Occupied Two-Unit
For Sale
$250,000
121 121/125 Live Oak Dr, Athens, GA 30606
Both residences are leased, with separate two-bedroom, one-bath layouts and no HOA or condominium dues.
Property Size1,592 SF
Price / SF$157.04
Days on Market58
Property Features for 121 121/125 Live Oak Dr
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Multi-Family
Building Details
Year Built
1977
Listing Agency:
Coldwell Banker Upchurch Realty
Listed By:
Matt Russell · License #318902
(706) 201-6190
Source:
Wadehouse
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 7 at 1:22PM
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
Investment Insights
Based on property information with market context.
This two-unit residential income property contains 1,592 square feet and was built in 1977. Each side provides two bedrooms and one bathroom, creating matching layouts across the duplex. Both residences are currently occupied and leased.
The property is located at 121/125 Live Oak Dr in Athens, Georgia. There are no HOA or condominium dues. Property access for showings requires the asset to be under contract.
The property is located at 121/125 Live Oak Dr in Athens, Georgia. There are no HOA or condominium dues. Property access for showings requires the asset to be under contract.
Key Highlights
- Two‑unit duplex with 1,592 square feet
- Each side includes 2 bedrooms and 1 bathroom
- Both residences are occupied and leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,333
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,660
$386.7K
Cap Rate 7%
$276,186
$276.2K
Cap Rate 9%
$214,811
$214.8K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$29.2K $18.36/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$27.6K $17.35/SF
− OpEx
−$8.3K −$5.20/SF
NOI
$19.3K $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 Rate 5%
$386,660
Cap Rate 7%
$276,186
Cap Rate 9%
$214,811
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,333 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$254.5K
$222.7K – $296.9K
NOI $17,816 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$383.8K
$335.8K – $447.8K
NOI $26,865 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
22
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with separate two-bedroom, one-bath layouts and no HOA or condominium dues.
Where is this duplex located?
The property is located at 121 121/125 Live Oak Dr 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: Two‑unit duplex with 1,592 square feet; Each side includes 2 bedrooms and 1 bathroom; Both residences are occupied and leased
