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Residential Income Property

1165 Cedar Shoals Drive Athens, GA 30605

New
1165 Cedar Shoals Drive, Athens, GA, 30605
$799,000
For Sale
Claim this Listing
$799,000

SINGLE_FAMILY - Athens, GA

Property Size3,224 SF
Lot Size0.59 Acres
Price / SF$247.83
AddedJul 9
Days on Market7
Last RefreshJul 15 at 4:06 pm

Property Features for 1165 Cedar Shoals Drive

General Information

Property type
Residential
Property subtype
Office
Zoning
C-O
Parking
15
Appliances
Electric Water Heater, Refrigerator
Standard status
Active
APN
241-005-Z
Size
3,224 SF
Lot size
0.59 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOT: 6; DEEDED ACS: 0.585
Tax Annual Amount
4740

Utilities

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

Building Details

Year built
1985
Floors in Building
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition

Listing agent Michelle Farmer License #303057

Listing office Athens Real Estate Associates, Inc. 1160 S Milledge Ave, Athens, GA

Listing date Jul 9, 2026

MLS# CL360366

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 residential income property is offered for sale at 1165 Cedar Shoals Drive in Athens, GA 30605. The property is listed as a single-family residential income asset and includes approximately 3,224 square feet of building area on a 0.59-acre lot.

The property is zoned C-O. Additional details on interior layout, unit configuration, and any income-producing features are not provided in the available information.

Key Highlights

  • Brick construction with vinyl flooring
  • Central heating and central air conditioning with electric heat
  • Public water and public sewer

Local 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 $69.6k $21.60
− Vacancy −$4.0k −$1.25
EGI $65.6k $20.35
− OpEx −$29.5k −$9.16
NOI $36.1k $11.19
3,224 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$515.4K
$451.0K – $601.3K (±1% cap)
NOI $36,080 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.2K
$680.1K – $906.8K (±1% cap)
NOI $54,405 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Turner and Patat PC Accounting Firm

Suggested Use

Building Supply Dental Office Auto Parts Store Hair Salon Law Firm Auto Repair Shop Nail Salon Big Box & Wholesale Store Skin Care Clinic Real Estate Agency

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

FAQs

What type of property is this?
Single family property - Residential income property on a 0.59-acre lot in Clarke County, zoned C-O.
Where is this single family property located?
The property is located at 1165 Cedar Shoals Drive Athens, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Brick construction with vinyl flooring; Central heating and central air conditioning with electric heat; Public water and public sewer
Contact an agent
More about this property
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