Historic, Victorian, Renovated, Character Home, Income Potential
1900 Macon Victorian Cottage, Big Systems Done, Minor Finish Work Left — $50,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 1900 Victorian cottage, 1356 sqft, soaring ceilings, covered porch, near Mercer University |
| Condition | 25% | 7 | Major systems updated (plumbing, electrical, windows, LVP); minor finishing work remains |
| Price / Sq Ft | 15% | 10 | $37/sqft vs $94 zip median — 61% below; thin 7-comp data, still directionally strong |
| Price vs. Market | 5% | 10 | $50K vs $150,956 median — 67% below zip median sale price |
| Market Conditions | 5% | 7 | DOM 64 days, sale-to-list 94.8%, 32.7% price drops — clear buyer's market |
At $37 a square foot, this house is priced at less than half of what comparable homes in the zip code are selling for. The zip median sits around $94 per square foot. That gap is wide enough to matter, and the major systems work already being done is what makes it interesting rather than just cheap.
The house is a 1900 Victorian cottage on Roy Street, two bedrooms and one bath across 1,356 square feet. What that era of building gets you is ceiling height and trim work that you cannot replicate in new construction without spending a lot of money. The ceilings here are genuinely tall, and the original trim is still in place. The covered front porch is the kind you actually sit on.
Whoever has owned it recently did the work that costs the most and causes the most disruption. New plumbing, new electrical, new windows, LVP flooring throughout. The kitchen has been refreshed and comes with an oven and refrigerator. What remains is finishing work, which the listing describes as minor without getting specific. That vagueness is worth paying attention to. You would want to walk through and understand exactly what is left before you commit, because "a few finishing touches" can mean paint and hardware, or it can mean more than that.
The location is close to Mercer University and Vineville Avenue, which matters if you are thinking about rental income. A two-bedroom this close to a university campus has a straightforward market. At $50,000 all in, even with some additional finishing costs, the numbers leave room.
The house has been on the market 64 days, and the neighborhood is showing a 32.7 percent price drop rate, which tells you this is a buyer's market. You have leverage on time, and likely on price.
What $50,000 buys you here is a 124-year-old cottage with its bones intact, its expensive systems replaced, and enough room for two people or a steady tenant. The finishing work is the job. The price is why it makes sense to take it on.
