Under Contract

641/647 West Hancock Avenue Ave

Athens, GA 30601
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Bed 10

Bed

Bath 10

Bath

SqFt4,368

Sqft

Acres0.16

Acre(Lot)

Premier Student Housing Investment Opportunity – 10 Bedroom Duplex Near UGA Exceptional in-town investment opportunity in the heart of Athens. This 10-bedroom, 10-bathroom (5BR/5BA per side) duplex is ideally positioned just steps from the University of Georgia and walkable to Downtown Athens. Located in one of the most desirable student housing corridors, this property offers strong fundamentals and long-term upside. Each side features spacious layouts designed for student living, ample common areas, and dedicated private parking. The unbeatable location ensures consistent rental demand and premium occupancy levels year after year. Investment Highlights:     •    10 Bedrooms | 10 Bathrooms (5BR/5BA per unit)     •    Annual Gross Income: $198,230     •    Estimated CAP Rate: 5.62%      •    Approximately 29% Operating Expenses (on adjusted property taxes)     •    Strong student housing fundamentals     •    Private, spacious parking lot     •    Ideal 1031 exchange opportunity     •    Zoned RM1 – Multi-Family     •    Pedestrian access to UGA     •    Walkable to Downtown Athens This is a rare opportunity to acquire a stabilized, income-producing asset in an unbeatable intown location with proven rental performance and continued demand from the University of Georgia student population.

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Detail Ic Property Details

Property Type : Residential

Price : $2,500,000

AD Id : 76377676

MLS Id : CL350474

Beds : 10

Lot Size : 0.16 Acre

Living Area Size : 4,368

Year Built : 2008

County : Clarke

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 10 Full Baths: 10
  • Interior Features

    Appliances: Electric Water Heater Laundry Features: In Hall
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2008 Private Pool: No View: Panoramic

  • Lot Information

    Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6970

  • Listing Price Information

    Listing Price: $2500000

  • Tax Information

    Parcel Number: 171A3 A004

  • Location Information

    Direction: From North Milledge, take a left on West Hancock, property is on the right WaterSource: Public
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Nearby Home Value

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1361 Hull Road, Athens, GA, 30601 $297,000 2 2 1,416 1,416 SqFt
170 Kennedy Circle, Athens, GA, 30601 $239,990 4 2 1,300 1,300 SqFt
185 Berry Drive, Athens, GA, 30601 $295,000 3 2 1,134 1,134 SqFt
245 Helican Springs Road, Athens, GA, 30601 $380,000 3 2 2,070 2,070 SqFt
245 Helican Springs Road, Athens, GA, 30601 $380,000 3 3 2,070 2,070 SqFt
360 Martin Circle, Athens, GA, 30601 $229,900 3 1 1,000 1,000 SqFt
360 Martin Circle, Athens, GA, 30601 $229,900 3 1 1,000 1,000 SqFt
300 Martin Circle, Athens, GA, 30601 $230,000 4 1 1,050 1,050 SqFt
2022 Oconee Bluff Drive, Athens, GA, 30601 $431,663 3 2 --
2022 Oconee Bluff Drive, Athens, GA, 30601 $431,663 3 2 2,086 2,086 SqFt

The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/19/2026 @ 13:49

MLS: CL350474 LISTED BY: Heather Fincher, CollegeTown Properties LLC SOURCE: Hive MLS (North Carolina Regional)

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