806 Armory Dr Macon, GA 31206
Estimated payment $1,232/month
Highlights
- No HOA
- Property is near schools
- Baseboard Heating
- 1-Story Property
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $579
Year Built
- Built in 1970
Parking
- Off-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
Schools
- Ingram Pye Elementary School
- Southwest High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- 1-Story Property
- 6,098 Sq Ft Lot
- Property is near schools
Community Details
Overview
- No Home Owners Association
- 2 Units
- Ingram Pye 2Nd Eli Subdivision
Building Details
- Operating Expense $1,460
- Gross Income $24,000
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $579 | $23,554 | $1,400 | $22,154 |
| 2024 | $598 | $23,554 | $1,400 | $22,154 |
| 2023 | $598 | $23,554 | $1,400 | $22,154 |
| 2022 | $448 | $12,946 | $1,472 | $11,474 |
| 2021 | $274 | $7,209 | $1,472 | $5,737 |
| 2020 | $280 | $7,209 | $1,472 | $5,737 |
| 2019 | $282 | $7,209 | $1,472 | $5,737 |
| 2018 | $792 | $7,209 | $1,472 | $5,737 |
| 2017 | $270 | $7,209 | $1,472 | $5,737 |
| 2016 | $249 | $7,209 | $1,472 | $5,737 |
| 2015 | $181 | $7,209 | $1,472 | $5,737 |
| 2014 | $110 | $5,859 | $1,472 | $4,387 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $219,900 | +105.5% | -- | |
| 04/22/2025 04/22/25 | Sold | $107,000 | -26.2% | $60 / Sq Ft | View Prior Sale |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- | |
| 02/14/2025 02/14/25 | Price Changed | $145,000 | -3.3% | $81 / Sq Ft | |
| 11/27/2024 11/27/24 | For Sale | $150,000 | +50.0% | $83 / Sq Ft | |
| 09/21/2023 09/21/23 | Sold | $100,000 | -16.7% | $56 / Sq Ft | View Prior Sale |
| 08/07/2023 08/07/23 | Pending | -- | -- | -- | |
| 06/08/2023 06/08/23 | For Sale | $120,000 | -- | $67 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $217,000 | None Listed On Document | |
| Special Warranty Deed | $217,000 | None Listed On Document | |
| Limited Warranty Deed | $35,000 | None Available | |
| Limited Warranty Deed | $28,000 | None Available | |
| Deed | -- | -- | |
| Warranty Deed | $38,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $215,300 | Construction | |
| Closed | $215,300 | Construction |
Source: Georgia MLS
MLS Number: 10708814
APN: P084-0419
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
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