Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Oconee County Duplex Opportunity Title is generated by Realmo AI

    1001 Alpine Court, Athens, GA 30606

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    MULTI_FAMILY - Athens, GA

    Property size:
    1,620 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $154/SF
    Added:
    May 13, 2026
    Days on Market:
    4
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 1001 Alpine Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    001
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    C02-G0-16C
    Size
    1,620 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1704/1 1019/242 340/448 7/4 ; HIGHLAND OAKS
    Tax Annual Amount
    2003

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Ashleigh Baker

    Listing agent Ashleigh Baker License #175060

    Listing office Coldwell Banker Upchurch Realty 2405 W Broad St., Athens, GA

    Listing date May 13, 2026

    MLS# CL356050

    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

    • Duplex in Oconee County, a great investment opportunity.
    • Investment opportunity with income potential.
    • Two units, each with 2 bedrooms and 1 bathroom.
    • Previous rental income of $1,275/month per unit.
    • Solid brick construction.
    • Public water and sewer connections.

    Overview

    This multifamily property, located in Oconee County, Athens, Georgia, presents an investment opportunity. The duplex features two units, each containing 2 bedrooms and 1 bathroom. Previous rental income was $1,275 per month per side. The property, situated on a 0.4732-acre lot, is being sold as-is and requires renovations. With a total size of 1,620 square feet, this property offers potential for renovation and future income production. The zoning is 001.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $218.6K
    NOI $19,673 @ 9.00% cap · cautious / downside scenario
    Moderate
    $281.0K
    NOI $19,673 @ 7.00% cap · market / base-case scenario
    Aggressive
    $393.5K
    NOI $19,673 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $29.7k $18.36
    − Vacancy −$1.6k −$1.01
    EGI $28.1k $17.35
    − OpEx −$8.4k −$5.20
    NOI $19.7k $12.14
    1,620 SF · lease $18.36/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $281.0K
    $245.9K – $327.9K (±1% cap)
    NOI $19,673 @ 7.0% cap · market cap 7.87%
    Second Best
    Apartment 5plus
    $259.0K
    $226.6K – $302.2K (±1% cap)
    NOI $18,129 @ 7.0% cap · market cap 7.25%
    Theoretical Best
    Office A
    $390.5K
    $341.7K – $455.6K (±1% cap)
    NOI $27,337 @ 7.0% cap · market cap 10.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Accounting Firm Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.407344
    Latitude
    33.91032

    Nearby Similar for Sale

    • $775,000
      3,040 SF

      West Athens Office Condominium

      Office condominium on the west side of Athens.
      3149 Atlanta Highway, Athens, GA 30606
      View Details
    • $1,299,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Highway, Athens, GA 30606
      View Details
    • $1,299,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Highway, Athens, GA 30606
      View Details
    • $420,000
      3,700 SF

      Fully Leased Athens Triplex Investment

      Income-producing triplex in Athens, generating $3,100 monthly with leases.
      150 Creekwood Drive, Athens, GA 30606
      View Details
    • $699,000
      7,386 SF

      East Side Athens Duplex

      Spacious duplex near UGA Vet School with strong leases.
      1824 Cedar Shoals Drive, Athens, GA 30605
      View Details
    • $1,250,000

      Corner Lot with Redevelopment Potential

      High-visibility corner lot suitable for redevelopment or business use.
      165 Spring Valley Road, Athens, GA 30605
      View Details
    • $975,000
      1,529 SF

      Downtown Athens Retail/Commercial Space

      1,529 SF commercial space in vibrant downtown Athens.
      107 N Jackson Street, Athens, GA 30601
      View Details
    • $260,000
      1,760 SF

      Well-Maintained Duplex Investment Opportunity

      Duplex with strong rental potential near shopping and restaurants.
      170 Ramble Hills Way, Athens, GA 30606
      View Details
    • $884,000
      3,800 SF

      Medical Office Space in Athens

      Flexible medical office space in established Bishop Professional Park.
      700 Sunset Drive, Athens, GA 30606
      View Details
    • $250,000
      1,264 SF

      Solid Brick Duplex in Athens

      Updated duplex near UGA, offering immediate income and long-term flexibility.
      2005 Hollis Street, Athens, GA 30605
      View Details
    • $275,000
      1,620 SF

      Partially Updated Income-Producing Duplex

      Duplex with immediate income and future upside potential.
      230/232 Rustwood Drive, Athens, GA 30606
      View Details
    • $7,800,000
      22,000 SF

      Historic Athens Office Building For Sale

      Two-story office building in the Milledge Avenue Historic District.
      337 S Milledge Avenue, Athens, GA 30605
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Oconee County with renovation potential.
    Where is this duplex located?
    The property is located at 1001 Alpine Court Athens, GA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Duplex in Oconee County, a great investment opportunity.; Investment opportunity with income potential.; Two units, each with 2 bedrooms and 1 bathroom.
    (706) 207-0691
    We can help!
    Listing Contact
    Ashleigh Baker
    Real Estate License ID: 175060
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1001 Alpine Court, Athens, GA 30606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!