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Georgetown Apartment Complex Near UGA

350 S Pope Street Athens, GA 30605

350 S Pope Street, Athens, GA, 30605

$3,250,000

Pending

For Sale

$3,250,000

Pending

MULTI_FAMILY - Athens, GA

Property Size15,525 SF

Lot Size0.79 Acres

AddedMar 20

Days on Market119

Last RefreshJul 16 at 6:06 am

Property Features for 350 S Pope Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM-1
Bedrooms: 22
Bathrooms: 20
Rooms: Bathroom 3, Bedroom 7, Bathroom 5, Bathroom 11, Bedroom 10, Bedroom 5, Bathroom 19, Bedroom 8, Bathroom 7, Bedroom 1, Bathroom 18, Bedroom 13, Bedroom 12, Bathroom 12, Bedroom 22, Bathroom 4, Bathroom 9, Bedroom 9, Bedroom 11, Bathroom 13, Bedroom 3, Bedroom 18, Bedroom 20, Bathroom 20, Bedroom 16, Bedroom 21, Bathroom 8, Bedroom 4, Bathroom 10, Bedroom 2, Bedroom 14, Bathroom 2, Bathroom 17, Bedroom 17, Bathroom 6, Bathroom 16, Bedroom 6, Bathroom 15, Bedroom 19, Bathroom 1, Bedroom 15, Bathroom 14
Parking features: Parking Lot, Off Street
Appliances: Gas Water Heater
Standard status: Pending
APN: 171C1-B-016-A
Size: 15,525 SF
Lot size: 0.79 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 350 S POPE ST
Tax Annual Amount: 21061

Utilities

Sewer type: Public Sewer
Heating system: Central, Natural Gas
Cooling system: Central Air, Electric
Water source: Public

Building Details

Year built: 1968
Floors in Building: 2
Number of units: 10
Flooring type: Tile, Vinyl
Building materials: Brick
Roof type: Composition, Asphalt

Listing agent Joshua Chandler License #434395

Listing office Athens Real Estate Group, LLC P.O. Box 81284, Athens, GA

Listing date Mar 20, 2026

MLS# CL351580 Listing URL

Investment Insights

Based on property information with market context.

The Georgetown Apartment complex, located near downtown Athens, GA, and the UGA campus, features 10 units with 22 beds. The property is grandfathered in for a higher unit density than allowed by current zoning standards. The complex consists of eight 2-bed/2-bath units and two 3-bed/2-bath units. The property has a history of high occupancy, with all but one unit currently tenant-occupied; this unit requires significant rehabilitation. The 0.79-acre lot includes off-street parking with a mix of open and covered spaces, and a central laundry center on-site. The property is offered in AS-IS condition, and ownership recognizes the need for extensive renovation to drive the property to its full market potential. Given its proximity to UGA and Downtown Athens, there is potential and demand for a conversion to upscale condo units for resale without changing density count. The property size is 15,525 square feet and is located within earshot of Sanford Stadium.

Key Highlights

Grandfathered status allows for higher unit density.
Prime location near downtown Athens, GA and UGA campus.
Potential for conversion to upscale condo units.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$335.3k	$21.60
− Vacancy	−$19.4k	−$1.25
EGI	$315.9k	$20.35
− OpEx	−$142.2k	−$9.16
NOI	$173.7k	$11.19

15,525 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,740 @ 7.0% cap · market cap 5.35%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.74M

$3.27M – $4.37M (±1% cap)

NOI $261,983 @ 7.0% cap · market cap 8.06%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Georgetown Apartments Apartment Complex

Suggested Use

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For sale
Apartment buildings
GA
Athens
30605
350 S Pope Street

What type of property is this?

Apartment building - 10-unit apartment complex near downtown Athens and UGA campus.

Where is this apartment building located?

The property is located at 350 S Pope Street Athens, GA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Grandfathered status allows for higher unit density.; Prime location near downtown Athens, GA and UGA campus.; Potential for conversion to upscale condo units.

350 S Pope Street Athens, GA 30605

MULTI_FAMILY - Athens, GA

Property Features for 350 S Pope Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Multi-Building Commercial Parcel with Parking

Multi-Building Commercial Parcel

Office Condominium with 10-Foot Ceilings

28-Unit One-Bedroom Apartment Complex

Duplex with Finished Basements

Downtown Athens Retail/Commercial Space

Residential Income Property

Well-Maintained Duplex with Two Units

Brick Duplex with Updated Unit

Brick Duplex with Updated Unit

Two-Story Office Building with Double Frontage

Turn-Key 3BR Condo with Two Baths

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