Duplex with Replaced
New
For Sale
$298,000
122 Park Ridge Court, Athens, GA 30605
Residential Income, Athens, GA
Property Size1,768 SF
Lot Size0.70 Acres
Price / SF$168.55
Days on Market3
Property Features for 122 Park Ridge Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Appliances
Electric Water Heater
Directions
Barnett Shoals to Park Ridge Dr and then Park Ridge Court
Standard status
Active
APN
174D1 008
Size
1,768 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
888999A
Legal Description
888999A
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
1
Listing Agency:
Greater Athens Properties
(706) 510-5189
Listed By:
Rich Xu · License #377121
(706) 255-0316
Added: Oct 8
Last Checked: Oct 10 at 1:06AM
MLS# CL366156
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 1,768-square-foot duplex in Athens, Georgia, was built in 1979 and occupies a 0.7-acre lot. The two units have matching two-bedroom, one-bathroom layouts. Both are tenant-occupied. The roof was replaced in 2025, and the property has central heating and air conditioning.
One unit is on a month-to-month lease; the other lease runs through January 31, 2027. A neighboring duplex with the same floor plan is also available for purchase. The property has public water and a septic system.
One unit is on a month-to-month lease; the other lease runs through January 31, 2027. A neighboring duplex with the same floor plan is also available for purchase. The property has public water and a septic system.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,768 square feet on a 0.7‑acre lot
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,470
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,400
$429.4K
Cap Rate 7%
$306,714
$306.7K
Cap Rate 9%
$238,556
$238.6K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$32.5K $18.36/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$30.7K $17.35/SF
− OpEx
−$9.2K −$5.20/SF
NOI
$21.5K $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%
$429,400
Cap Rate 7%
$306,714
Cap Rate 9%
$238,556
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.4K – $357.8K
NOI $21,470 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$282.7K
$247.3K – $329.8K
NOI $19,786 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with tenants currently in place.
Where is this duplex located?
The property is located at 122 Park Ridge Court Athens, GA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,768 square feet on a 0.7‑acre lot; Both units are tenant‑occupied
