Six-Unit Apartment
For Sale
$825,000
1-6-180 Chalfont Ln, Athens, GA 30606
All units are occupied under active leases, with two residences fully remodeled.
Property Size6,426 SF
Price / SF$128.38
Days on Market9
Property Features for 1-6-180 Chalfont Ln
General Information
Standard status
Active
Size
6,426 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
6
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 540-1810
Listed By:
Charlie Upchurch III · License #141093
(706) 540-1810
Source:
Exprealty
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Upchurch Realty
Investment Insights
Based on property information with market context.
This apartment property includes six units totaling 6,426 square feet. Each residence is described as 1,000+ square feet, and remodeling has been completed throughout the property to varying degrees. Two units have received complete renovations, while the remaining apartments have had some remodeling work.
All six units are currently occupied with active leases. The property is located at 1-6-180 Chalfont Ln in Athens, Georgia, with access to nearby shopping, Georgia Square Mall, and Atlanta Highway.
All six units are currently occupied with active leases. The property is located at 1-6-180 Chalfont Ln in Athens, Georgia, with access to nearby shopping, Georgia Square Mall, and Atlanta Highway.
Key Highlights
- Six apartment units totaling 6,426 square feet
- Each unit is 1,000+ square feet
- Two units have been completely remodeled
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 | $138.8k | $21.60 |
| − Vacancy | −$8.1k | −$1.25 |
| EGI | $130.8k | $20.35 |
| − OpEx | −$58.8k | −$9.16 |
| NOI | $71.9k | $11.19 |
6,426 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.9K – $1.20M
NOI $71,913 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,438 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
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?
Apartment building - All units are occupied under active leases, with two residences fully remodeled.
Where is this apartment building located?
The property is located at 1-6-180 Chalfont Ln Athens, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Six apartment units totaling 6,426 square feet; Each unit is 1,000+ square feet; Two units have been completely remodeled
