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    Triplex Residential Rental Property Title is generated by Realmo AI

    575 Vaughn Road, Athens, GA 30606

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    For Sale
    $429,990

    MULTI_FAMILY - Athens, GA

    Property size:
    2,325 SF
    Lot size:
    2.22 Acres
    Price / SF:
    $184/SF
    Added:
    Sep 18, 2025
    Days on Market:
    261
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 575 Vaughn Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    072A 004
    Size
    2,325 SF
    Lot size
    2.22 Acres

    Taxes and HOA fees

    Tax Description
    LOT 3 - 2.22 AC - PB I/99

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating), Central
    Cooling system
    Electric, Central Air, Heat Pump
    Water source
    Private, Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    3
    Building materials
    HardiPlank Type

    We can help!

    Listing Contact
    Ellen West

    Listing agent Ellen West License #407755

    Listing office RAC Properties of Athens, Inc. 149 Ben Burton Circle, Bogart, GA

    Listing date Sep 18, 2025

    MLS# CL340072

    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

    • 2.22 wooded acres backing up to the Oconee River with direct river front
    • Tri‑plex with 3 units: Unit A 600 SF 1BD/1BA, Unit B 1,400 SF 2BD/2BA, Unit C 850 SF 1BD/1BA
    • Rents noted: Unit A $1,100, Unit B $1,400, Unit C $1,150
    • Each unit has its own central heating/cooling; heating includes electric, heat pump, and central
    • Washer/dryer hookups in all units; shared well and septic tank
    • HardiPlank Type construction and electric water heater

    Overview

    This tri-plex includes three separate residential units within one property. Unit A is a 1-bedroom, 1-bath home with washer/dryer hookups and updated 100% LVP flooring. Unit B is a two-story, 2-bedroom, 2-bath unit with a private porch and a washer/dryer hookup. Unit C is a 1-bedroom, 1-bath unit with 100% LVP flooring, a deck, and washer/dryer hookups. The units share a well and septic, and the property has a durable metal roof with age not provided. Each unit is served by its own central heating and air conditioning, with ages varying by unit.

    The property sits on approximately 2.22 wooded acres and backs up to the Oconee River, offering a more private, nature-oriented setting. Direct river access is described as available from the property, along with ample outdoor yard space.

    For investors seeking a small multi-family asset, this tri-plex provides three income-producing residences under one roof, each with its own HVAC system. Current market rents are provided in the listing materials: Unit A at $1,100, Unit B at $1,400, and Unit C at $1,150. The on-site configuration and shared utilities make day-to-day management straightforward for a single-property owner, while the varied unit layouts support a range of tenant needs.

    Local Financial Insights For Multifamily LT 5

    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 $42.7k $18.36
    − Vacancy −$2.4k −$1.01
    EGI $40.3k $17.35
    − OpEx −$12.1k −$5.20
    NOI $28.2k $12.14
    2,325 SF · lease $18.36/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $403.3K
    $352.9K – $470.6K (±1% cap)
    NOI $28,234 @ 7.0% cap · market cap 6.57%
    Second Best
    Apartment 5plus
    $371.7K
    $325.2K – $433.7K (±1% cap)
    NOI $26,019 @ 7.0% cap · market cap 6.05%
    Theoretical Best
    Office A
    $560.5K
    $490.4K – $653.9K (±1% cap)
    NOI $39,234 @ 7.0% cap · market cap 9.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Electrical Service Electronics & Wireless Store Daycare Center Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.4552
    Latitude
    33.959424

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    FAQs

    What type of property is this?
    Triplex - Three rental units with washer/dryer hookups, shared well and septic, and a wooded setting backing the Oconee River.
    Where is this triplex located?
    The property is located at 575 Vaughn Road Athens, GA.
    What is the asking price?
    The asking price for this property is $429,990.
    What are key features of this property?
    This property features: 2.22 wooded acres backing up to the Oconee River with direct river front; Tri‑plex with 3 units: Unit A 600 SF 1BD/1BA, Unit B 1,400 SF 2BD/2BA, Unit C 850 SF 1BD/1BA; Rents noted: Unit A $1,100, Unit B $1,400, Unit C $1,150
    (678) 243-8187
    We can help!
    Listing Contact
    Ellen West
    Real Estate License ID: 407755
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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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