122 Park Ridge Court Athens, GA 30605
MULTI_FAMILY - Athens, GA
Property Features for 122 Park Ridge Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- B1688
- Size
- 1,768 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Description
- 888999A
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 1
Listing agent Rich Xu License #377121 (706) 255-0316
Listing office Greater Athens Properties 575 N Harris Street, Athens, GA (706) 510-5189
Listing date Mar 3, 2026
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.
Located in Athens, Georgia in Clarke County, the home is addressed at 122 Park Ridge Court. The current setup includes one occupied unit and one vacant unit that is described as easy to show, creating straightforward options for an owner-occupant or a buyer looking to manage both sides of the property.
The combination of recent mechanical updates and unit-level remodeling can be especially useful for buyers who want a more turnkey starting point. With one unit available for immediate occupancy planning and the other currently occupied, the property can support a variety of residential income strategies, including “house-hack” living or selecting the next tenant for the vacant unit. The listing also notes the seller is a licensed Georgia real estate agent, which may be helpful for buyers coordinating next steps.
Key Highlights
- Duplex built in 1979 with 2 identical units, each offering 2 bedrooms and 1 bathroom.
- Recent updates include a new roof and new AC systems.
- Unit 124 remodeling recently completed on the duplex.
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 | $32.5k | $18.36 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $30.7k | $17.35 |
| − OpEx | −$9.2k | −$5.20 |
| NOI | $21.5k | $12.14 |
