Wooded Riverfront
New
For Sale
$400,000
575 Vaughn Road, Athens, GA 30606
Residential Income, Athens, GA
Property Size2,325 SF
Lot Size2.22 Acres
Price / SF$172.04
Days on Market4
Property Features for 575 Vaughn Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Multi Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Appliances
Electric Water Heater
Directions
Leave from Monroe Hwy, Turn right onto Atlanta Hwy, Keep right at S Athens Perimeter Hwy W, Take exit 15 on the right onto Oglethorpe Ave, Turn left onto Oglethorpe Ave, At the roundabout take the second exit onto Tallassee Rd, Turn left onto Vaughn Rd, Your destination is on the left
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
Legal Description
LOT 3 - 2.22 AC - PB I/99
Utilities
Sewer type
Septic Tank
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Water source
Private, Well
Water front features
River Front
Water front
1
Amenities
washer/dryer hookups
private porch
deck
river frontage
yard space
central heating and air conditioning
Building Details
Year built
1970
Floors in Building
2
Number of units
3
Building materials
HardiPlank Type
Listing Agency:
RAC Properties of Athens, Inc.
(706) 355-3178
Listed By:
Ellen West · License #407755
(678) 243-8187
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 10:06PM
MLS# CL363869
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 1970 triplex contains three residential units on 2.22 acres with wooded surroundings and more than 200 feet of river frontage. The unit mix includes two one-bedroom, one-bath residences and one two-bedroom, two-bath two-story residence. Unit features include washer and dryer hookups, LVP flooring in the one-bedroom units, a private porch, and a separate deck. Each residence has its own central heating and air conditioning.
The property is served by a private well and septic tank. Improvements include HardiPlank construction, a metal roof, an electric water heater, and outdoor yard areas. The property is located at 575 Vaughn Road in Athens, Georgia, within Clarke County.
The property is served by a private well and septic tank. Improvements include HardiPlank construction, a metal roof, an electric water heater, and outdoor yard areas. The property is located at 575 Vaughn Road in Athens, Georgia, within Clarke County.
Key Highlights
- 2.22‑acre residential income property
- More than 200 feet of river frontage
- Three‑unit configuration with two 1BD/1BA units and one 2BD/2BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$564,680
$564.7K
Cap Rate 7%
$403,343
$403.3K
Cap Rate 9%
$313,711
$313.7K
Market Conditions
NOI Build-Up for 2,325 SF
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.
Gross rent
$42.7K $18.36/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$40.3K $17.35/SF
− OpEx
−$12.1K −$5.20/SF
NOI
$28.2K $12.14/SF
Area
Athens, GA
Vacancy
5.51%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$564,680
Cap Rate 7%
$403,343
Cap Rate 9%
$313,711
Alternative Uses
Best Use
Multifamily LT 5
$403.3K
$352.9K – $470.6K
NOI $28,234 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K
NOI $39,234 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units share private well and septic service, with separate central heating and air conditioning.
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 $400,000.
What are key features of this property?
This property features: 2.22‑acre residential income property; More than 200 feet of river frontage; Three‑unit configuration with two 1BD/1BA units and one 2BD/2BA unit
