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    Fully Leased Athens Triplex Investment Title is generated by Realmo AI

    150 Creekwood Drive, Athens, GA 30606

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    Pending
    $420,000

    MULTI_FAMILY - Athens, GA

    Property size:
    3,700 SF
    Lot size:
    0.55 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 150 Creekwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6
    Appliances
    Electric Water Heater
    Standard status
    Pending
    APN
    064C1 024
    Size
    3,700 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Description
    LOT: 24;

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    3
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Danielle Grier
    Danielle Grier

    Listing agent Danielle Grier License #359041

    Listing office Georgia Home Partners Realty PO Box 1251, Watkinsville, GA

    Listing date Mar 4, 2026

    MLS# CL349966 Listing URL

    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.

    HighLights

    • Fully leased triplex generating $3,100/month in rental income, providing immediate cash flow.
    • All leases secured through July 2026, ensuring stable and predictable income.
    • Prime Athens location with easy access to Downtown, UGA, Athens Technical College, shopping, dining, and major commuter routes.
    • Each unit features a desirable 2‑BR, 1‑BA layout attractive to renters.
    • Basement unit includes a private garage, enhancing tenant appeal and value.
    • Turnkey investment opportunity with reliable income and future upside potential.

    Overview

    This well-maintained triplex is an excellent income-producing investment opportunity located in Athens. The property is currently generating $3,100 per month in rental income with established tenants already in place, offering immediate cash flow. The property features three units, each with 2 bedrooms and 1 bathroom, with functional layouts attractive to long-term renters. The basement unit includes a private garage, adding additional value and tenant appeal. All leases are secured through July 2026, providing stability and predictable income. Situated in a convenient Athens location, the property offers easy access to Downtown Athens, the University of Georgia campus, Athens Technical College, shopping, dining, and major commuter routes including Loop 10 and Hwy 78. Its proximity to employment centers, schools, and everyday amenities continues to support strong rental demand. The property sits on a 0.55-acre lot and has a total size of 3,700 square feet. This turnkey triplex presents a solid opportunity with reliable income and future upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.4458012
    Latitude
    33.9670252

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex in Athens, generating $3,100 monthly with leases.
    Where is this triplex located?
    The property is located at 150 Creekwood Drive Athens, GA.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Fully leased triplex generating $3,100/month in rental income, providing immediate cash flow.; All leases secured through July 2026, ensuring stable and predictable income.; Prime Athens location with easy access to Downtown, UGA, Athens Technical College, shopping, dining, and major commuter routes.
    (706) 424-2568
    We can help!
    Listing Contact
    Danielle Grier
    Danielle Grier
    Real Estate License ID: 359041
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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