Georgetown Apartment Complex Near
350 S Pope Street, Athens, GA 30605
- Added:
- Mar 20, 2026
- Days on Market:
- 73
- Last Refresh:
- May 31 at 6:06 pm
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
- Bedroom 21, Bedroom 19, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 11, Bedroom 18, Bedroom 14, Bedroom 12, Bedroom 15, Bedroom 1, Bedroom 11, Bathroom 16, Bedroom 13, Bedroom 6, Bedroom 22, Bathroom 3, Bathroom 13, Bathroom 6, Bathroom 12, Bedroom 8, Bathroom 14, Bathroom 4, Bedroom 3, Bathroom 10, Bedroom 10, Bathroom 9, Bedroom 20, Bathroom 7, Bathroom 8, Bathroom 1, Bedroom 17, Bedroom 16, Bathroom 15, Bathroom 20, Bedroom 4, Bedroom 5, Bathroom 18, Bathroom 19, Bathroom 5, Bathroom 17, Bedroom 9
- Parking features
- Off Street, Parking Lot
- 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
- Asphalt, Composition
Listing agent Joshua Chandler License #434395 (706) 207-2521
Listing office Athens Real Estate Group, LLC P.O. Box 81284, Athens, GA (706) 549-7417
Listing date Mar 20, 2026
MLS# CL351580
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
- Grandfathered status allows for higher unit density.
- Prime location near downtown Athens, GA and UGA campus.
- Potential for conversion to upscale condo units.
- Existing 10‑unit apartment complex with 22 beds.
- Mix of (8) 2 bed/2 bath and (2) 3 bed/2 bath units.
- Off‑street parking and on‑site laundry center.
Overview
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.
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 | $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
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
NOI $261,983 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Georgetown Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.383445
- Latitude
- 33.952497
Nearby Similar for Sale
FAQs
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.
