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
3027 Heritage Rd Milledgeville, GA Looking for space for a large family or the perfect in-town rental investment? Look no fur...	5 beds \| 4 baths \| 3,651 sq.ft.	$329,000	Airbnb cash on cash: 9.85% Traditional cash on cash: 9.42% Airbnb Rental Income: $4705 Traditional Rental Income: $3597 Airbnb ROI: 9.85% Traditional ROI: 9.42%
241 S Irwin Street Milledgeville, GA Perfect location - walking distance to colleges & downtown. Great college complex with 2 b...	2 beds \| 3 baths \| 1,120 sq.ft.	$154,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 8.03% Airbnb Rental Income: $924 Traditional Rental Income: $1726 Airbnb ROI: 0.3% Traditional ROI: 8.03%
109 Lakeview Court Milledgeville, GA Recently renovated Lake Sinclair waterfront home located on a point lot in the most desira...	4 beds \| 3 baths \| 3,286 sq.ft.	$1,695,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 0.5% Airbnb Rental Income: $2175 Traditional Rental Income: $3087 Airbnb ROI: -0.43% Traditional ROI: 0.5%
300 Pebble Hollow Milledgeville, GA Looking for privacy in a great neighborhood. Just minutes from schools, Kroger, the Club a...	5 beds \| 4 baths \| 4,318 sq.ft.	$800,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 3.05% Airbnb Rental Income: $4705 Traditional Rental Income: $3794 Airbnb ROI: 2.97% Traditional ROI: 3.05%
177 Lakeshore Circle Milledgeville, GA Welcome to your dream lakefront retreat in Milledgeville on Lake Sinclair-where comfort, c...	4 beds \| 3 baths \| 2,284 sq.ft.	$724,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 2.29% Airbnb Rental Income: $2175 Traditional Rental Income: $2937 Airbnb ROI: 0.35% Traditional ROI: 2.29%
139 Couch Road NW Milledgeville, GA Completely reimagined and beautifully renovated, this Lake Sinclair home offers the feel o...	3 beds \| 3 baths \| 2,228 sq.ft.	$949,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 1.39% Airbnb Rental Income: $1329 Traditional Rental Income: $3014 Airbnb ROI: -0.98% Traditional ROI: 1.39%
177 NE Lakeshore Circle Milledgeville, GA Welcome to your dream lakefront retreat in Milledgeville on Lake Sinclair-where comfort, c...	4 beds \| 3 baths \| 2,284 sq.ft.	$724,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 2.17% Airbnb Rental Income: $2175 Traditional Rental Income: $2851 Airbnb ROI: 0.35% Traditional ROI: 2.17%
240 Southern Walk Milledgeville, GA Beautifully upgraded 4-bedroom, 3-bath home offering the perfect blend of comfort and func...	4 beds \| 3 baths \| 3,190 sq.ft.	$479,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 3.25% Airbnb Rental Income: $2175 Traditional Rental Income: $2454 Airbnb ROI: 1.39% Traditional ROI: 3.25%
3631 Sussex Drive Milledgeville, GA Your Dream Home Awaits - Fully Updated & Move-In Ready! Welcome home to this charming 3-be...	3 beds \| 2 baths \| 1,884 sq.ft.	$397,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.61% Airbnb Rental Income: $1329 Traditional Rental Income: $2147 Airbnb ROI: 0.31% Traditional ROI: 3.61%
141 Grimes Road Milledgeville, GA STUNNING Lake Sinclair New Construction in a super convenient location!! Close to all groc...	3 beds \| 4 baths \| N/A	$1,499,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 0.48% Airbnb Rental Income: $1627 Traditional Rental Income: $2296 Airbnb ROI: -0.33% Traditional ROI: 0.48%
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.	$945,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 2.52% Airbnb Rental Income: $2175 Traditional Rental Income: $3370 Airbnb ROI: 0.54% Traditional ROI: 2.52%
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.	$424,500	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.9% Airbnb Rental Income: $2175 Traditional Rental Income: $2873 Airbnb ROI: 2.76% Traditional ROI: 5.9%
61 Oak Avenue Milledgeville, GA Completely updated 3BR/1BA home just looking for its new owner. This home is conveniently ...	3 beds \| 1 baths \| 984 sq.ft.	$137,500	Airbnb cash on cash: 4.79% Traditional cash on cash: 8.52% Airbnb Rental Income: $1329 Traditional Rental Income: $1411 Airbnb ROI: 4.79% Traditional ROI: 8.52%
