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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
183 Lakeview Drive Milledgeville, GA LOCATION, LOCATION, LOCATION! BIG LAKE VIEWS!!! Come to 183 East La...	4 beds \| 4 baths \| 4,461 sq.ft.	$1,349,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $3169 Airbnb ROI: N/A Traditional ROI: 0.54%
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%
241 S Irwin Street #60 Milledgeville, GA Well maintained first floor 2 bedroom/2 bath condo located in Grove Park with open living ...	2 beds \| 2 baths \| 1,120 sq.ft.	$140,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 7.62% Airbnb Rental Income: $1142 Traditional Rental Income: $1601 Airbnb ROI: 1.38% Traditional ROI: 7.62%
116 ISLAND DRIVE Milledgeville, GA This exquisite lakefront estate offers breathtaking, panoramic views of Lake Sinclair from...	5 beds \| 4 baths \| 5,034 sq.ft.	$1,299,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 1.09% Airbnb Rental Income: $3969 Traditional Rental Income: $3724 Airbnb ROI: 0.59% Traditional ROI: 1.09%
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%
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%
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%
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.	$439,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.73% Airbnb Rental Income: $null Traditional Rental Income: $2873 Airbnb ROI: N/A Traditional ROI: 5.73%
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.	$819,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.33% Airbnb Rental Income: $null Traditional Rental Income: $7290 Airbnb ROI: N/A Traditional ROI: 8.33%
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%
241 Lakeside Drive Milledgeville, GA 241 Lakeside Dr-The cutest cottage! This 3/4BR & 2BA home in Carrington Woods is just what...	3 beds \| 2 baths \| 1,991 sq.ft.	$229,900	Airbnb cash on cash: 8.15% Traditional cash on cash: 9.02% Airbnb Rental Income: $2861 Traditional Rental Income: $2384 Airbnb ROI: 8.15% Traditional ROI: 9.02%
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.	$279,800	Airbnb cash on cash: 6.51% Traditional cash on cash: 2.37% Airbnb Rental Income: $2861 Traditional Rental Income: $1104 Airbnb ROI: 6.51% Traditional ROI: 2.37%
104 Willow Trace Court Milledgeville, GA This beautiful home is inside Willow Forest. It has 4 Bedrooms, 2 1/2 baths and is on 0.84...	4 beds \| 3 baths \| 2,000 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $2611 Airbnb ROI: N/A Traditional ROI: 5.56%
3674 Sussex Milledgeville, GA Country Club Estates is THE hotspot right now for buyers! This home features FIVE bedrooms...	5 beds \| 2 baths \| 2,258 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $2395 Airbnb ROI: N/A Traditional ROI: 4.24%
251 Pettigrew RD Milledgeville, GA The Ultimate Country Escape - Just Outside Milledgeville! Discover peaceful living in this...	3 beds \| 2 baths \| 2,129 sq.ft.	$486,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 3.64% Airbnb Rental Income: $2861 Traditional Rental Income: $2619 Airbnb ROI: 2.71% Traditional ROI: 3.64%
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%
180 Arbor Way Milledgeville, GA Welcome to 180 Arbor Way, an exceptional residence in the sought-after Greystone Arbor com...	3 beds \| 4 baths \| 2,466 sq.ft.	$615,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 0.76% Airbnb Rental Income: $2861 Traditional Rental Income: $1629 Airbnb ROI: 1.75% Traditional ROI: 0.76%
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%
132 Newport Road Milledgeville, GA This beautifully crafted 3 bedroom, 2.5 bathroom home is located in the highly desirable A...	3 beds \| 3 baths \| 2,488 sq.ft.	$499,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 2.99% Airbnb Rental Income: $2861 Traditional Rental Income: $2384 Airbnb ROI: 2.59% Traditional ROI: 2.99%
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%
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%
173 Highview Road Milledgeville, GA Beautifully renovated 3 bedroom 2 bath home on a .70 acre lot conveniently located to down...	3 beds \| 2 baths \| 1,216 sq.ft.	$120,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 11.53% Airbnb Rental Income: $641 Traditional Rental Income: $1575 Airbnb ROI: 0.9% Traditional ROI: 11.53%
117 Island Drive Milledgeville, GA Charming 3BR/2BA Manufactured Home with Lake Views and Modern Updates Discover the perfec...	3 beds \| 2 baths \| 1,404 sq.ft.	$200,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 7.89% Airbnb Rental Income: $1627 Traditional Rental Income: $1820 Airbnb ROI: 4.45% Traditional ROI: 7.89%
116 Island Milledgeville, GA This exquisite lakefront estate offers breathtaking, panoramic views of Lake Sinclair from...	4 beds \| 4 baths \| 5,034 sq.ft.	$1,299,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 1.3% Airbnb Rental Income: $3498 Traditional Rental Income: $3629 Airbnb ROI: 0.55% Traditional ROI: 1.3%
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%
117 Island Milledgeville, GA Charming 3BR/2BA Manufactured Home with Community Lake Access and Modern Updates Discov...	3 beds \| 2 baths \| 1,404 sq.ft.	$200,000	Airbnb cash on cash: 5.19% Traditional cash on cash: 7.5% Airbnb Rental Income: $1796 Traditional Rental Income: $1746 Airbnb ROI: 5.19% Traditional ROI: 7.5%
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 Welcome to this beautiful 4-bedroom, 2.5-bath brick ranch situated on a picturesque tract ...	4 beds \| 3 baths \| 2,947 sq.ft.	$479,900	Airbnb cash on cash: 3.84% Traditional cash on cash: 4.47% Airbnb Rental Income: $3265 Traditional Rental Income: $2815 Airbnb ROI: 3.84% Traditional ROI: 4.47%
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%

Real Estate investment in Milledgeville, GA

There are 153 properties for sale in the city of Milledgeville . The median list price in Milledgeville is $369,500 and the average price per square foot is $159. In September 2025, the average monthly cash on cash return in Milledgeville is 5.00%. The average monthly rental income in Milledgeville is $2,386.

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

There are 153 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

183 Lakeview Drive

Milledgeville, GA

4 beds | 4 baths | 4,461 sq.ft.

$1,349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.54%

Airbnb Rental Income: $null

Traditional Rental Income: $3169

Airbnb ROI: N/A

Traditional ROI: 0.54%

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%

241 S Irwin Street #60

Milledgeville, GA

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

$140,000

Airbnb cash on cash: 1.38%

Traditional cash on cash: 7.62%

Airbnb Rental Income: $1142

Traditional Rental Income: $1601

Airbnb ROI: 1.38%

Traditional ROI: 7.62%

116 ISLAND DRIVE

Milledgeville, GA

5 beds | 4 baths | 5,034 sq.ft.

$1,299,900

Airbnb cash on cash: 0.59%

Traditional cash on cash: 1.09%

Airbnb Rental Income: $3969

Traditional Rental Income: $3724

Airbnb ROI: 0.59%

Traditional ROI: 1.09%

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%

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%

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