2503 Felton Avenue

Macon, GA 31206

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 806 Armory Drive. Total price for both duplexes is $439,800 and they must be purchased simultaneously. Additional information available upon request.

Listing courtesy of Lance Longgrear of Rivoli Realty



Listings identified with the MGMLS logo come from MGMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any MGMLS Listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 Bibb Multi List, Inc. d/b/a Mid Georgia MLS
Last checked: 2026-03-03 10:45 PM UTC