118 NW Couch Road Milledgeville, GA Welcome to lake life at its finest! Nestled among mature trees on a beautiful lot with ove...	2 beds \| 2 baths \| 1,194 sq.ft.	$625,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 2.29% Airbnb Rental Income: $924 Traditional Rental Income: $2099 Airbnb ROI: -0.31% Traditional ROI: 2.29%
1703 Sara Hunter Lane Milledgeville, GA 1703 Sara Hunter Ln. Great Looking 4BR/3BA home in N. Baldwin County. Living room is spaci...	4 beds \| 3 baths \| 2,181 sq.ft.	$324,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 6.75% Airbnb Rental Income: $2175 Traditional Rental Income: $2502 Airbnb ROI: 3.87% Traditional ROI: 6.75%
112 S CAY DRIVE Milledgeville, GA Welcome to 112 S. Cay Drive, a refined lakefront retreat on beautiful Lake Sinclair where ...	5 beds \| 7 baths \| 5,586 sq.ft.	$2,400,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.93% Airbnb Rental Income: $4705 Traditional Rental Income: $7629 Airbnb ROI: 0.18% Traditional ROI: 1.93%
226 Lake Laurel Road Milledgeville, GA This one-level brick home sits on almost 1 acre of land. It has a double carport, metal ro...	3 beds \| 2 baths \| 1,609 sq.ft.	$239,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 6.34% Airbnb Rental Income: $1329 Traditional Rental Income: $1957 Airbnb ROI: 1.74% Traditional ROI: 6.34%
1683 Sara Hunter Lane Milledgeville, GA This is a great resale home that is only 6 years old. Plenty of room with over 2100 sqft 4...	4 beds \| 3 baths \| 2,150 sq.ft.	$324,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 6.41% Airbnb Rental Income: $2175 Traditional Rental Income: $2502 Airbnb ROI: 3.53% Traditional ROI: 6.41%
383 HUB DENT RD. Milledgeville, GA Nice level lake lot leading down to great lake views, deep water, a single slip boathouse,...	3 beds \| 3 baths \| 1,998 sq.ft.	$540,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 3.19% Airbnb Rental Income: $1329 Traditional Rental Income: $2668 Airbnb ROI: -0.28% Traditional ROI: 3.19%
211 Lakecrest Drive Milledgeville, GA REMODELED!!! The View, The Location, The Sandy Beach, The Home, The Cove, The Porch, and W...	5 beds \| 4 baths \| 3,928 sq.ft.	$1,650,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 1.48% Airbnb Rental Income: $4705 Traditional Rental Income: $4223 Airbnb ROI: 1.16% Traditional ROI: 1.48%
300 Pebble Hollow Drive Milledgeville, GA Large home in Greystone Arbor on Pebble Hollow Road. This great 5 bedroom 3.5 bath home is...	5 beds \| 4 baths \| 4,918 sq.ft.	$800,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 3.15% Airbnb Rental Income: $4705 Traditional Rental Income: $3973 Airbnb ROI: 2.83% Traditional ROI: 3.15%
243 Minor Road Milledgeville, GA BUYER INCENTIVE Seller is offering $4,000 towards closing cost with acceptable offer**...	3 beds \| 2 baths \| 1,894 sq.ft.	$278,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 5.53% Airbnb Rental Income: $1329 Traditional Rental Income: $2054 Airbnb ROI: 1.19% Traditional ROI: 5.53%
132 Allen Memorial Drive Milledgeville, GA 132 Allen Memorial Drive, Milledgeville, GA. This 3-bedroom, 2-bath home offers 1,556 sq. ...	3 beds \| 2 baths \| 1,556 sq.ft.	$190,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 7.41% Airbnb Rental Income: $1329 Traditional Rental Income: $1776 Airbnb ROI: 2.66% Traditional ROI: 7.41%
3718 Sussex Dr Milledgeville, GA LOCATION. LIFESTYLE. SPACE. Welcome to 3718 Sussex Drive, perfectly positioned on the main...	3 beds \| 3 baths \| 2,200 sq.ft.	$417,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.75% Airbnb Rental Income: $1329 Traditional Rental Income: $2305 Airbnb ROI: 0.2% Traditional ROI: 3.75%
2090 Jefferson St Milledgeville, GA Unique find--Custom Brick home, wood fence, and 5.64 acres of land, just miles from downto...	N/A beds \| N/A baths \| 2,816 sq.ft.	$1,599,999	Airbnb cash on cash: -1.65% Traditional cash on cash: -0.96% Airbnb Rental Income: $811 Traditional Rental Income: $1518 Airbnb ROI: -1.65% Traditional ROI: -0.96%
296 SE Kings Road Milledgeville, GA Charming Brick Ranch just outside of Milledgeville's City Limits (only 2.8 miles)! This ho...	3 beds \| 2 baths \| N/A	$175,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 10.75% Airbnb Rental Income: $1329 Traditional Rental Income: $2203 Airbnb ROI: 3.04% Traditional ROI: 10.75%
