Real Estate Investment Properties for Sale in Milledgeville, GA

Looking for investment property in Milledgeville, GA with high ROI ?

Explore a variety of short-term homes & houses in Milledgeville, GA. Invest wisely with VRBO & Milledgeville, GA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Milledgeville, GA

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
122 Merry Ct Milledgeville, GA 122 Merry Ct. GOLDEN POND-What a find! This 3BR/2BA main house is perfect for someone that...	3 beds \| 2 baths \| 1,620 sq.ft.	$239,000	Airbnb cash on cash: 7.39% Traditional cash on cash: 7.88% Airbnb Rental Income: $2861 Traditional Rental Income: $2306 Airbnb ROI: 7.39% Traditional ROI: 7.88%
618 Sara Hunter Lane Milledgeville, GA Pricing Enhancement, now $319,000.00. Looking for a move-in ready home with updates that m...	3 beds \| 2 baths \| 1,950 sq.ft.	$319,000	Airbnb cash on cash: 5.09% Traditional cash on cash: 5.06% Airbnb Rental Income: $2861 Traditional Rental Income: $2186 Airbnb ROI: 5.09% Traditional ROI: 5.06%
121 Montego Court Milledgeville, GA Enjoy lake living at its best with this private and quiet remodeled ranch, full of charact...	3 beds \| 2 baths \| 1,680 sq.ft.	$849,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 1.04% Airbnb Rental Income: $2861 Traditional Rental Income: $2427 Airbnb ROI: 0.74% Traditional ROI: 1.04%
307 W LAKEVIEW DRIVE Milledgeville, GA WOW!! WHAT A FUN LAKE HOUSE!! Completely Turn Key & located in the middle of it all!! Clos...	3 beds \| 3 baths \| 2,841 sq.ft.	$924,999	Airbnb cash on cash: 1.11% Traditional cash on cash: 2.18% Airbnb Rental Income: $2861 Traditional Rental Income: $3116 Airbnb ROI: 1.11% Traditional ROI: 2.18%
122 Ivey Weaver Rd Milledgeville, GA Experience the perfect blend of comfort, space, and convenience with this totally remodele...	4 beds \| 4 baths \| 2,823 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $3568 Airbnb ROI: N/A Traditional ROI: 5.52%
240 Southern Walk Dr. Milledgeville, GA Welcome to this beautifully upgraded 4-bedroom, 3-bath home offering the perfect mix of co...	4 beds \| 3 baths \| 3,190 sq.ft.	$494,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $2869 Airbnb ROI: N/A Traditional ROI: 4.46%
221 Butler Rd Milledgeville, GA This home has 4 Bedrooms & 2.5 baths, over 2200 sqft. This home is on one level & is such ...	4 beds \| 3 baths \| 2,210 sq.ft.	$560,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.83% Airbnb Rental Income: $null Traditional Rental Income: $2653 Airbnb ROI: N/A Traditional ROI: 3.83%
151 Lake Drive NW Milledgeville, GA Looking for a Lake Sinclair lake home in Baldwin County that is convenient to shopping (le...	4 beds \| 3 baths \| 3,048 sq.ft.	$998,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.49% Airbnb Rental Income: $null Traditional Rental Income: $3370 Airbnb ROI: N/A Traditional ROI: 2.49%
102 Treanor Drive Milledgeville, GA Wonderful home on almost 9 acres! You will truly feel as if you are on vacation in the mou...	4 beds \| 3 baths \| 3,533 sq.ft.	$459,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $2602 Airbnb ROI: N/A Traditional ROI: 4.42%
479 High Point Rd Milledgeville, GA Stunning 4BD/2.5BA Home with Saltwater Pool in High Point Subdivision! Built in 2018, this...	4 beds \| 3 baths \| 2,324 sq.ft.	$429,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2873 Airbnb ROI: N/A Traditional ROI: 5.88%
465 Riley Circle Milledgeville, GA Pended at list. The Dogwood plan. This 4br/2.5ba energy efficient new construction in High...	4 beds \| 3 baths \| 2,180 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $null Traditional Rental Income: $2519 Airbnb ROI: N/A Traditional ROI: 6.08%
141 Arbor Way Milledgeville, GA Come see this gorgeous home located within the gates of the Greystone Arbor subdivision! ...	5 beds \| 6 baths \| 4,826 sq.ft.	$809,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $7290 Airbnb ROI: N/A Traditional ROI: 8.44%
307 Lakeview Milledgeville, GA WOW!! WHAT A FUN LAKE HOUSE!! Completely Turn Key & located in the middle of it all!! Clos...	3 beds \| 3 baths \| 2,841 sq.ft.	$924,999	Airbnb cash on cash: 0.53% Traditional cash on cash: 1.64% Airbnb Rental Income: $2861 Traditional Rental Income: $3152 Airbnb ROI: 0.53% Traditional ROI: 1.64%
