New

394 Oconee Street #21, E4, F5, F12

Athens, GA 30601
Mark as Favorite
Bed 16

Bed

Bath 8

Bath

SqFt5,791

Sqft

Rare opportunity to acquire a fully leased, 16-bedroom investment portfolio in prime locations near UGA and Downtown Athens! This bulk offering includes four 4-bedroom condos-three in Milledge Place on South Milledge Avenue and one in Steeplechase on Oconee Street. Fully leased through July 31, 2027, the portfolio offers dependable forward income, operating efficiencies and potential tax advantages for qualifying investors using accelerated depreciation or 1031 exchange. Steeplechase is an established 21-unit condominium community ideally located on Oconee Street in Downtown Athens. All 21 condos feature four bedrooms, two baths, on-site parking & in-unit laundry. Its highly walkable location provides convenient access to UGA, downtown dining, shopping and entertainment, as well as the nearby North Oconee River Greenway. Steeplechase also occupies a unique place in Athens history beside the preserved St. Mary's Steeple, the site where R.E.M. played its first show in 1980. This rare combination of location, functional floorplan, parking and cultural significance supports Steeplechase's enduring appeal as an Athens investment property. Steeplechase is surrounded by UGA, The HUB Apartments ($78 Million*), The Mark ($183 Million*), The Rive ($14 Million*) & More. *Value from recent sale or 2026 Tax Assessed value. Milledge Place is an established 74-unit condominium community located on S Milledge Avenue, just outside the Athens Perimeter but close to Five Points, UGA and Downtown Athens. The community features brick exteriors, a mix of two-, three- and four-bedroom floorplans, a swimming pool, ample parking, covered bicycle parking, bus stop at the entrance & sidewalks to Campus & Downtown! UGA's golf course, soccer, softball and new track-and-field facilities, along with the State Botanical Garden of Georgia, are all nearby. Milledge Place offers investors the opportunity to own in an established community with the coveted Milledge Avenue address.

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Detail Ic Property Details

Property Type : Residential

Price : $1,100,000

AD Id : 88100178

MLS Id : 10806605

Beds : 16

Living Area Size : 5,791

Year Built : 1990

County : Clarke

Subdivision: Steeplechase

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 16 Bedrooms On Upper Level: 6 Bedrooms On Lower Level: 6 Main Bedrooms: 4 Room Type: Other Window Features: Insulated Windows

    Bathroom Information

    Total Baths: 8 Full Baths: 8 Half Baths: 0 Full Baths Main: 2 Baths Full Lower: 3 Baths Full Upper: 3

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Other Flooring: Other

    Appliances

    Other

    Utilities

    Underground Utilities
  • Cooling Features

    Central Air,Electric,Heat Pump

    Heating Source

    Central,Electric,Heat Pump

    Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 1990 Roof Type: Composition Basement: None Levels: Three Or More Property Age: 36
  • Laundry Features

    In Hall,In Kitchen

    Patio And Porch

    Deck

    Construction Materials

    Brick,Vinyl Siding

    Property Condition

    Resale

  • Lot Information

    Lot Size (Acr): 0 Lot Size Source: Public Records Lot Features: Other
  • Property Information

    Property Type: Residential Property Sub Type: Condominium Structure Type: Other Subdivision: Steeplechase City: Athens State: GA Directions: From Downtown Athens, turn left on E Clayton St. Right on N Jackson St. Left on E Broad St. Right on Oconee St. Condo is on the right. Property Status: New

  • Listing Price Information

    Original List Price: $1,100,000

  • Tax Information

    Annual Tax: $14313 Tax Year: 2026
  • Home Warranty

    Home Warranty Paid: No

  • Parking Information

    Parking: 0 Parking Features: Off Street
  • Homeowners Association Information

    Association: Yes Annual Association Fee: 10956 Calculated Total Monthly Association Fees: 10956 Association Fee Includes: Other Community Features: Pool

  • School Information

    Elementary School: Barrow High School: Clarke Central Middle School: Clarke Source Neighborhood: Steeplechase
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
250 Little Street #C210, Athens, GA, 30601 $195,000 2 1 --
145 Noketchee Drive, Athens, GA, 30601 $278,000 2 3 --
211 North Avenue #1225, Athens, GA, 30601 $225,000 2 2 854 854 SqFt
211 North Avenue #1125, Athens, GA, 30601 $235,000 2 2 854 854 SqFt
394 Oconee Street #21, .., Athens, GA, 30601 $1,100,000 16 8 5,791 5,791 SqFt
755 E Broad Street #803, Athens, GA, 30601 $455,000 1 1 676 676 SqFt
211 N Avenue 1225, Athens, GA, 30601 $225,000 2 2 854 854 SqFt
118 Ruth Drive #310, Athens, GA, 30601 $649,000 4 4 3,003 3,003 SqFt
118 Ruth Drive #130, Athens, GA, 30601 $475,000 4 3 2,290 2,290 SqFt
118 Ruth Drive #610, Athens, GA, 30601 $524,900 4 3 2,137 2,137 SqFt
MLS Logo

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

ByOwner last updated this listing 07/19/2026 @ 13:12

MLS: 10806605 LISTED BY: Michael Healy, Woodall Realty Group 706-621-6085 SOURCE: Georgia MLS

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