3779 Sussex Drive Milledgeville, GA Beautiful home with fully finished Basement apartment in Country Club Estates. New Roof, n...	4 beds \| 4 baths \| 2,882 sq.ft.	$469,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 4.77% Airbnb Rental Income: $2175 Traditional Rental Income: $3033 Airbnb ROI: 1.57% Traditional ROI: 4.77%
116 Buckeye Lane Milledgeville, GA Don't wait for the opportunity to own this beautiful 2-bedroom, 2-bath Lake Sinclair home ...	2 beds \| 2 baths \| 2,112 sq.ft.	$449,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 3.98% Airbnb Rental Income: $924 Traditional Rental Income: $2569 Airbnb ROI: -0.75% Traditional ROI: 3.98%
143 Park Avenue Milledgeville, GA Great investment opportunity in Milledgeville! This spacious 4 bedroom, 1.5 bathroom home ...	4 beds \| 2 baths \| 1,152 sq.ft.	$135,000	Airbnb cash on cash: 9.89% Traditional cash on cash: 9.04% Airbnb Rental Income: $2175 Traditional Rental Income: $1513 Airbnb ROI: 9.89% Traditional ROI: 9.04%
100 MISENHEIMER ROAD Milledgeville, GA This MINT CONDITION ONE LEVEL lake home with SEPARATE GUEST COTTAGE has it all! LOVED and ...	3 beds \| 3 baths \| 1,464 sq.ft.	$649,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 2.52% Airbnb Rental Income: $1329 Traditional Rental Income: $2513 Airbnb ROI: -0.11% Traditional ROI: 2.52%
921 N Wayne Street Milledgeville, GA If you have been waiting for the right home at the right price, this is the one to move on...	2 beds \| 1 baths \| 884 sq.ft.	$89,900	Airbnb cash on cash: 2.71% Traditional cash on cash: 11.93% Airbnb Rental Income: $924 Traditional Rental Income: $1391 Airbnb ROI: 2.71% Traditional ROI: 11.93%
135 E Lakeview Drive NE Milledgeville, GA Wake up to some of the best sunrises on the lake in this updated 4-bedroom, 3-bath home on...	4 beds \| 3 baths \| 2,793 sq.ft.	$949,500	Airbnb cash on cash: 0.09% Traditional cash on cash: 1.93% Airbnb Rental Income: $2175 Traditional Rental Income: $3254 Airbnb ROI: 0.09% Traditional ROI: 1.93%
140 NE Silver Birch Ln Milledgeville, GA LUXURY LIVING AT LAKE SINCLAIR! MILLION DOLLAR VIEWS, LOCATION, TURNKEY, AMENITIES! Check!...	4 beds \| 5 baths \| 3,931 sq.ft.	$1,100,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 2.21% Airbnb Rental Income: $5211 Traditional Rental Income: $4911 Airbnb ROI: 1.47% Traditional ROI: 2.21%
696 W Hwy 49 Milledgeville, GA Welcome home to pecan trees lining your driveway and animals running in your pasture. This...	4 beds \| 2 baths \| 1,907 sq.ft.	$429,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 1.9% Airbnb Rental Income: $2175 Traditional Rental Income: $1624 Airbnb ROI: 1.9% Traditional ROI: 1.9%
3027 McComb Court NE Milledgeville, GA Offers to be placed. Interior inspections are not available, do not trespass! Forward all ...	4 beds \| 3 baths \| 3,015 sq.ft.	$259,150	Airbnb cash on cash: 4.34% Traditional cash on cash: 4.55% Airbnb Rental Income: $2175 Traditional Rental Income: $1674 Airbnb ROI: 4.34% Traditional ROI: 4.55%
418 Riley Cir NW Milledgeville, GA Welcome to this almost-new, beautifully maintained 3-bedroom, 2-bath home in the desirable...	3 beds \| 2 baths \| 1,865 sq.ft.	$329,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.4% Airbnb Rental Income: $1329 Traditional Rental Income: $1454 Airbnb ROI: 0.67% Traditional ROI: 2.4%
221 Commodore Dr NW Milledgeville, GA SELLER IS OFFERING A $10,000 INCENTIVE on this great property! Can be used for closing cos...	3 beds \| 3 baths \| 2,584 sq.ft.	$740,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 0.79% Airbnb Rental Income: $1329 Traditional Rental Income: $1958 Airbnb ROI: -0.72% Traditional ROI: 0.79%
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.	$799,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 1.94% Airbnb Rental Income: $3265 Traditional Rental Income: $2966 Airbnb ROI: 1.36% Traditional ROI: 1.94%
131 Chumley Road Milledgeville, GA Welcome to this stunning lakefront home in the sought-after Club at Lake Sinclair. This cu...	5 beds \| 4 baths \| 4,615 sq.ft.	$1,189,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 1.31% Airbnb Rental Income: $4705 Traditional Rental Income: $3217 Airbnb ROI: 1.77% Traditional ROI: 1.31%