211 Lakecrest Drive Milledgeville, GA The View, The Location, The Sandy Beach, The Home, The Cove, The Porch, and Water Clarity....	5 beds \| 4 baths \| 3,928 sq.ft.	$1,575,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.6% Airbnb Rental Income: $null Traditional Rental Income: $4223 Airbnb ROI: N/A Traditional ROI: 1.6%
620 Lake Laurel Rd Milledgeville, GA Welcome home to this charming 3-bedroom, 2-bath property just minutes from downtown-less t...	3 beds \| 2 baths \| 1,523 sq.ft.	$257,800	Airbnb cash on cash: 7.14% Traditional cash on cash: 5.67% Airbnb Rental Income: $2861 Traditional Rental Income: $1838 Airbnb ROI: 7.14% Traditional ROI: 5.67%
251 Pettigrew RD Milledgeville, GA Welcome to your private retreat â the perfect blend of country charm and modern comfort!...	3 beds \| 2 baths \| 2,129 sq.ft.	$470,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 3.83% Airbnb Rental Income: $2861 Traditional Rental Income: $2619 Airbnb ROI: 2.87% Traditional ROI: 3.83%
140 Silver Birch Ln Ne Milledgeville, GA LUXURY LIVING AT LAKE SINCLAIR! MILLION DOLLAR VIEWS, LOCATION, TURNKEY, AMENITIES! Check!...	4 beds \| 5 baths \| 3,931 sq.ft.	$1,165,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 2.53% Airbnb Rental Income: $5211 Traditional Rental Income: $4911 Airbnb ROI: 1.83% Traditional ROI: 2.53%
161 Glynn St Milledgeville, GA Just 1 mile from Georgia College's main campus, this 3-bedroom, 2-bath home offers an exce...	3 beds \| 2 baths \| 1,496 sq.ft.	$249,900	Airbnb cash on cash: 6.99% Traditional cash on cash: 3.26% Airbnb Rental Income: $2861 Traditional Rental Income: $1314 Airbnb ROI: 6.99% Traditional ROI: 3.26%
291 Power Point Road Milledgeville, GA Completely Remodeled Lake Sinclair Cottage Discover this beautifully updated 4-bedroom, 3-...	4 beds \| 3 baths \| 2,414 sq.ft.	$839,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 1.76% Airbnb Rental Income: $3265 Traditional Rental Income: $2966 Airbnb ROI: 1.21% Traditional ROI: 1.76%
1985 BRIARCLIFF ROAD Milledgeville, GA What's special about this townhome? Well, simply put, this could be the answer for many di...	3 beds \| 3 baths \| 1,600 sq.ft.	$189,000	Airbnb cash on cash: 9.79% Traditional cash on cash: 5.92% Airbnb Rental Income: $2861 Traditional Rental Income: $1500 Airbnb ROI: 9.79% Traditional ROI: 5.92%
182 Corral Road Milledgeville, GA Indulge in the ultimate equestrian lifestyle at this exquisite estate near Lake Sinclair. ...	5 beds \| 7 baths \| 6,000 sq.ft.	$2,200,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.3% Airbnb Rental Income: $4089 Traditional Rental Income: $6095 Airbnb ROI: -0.11% Traditional ROI: 1.3%
101 Lee Lane Milledgeville, GA This is a great home! There are 3 bedrooms 2.5 baths and all on one level. There's a nice ...	3 beds \| 3 baths \| 1,788 sq.ft.	$289,900	Airbnb cash on cash: 5.79% Traditional cash on cash: 5.54% Airbnb Rental Income: $2861 Traditional Rental Income: $2128 Airbnb ROI: 5.79% Traditional ROI: 5.54%
150 Crystal Ridge Milledgeville, GA Get ready to enjoy Fall with your dream lakeside retreat! This newly constructed home offe...	4 beds \| 3 baths \| 2,074 sq.ft.	$465,000	Airbnb cash on cash: 3.91% Traditional cash on cash: 3.82% Airbnb Rental Income: $3250 Traditional Rental Income: $2480 Airbnb ROI: 3.91% Traditional ROI: 3.82%
169 Admiralty Way NW Milledgeville, GA Big open water front home on Lake Sinclair! Located on the Northside + walking distance to...	4 beds \| 4 baths \| 4,540 sq.ft.	$849,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.65% Airbnb Rental Income: $3563 Traditional Rental Income: $3703 Airbnb ROI: 1.48% Traditional ROI: 2.65%
1740 Holly Hill Rd Milledgeville, GA This spacious 4 bedroom, 2.5 bath home offers 2,418 sq ft of living space, perfect for a l...	4 beds \| 3 baths \| 2,418 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $2256 Airbnb ROI: N/A Traditional ROI: 6.01%
103 Water Ridge Drive Milledgeville, GA This custom-built home built by Gladney Construction is on Lake Sinclair in Waters Edge Su...	4 beds \| 3 baths \| 3,865 sq.ft.	$899,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 1.24% Airbnb Rental Income: $2972 Traditional Rental Income: $2731 Airbnb ROI: 0.71% Traditional ROI: 1.24%
