3558 Morgan Drive
Macon, GA, 31204 $ 79,900
Baths0.0 Monthly Estimate*
$ 492
Studio for $79,900. This home was built in 1951 on a lot size of 0.17.
A beautifully refreshed investment property in the heart of Macon, Georgia! 3558 Morgan Drive is a 3-bedroom, 1-bath single-family home that combines turnkey income with meaningful long-term upside. Renovated in January 2024, the home features thoughtful interior updates and a converted garage that adds versatility for additional living space, storage, or a home office. Set on a generous 7,405 sq ft lot, this property offers steady cash flow and low annual expenses, making it an ideal addition to any income portfolio. With current rent below market value, investors will find a clear opportunity to increase revenue at lease renewal, further improving already strong returns. The property's projected cap rate of 9-10 percent reflects both current performance and future growth potential as the Macon rental market continues to strengthen. Macon remains one of Georgia's most compelling secondary markets, prized for its affordability, accessibility, and expanding economic base. Located less than ninety minutes from Atlanta and connected by multiple interstates, Macon offers the best of both worlds-small-city livability with big-city proximity. The city's ongoing revitalization, strong rental demand, and rising property values continue to attract investors seeking reliable cash flow and appreciation potential across the region. 3558 Morgan Dr. is part of a fully leased, 14-door turnkey investment portfolio representing a collection of carefully renovated, income-producing homes throughout Macon. While individual property sales will be considered, preference is given to buyers seeking to acquire the portfolio in its entirety-an opportunity to scale efficiently, streamline management, and secure a balanced mix of duplex and single-family assets. Whether you are a seasoned investor expanding your holdings or entering the Georgia market for the first time, this property delivers immediate stability, measurable upside, and long-term value.
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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Individual Meters Gas Individual Meters Water Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Stone Frame Vinyl Siding
Year Built 1951
Levels One and One Half
Property Subtype Multi Family
Tax Year 2024
Gross Income 0
Community Features None
County Bibb
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 0
Subdivision Name Napier Del Park
Garage Y/N false
Status Active
Directions From I-75 take Exit 162 for Eisenhower Parkway (US-80 W) toward Macon Mall. Continue west on Eisenhower Parkway for approximately 4 miles then turn left onto Log Cabin Drive. After about 1 mile turn right onto Morgan Drive. Property will be on the right side.
High School Central
City Macon
Body of Water None
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 7405.2
Carport Y/N false
Elementary School Bruce
Tax Annual Amount 357
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Miller Magnet
Property Condition Resale
Structure Type House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorBasement None
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Off Street
Water Source Public
Total Parking 0
Lot Size Area 7405.2
Foundation Details Slab
Lot Size Acres 0.17
Lot Size Source Public Records
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $492
- Monthly Property Taxes
- $30
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Macon, GA
Average List Price $194,000
Percent of Sale Price 143%
About Macon, GA 154,705 Population
1% Since 2002
$ 39,115 Median Income
35.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
4134602 Middle School
Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/8/2026 | $79,900 | | Listed Price |