Real Estate investment in Milledgeville, GA

There are 310 properties for sale in the city of Milledgeville . The median list price in Milledgeville is $324,450 and the average price per square foot is $144. In May 2026, the average monthly cash on cash return in Milledgeville is 5.00%. The average monthly rental income in Milledgeville is $2,054.

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

There are 310 investment properties available for sale in Milledgeville.

In 2026, the best neighborhood to buy investment property is Milledgeville.

The ROI for Long-Term is higher than the Short-Term in Milledgeville with average rental income of $2,054.

Your search for investment property begins and ends here

Investment Property for Sale in Milledgeville, GA

3027 Heritage Rd

Milledgeville, GA

5 beds | 4 baths | 3,651 sq.ft.

$329,000

Airbnb cash on cash: 9.85%

Traditional cash on cash: 9.42%

Airbnb Rental Income: $4705

Traditional Rental Income: $3597

Airbnb ROI: 9.85%

Traditional ROI: 9.42%

241 S Irwin Street

Milledgeville, GA

2 beds | 3 baths | 1,120 sq.ft.

$154,900

Airbnb cash on cash: 0.3%

Traditional cash on cash: 8.03%

Airbnb Rental Income: $924

Traditional Rental Income: $1726

Airbnb ROI: 0.3%

Traditional ROI: 8.03%

109 Lakeview Court

Milledgeville, GA

4 beds | 3 baths | 3,286 sq.ft.

$1,695,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $2175

Traditional Rental Income: $3087

Airbnb ROI: -0.43%

Traditional ROI: 0.5%

300 Pebble Hollow

Milledgeville, GA

5 beds | 4 baths | 4,318 sq.ft.

$800,000

Airbnb cash on cash: 2.97%

Traditional cash on cash: 3.05%

Airbnb Rental Income: $4705

Traditional Rental Income: $3794

Airbnb ROI: 2.97%

Traditional ROI: 3.05%

177 Lakeshore Circle

Milledgeville, GA

4 beds | 3 baths | 2,284 sq.ft.

$724,900

Airbnb cash on cash: 0.35%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $2175

Traditional Rental Income: $2937

Airbnb ROI: 0.35%

Traditional ROI: 2.29%

139 Couch Road NW

Milledgeville, GA

3 beds | 3 baths | 2,228 sq.ft.

$949,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: 1.39%

Airbnb Rental Income: $1329

Traditional Rental Income: $3014

Airbnb ROI: -0.98%

Traditional ROI: 1.39%

177 NE Lakeshore Circle

Milledgeville, GA

4 beds | 3 baths | 2,284 sq.ft.

$724,900

Airbnb cash on cash: 0.35%

Traditional cash on cash: 2.17%

Airbnb Rental Income: $2175

Traditional Rental Income: $2851

Airbnb ROI: 0.35%

Traditional ROI: 2.17%

240 Southern Walk

Milledgeville, GA

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

$479,000

Airbnb cash on cash: 1.39%

Traditional cash on cash: 3.25%

Airbnb Rental Income: $2175

Traditional Rental Income: $2454

Airbnb ROI: 1.39%