261 Linda Drive NE Milledgeville, GA Here is your chance to own 2 investment homes for one price. 261 Linda is vacant currentl...	2 beds \| 1 baths \| 1,073 sq.ft.	$100,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 7.32% Airbnb Rental Income: $1142 Traditional Rental Income: $990 Airbnb ROI: 4.98% Traditional ROI: 7.32%
2313 NE LAURA COURT Milledgeville, GA INVESTORS! If you have been waiting on a duplex with tenants in place, we have two! Both u...	4 beds \| 2 baths \| 1,656 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $1141 Airbnb ROI: N/A Traditional ROI: 4.24%
641 N Cobb Milledgeville, GA This is a great older home in a lovely neighborhood. Located in walking distance to Doctor...	4 beds \| 2 baths \| 1,510 sq.ft.	$214,900	Airbnb cash on cash: 5.34% Traditional cash on cash: 7.31% Airbnb Rental Income: $2107 Traditional Rental Income: $1968 Airbnb ROI: 5.34% Traditional ROI: 7.31%
169 Admiralty Milledgeville, GA Big open water front home on Lake Sinclair! Located on the Northside + walking distance to...	4 beds \| 4 baths \| 4,540 sq.ft.	$849,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.52% Airbnb Rental Income: $3563 Traditional Rental Income: $3603 Airbnb ROI: 1.48% Traditional ROI: 2.52%
500 N Tattnall Milledgeville, GA Charming 1900s Historic Home in Sought-After West End Nestled in the heart of the Historic...	4 beds \| 3 baths \| 2,596 sq.ft.	$425,000	Airbnb cash on cash: 4.05% Traditional cash on cash: 3.92% Airbnb Rental Income: $3265 Traditional Rental Income: $2481 Airbnb ROI: 4.05% Traditional ROI: 3.92%
566 Lake Laurel Road Milledgeville, GA Pond, 11 acres, and large ranch home. Peace, Privacy and endless potential. This property...	4 beds \| 3 baths \| 2,947 sq.ft.	$476,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 4.51% Airbnb Rental Income: $3265 Traditional Rental Income: $2815 Airbnb ROI: 3.87% Traditional ROI: 4.51%
148 Bentley Drive Milledgeville, GA Cozy, scenic A Frame home on Lake Sinclair in Baldwin County. This home offers three bedro...	3 beds \| 2 baths \| 1,600 sq.ft.	$439,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 3.39% Airbnb Rental Income: $1958 Traditional Rental Income: $2273 Airbnb ROI: 1.37% Traditional ROI: 3.39%
514 High Bluff ct Milledgeville, GA Beautifully designed 4-bedroom, 3.5-bath home built in 2024, located in the desirable Dove...	4 beds \| 4 baths \| 2,600 sq.ft.	$639,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $2862 Airbnb ROI: N/A Traditional ROI: 2.73%
2401 River Ridge Milledgeville, GA Charming 3-Bedroom Home with Ample Outdoor Space!Welcome to your new sanctuary! This d...	3 beds \| 2 baths \| 2,052 sq.ft.	$175,000	Airbnb cash on cash: 9.82% Traditional cash on cash: 9.87% Airbnb Rental Income: $2861 Traditional Rental Income: $2203 Airbnb ROI: 9.82% Traditional ROI: 9.87%
2197 N Jefferson Milledgeville, GA Charming Fully Remodeled Brick Home Near Lake Sinclair & Country Club Welcome to this bea...	3 beds \| 3 baths \| 1,828 sq.ft.	$299,000	Airbnb cash on cash: 6.22% Traditional cash on cash: 5.26% Airbnb Rental Income: $2861 Traditional Rental Income: $1927 Airbnb ROI: 6.22% Traditional ROI: 5.26%
330 Greystone Milledgeville, GA Welcome to your dream home! Nestled in the prestigious, gated community of Greystone Arbor...	4 beds \| 4 baths \| 2,796 sq.ft.	$529,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $2865 Airbnb ROI: N/A Traditional ROI: 3.97%
1954 Twin Oaks Drive Milledgeville, GA Humble 3BR, 2BA home in in quiet neighborhood in North Milledgeville Carrington Woods subd...	3 beds \| 2 baths \| 1,448 sq.ft.	$235,000	Airbnb cash on cash: 7.55% Traditional cash on cash: 6.34% Airbnb Rental Income: $2861 Traditional Rental Income: $1926 Airbnb ROI: 7.55% Traditional ROI: 6.34%
106 Honeysuckle Ln NE Milledgeville, GA Welcome to this beautifully updated lakefront A-frame retreat, where modern design meets n...	4 beds \| 3 baths \| 3,121 sq.ft.	$899,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.06% Airbnb Rental Income: $null Traditional Rental Income: $3420 Airbnb ROI: N/A Traditional ROI: 2.06%
157 Oakwood Drive NW Milledgeville, GA This spacious and affordable 3 bedroom, 2 bath fee simple townhome offers the ultimate in ...	3 beds \| 2 baths \| 1,333 sq.ft.	$238,000	Airbnb cash on cash: 7.42% Traditional cash on cash: 6.46% Airbnb Rental Income: $2861 Traditional Rental Income: $1980 Airbnb ROI: 7.42% Traditional ROI: 6.46%

