Residential Income
1165 Cedar Shoals Drive Athens, GA 30605
1165 Cedar Shoals Drive, Athens, GA, 30605
$799,000
For Sale
$799,000
SINGLE_FAMILY - Athens, GA
Property Size3,224 SF
Lot Size0.59 Acres
Price / SF$247.83
Days on Market10
Property Features for 1165 Cedar Shoals Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-O
- Parking
- 15
- Appliances
- Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 241-005-Z
- Size
- 3,224 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT: 6; DEEDED ACS: 0.585
- Tax Annual Amount
- 4740
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Athens Real Estate Associates, Inc.
(706) 850-6064
1160 S Milledge Ave, Athens, GA
Listed by
Michelle Farmer · License #303057
(706) 614-6947
Added: Jul 9 Checked: Jul 18 at 7:06 pm
MLS# CL360366
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is offered for sale at 1165 Cedar Shoals Drive in Athens, GA 30605. The property is listed as a single-family residential income asset and includes approximately 3,224 square feet of building area on a 0.59-acre lot.
The property is zoned C-O. Additional details on interior layout, unit configuration, and any income-producing features are not provided in the available information.
The property is zoned C-O. Additional details on interior layout, unit configuration, and any income-producing features are not provided in the available information.
Key Highlights
- Brick construction with vinyl flooring
- Central heating and central air conditioning with electric heat
- Public water and public sewer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $21.60 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $65.6k | $20.35 |
| − OpEx | −$29.5k | −$9.16 |
| NOI | $36.1k | $11.19 |
3,224 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$515.4K
$451.0K – $601.3K
NOI $36,080 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Turner and Patat PC
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Residential income property on a 0.59-acre lot in Clarke County, zoned C-O.
Where is this single family property located?
The property is located at 1165 Cedar Shoals Drive Athens, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Brick construction with vinyl flooring; Central heating and central air conditioning with electric heat; Public water and public sewer
