Six-Unit Apartment
1-6-180 Chalfont Ln, Athens, GA 30606
For Sale
$825,000
All units are occupied under active leases, with two residences fully remodeled.
Property Size6,426 SF
Price / SF$128.38
Days on Market102
Property Features for 1-6-180 Chalfont Ln
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Multifamily Units
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 543-4000
Listed By:
Charlie Upchurch III · License #141093
(706) 540-1810
Source:
Exprealty
Added: Jul 28
Changed: Nov 1
Last Checked: Nov 6 at 1:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$71,913
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,260
$1.4M
Cap Rate 7%
$1,027,329
$1.0M
Cap Rate 9%
$799,033
$799.0K
Market Conditions
NOI Build-Up for 6,426 SF
Gross rent
$138.8K $21.60/SF
− Vacancy
−$8.1K −$1.25/SF
EGI
$130.8K $20.35/SF
− OpEx
−$58.8K −$9.16/SF
NOI
$71.9K $11.19/SF
Area
Athens, GA
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,260
Cap Rate 7%
$1,027,329
Cap Rate 9%
$799,033
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.
How Realmo checks its estimates
Property Analytics
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
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