Real Estate investment in Milledgeville, GA

There are 139 properties for sale in the city of Milledgeville . The median list price in Milledgeville is $345,900 and the average price per square foot is $157. In October 2025, the average monthly cash on cash return in Milledgeville is 5.00%. The average monthly rental income in Milledgeville is $2,324.

Milledgeville, GA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 139 investment properties available for sale in Milledgeville.

In 2025, the best neighborhood to buy investment property is Milledgeville.

The ROI for Short-Term is higher than the Long-Term in Milledgeville with average rental income of $2,861.

Your search for investment property begins and ends here

Investment Property for Sale in Milledgeville, GA

122 Merry Ct

Milledgeville, GA

3 beds | 2 baths | 1,620 sq.ft.

$239,000

Airbnb cash on cash: 7.39%

Traditional cash on cash: 7.88%

Airbnb Rental Income: $2861

Traditional Rental Income: $2306

Airbnb ROI: 7.39%

Traditional ROI: 7.88%

618 Sara Hunter Lane

Milledgeville, GA

3 beds | 2 baths | 1,950 sq.ft.

$319,000

Airbnb cash on cash: 5.09%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $2861

Traditional Rental Income: $2186

Airbnb ROI: 5.09%

Traditional ROI: 5.06%

121 Montego Court

Milledgeville, GA

3 beds | 2 baths | 1,680 sq.ft.

$849,000

Airbnb cash on cash: 0.74%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $2861

Traditional Rental Income: $2427

Airbnb ROI: 0.74%

Traditional ROI: 1.04%

307 W LAKEVIEW DRIVE

Milledgeville, GA

3 beds | 3 baths | 2,841 sq.ft.

$924,999

Airbnb cash on cash: 1.11%

Traditional cash on cash: 2.18%

Airbnb Rental Income: $2861

Traditional Rental Income: $3116

Airbnb ROI: 1.11%

Traditional ROI: 2.18%

122 Ivey Weaver Rd

Milledgeville, GA

4 beds | 4 baths | 2,823 sq.ft.

$499,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.52%

Airbnb Rental Income: $null

Traditional Rental Income: $3568

Airbnb ROI: N/A

Traditional ROI: 5.52%

240 Southern Walk Dr.

Milledgeville, GA

4 beds | 3 baths | 3,190 sq.ft.

$494,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.46%

Airbnb Rental Income: $null

Traditional Rental Income: $2869

Airbnb ROI: N/A

Traditional ROI: 4.46%

221 Butler Rd

Milledgeville, GA

4 beds | 3 baths | 2,210 sq.ft.

$560,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2653

Airbnb ROI: N/A

Traditional ROI: 3.83%

151 Lake Drive NW

Milledgeville, GA

4 beds | 3 baths | 3,048 sq.ft.

$998,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.49%

Airbnb Rental Income: $null

Traditional Rental Income: $3370

Airbnb ROI: N/A