investment in 635 Orange Street is further supported by favorable market fundamentals. Mercer University enrolls more than 9,200 students, providing a consistent source of housing demand, while approximately 66% of residents within a 3-mile radius are renters. Additionally, as of the third quarter of 2026, no multifamily units are under construction in Macon, a notable departure from the market’s 10-year average of 294 units under construction annually.

This combination of stable in-place income, rental upside, limited new supply, and an irreplaceable historic asset in a highly accessible downtown location creates a compelling multifamily investment opportunity.