1171 Grayson Lane, Watkinsville, GA 30677
MULTI_FAMILY - Watkinsville, GA
- Added:
- Jun 21, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 26 at 4:06 am
Property Features for 1171 Grayson Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Off Street
- Fireplace
- 1
- Standard status
- Active
- APN
- C 01D 008
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2597
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Press Board
Listing agent Richard Bythewood License #429532 (706) 207-1199
Listing office Greater Athens Properties 575 N Harris St, Athens, GA (706) 510-5189
Listing date Jun 21, 2026
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- True 7‑bedroom duplex on a private half‑acre+ lot in Oconee County
- 2,952 sq ft total with 6 bathrooms (7BR/6BA)
- Newer metal roof and central heating with central air; electric (heating) and central cooling
- Each unit has its own layout: 4BR/2BA and 3BR/1.5BA, each with fireplace
- 720 sq ft detached garage plus off‑street parking
- Public water and septic tank sewer; month‑to‑month tenants in place
Overview
The duplex is located in Oconee County in Watkinsville, Georgia. Per the listing, showings are by appointment only, and proof of funds or pre-approval is required in advance to respect current occupants.
This setup can fit buyers seeking a duplex with independent unit configurations and an existing income stream, as the property has month-to-month tenants in place. Prospective purchasers should confirm lease terms and unit-specific details with the seller during the appointment process.
Local Financial Insights For Multifamily LT 5
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 | $54.2k | $18.36 |
| − Vacancy | −$3.0k | −$1.01 |
| EGI | $51.2k | $17.35 |
| − OpEx | −$15.4k | −$5.20 |
| NOI | $35.8k | $12.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Watkinsville
- County
- Oconee
- State
- Georgia
- Longitude
- -83.468197
- Latitude
- 33.899448
