Updated Duplex with Two
For Sale
$300,000
Pending
110/112 Loblolly Drive, Athens, GA 30601
Residential Income, Athens, GA
Property Size1,848 SF
Lot Size0.53 Acres
Days on Market13
Property Features for 110/112 Loblolly Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3
Fireplace
1
Appliances
Gas Water Heater, Oven, Range, Refrigerator
Subdivision
Timbers North
Lot features
Level, Wooded
Directions
From loop 10 take North Avenue exit. Take a left onto Freeman Drive. Take a left onto Loblolly Drive. Property will be on the right- 100/112 Loblolly Drive.
Standard status
Pending
APN
161A3 B024
Size
1,848 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
5177, 431
Tax Annual Amount
2776
Legal Description
5177, 431
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Broad & Main Real Estate Group
(706) 705-2661
Listed By:
Tonya Minish · License #400419
(706) 296-4610
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 30 at 1:06PM
MLS# CL362859
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 1,848-square-foot duplex contains two residential units, each with 2 bedrooms and 1 full bathroom. Both units have undergone substantial interior improvements, including updated flooring, fresh paint, refreshed kitchen cabinetry and hardware, new fixtures, doors, blinds, thermostats, light fixtures, and washer/dryer hookups. Electric fireplace inserts were also added, and the property includes kitchen appliances, central heating, and central air conditioning.
One unit is currently leased, while the other is vacant for a new occupant. The property sits on 0.53 acres in Athens, approximately 5 minutes from Downtown Athens, and is zoned R3. Public water and a septic tank serve the property. Built in 1984, the duplex offers two separate units within a single residential income property.
One unit is currently leased, while the other is vacant for a new occupant. The property sits on 0.53 acres in Athens, approximately 5 minutes from Downtown Athens, and is zoned R3. Public water and a septic tank serve the property. Built in 1984, the duplex offers two separate units within a single residential income property.
Key Highlights
- Two‑unit duplex with 1,848 square feet of total property size
- Each unit includes 2 bedrooms and 1 full bathroom
- One unit is leased; the other is vacant
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
$22,442
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
7.48%
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%
$448,840
$448.8K
Cap Rate 7%
$320,600
$320.6K
Cap Rate 9%
$249,356
$249.4K
Market Conditions
NOI Build-Up for 1,848 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
$33.9K $18.36/SF
− Vacancy
−$1.9K −$1.01/SF
EGI
$32.1K $17.35/SF
− OpEx
−$9.6K −$5.20/SF
NOI
$22.4K $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%
$448,840
Cap Rate 7%
$320,600
Cap Rate 9%
$249,356
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,442 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 30601, GA
25,036
Population
11,634
Households
2.2
Avg Household Size
28
Median Age
37%
College-Educated
84%
High-School Grad
23.4 sq mi
ZIP Area
1,070
Density / Sq Mi
$37,357
Median Household Income
$24,639
Median Earnings
$1,198
Median Rent
$213,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-bedroom units include one full bathroom and immediate rental occupancy on one side.
Where is this duplex located?
The property is located at 110/112 Loblolly Drive Athens, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,848 square feet of total property size; Each unit includes 2 bedrooms and 1 full bathroom; One unit is leased; the other is vacant
