Building Details

Year Built 1979

Buildings 1

Listing Agency: Greater Athens Properties

Listed By: Rich Xu · License #377121 Show Phone

Source: Barefootbrokers

Added: Jul 10 Changed: Oct 16 Last Checked: Oct 16 at 12:18PM

Report an Issue

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 Greater Athens Properties

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This duplex contains 1,768 square feet arranged as two matching units, each with two bedrooms and one bathroom. The property was built in 1979 and has received a new roof and new AC systems. One unit is being remodeled, adding to the recent improvement work.

Unit A is occupied by a long-term tenant, while Unit B is vacant and available for showing. The property also includes a spacious, maintained yard that provides outdoor space for residents and pets. Its two-unit configuration supports either continued rental use or an owner-occupancy arrangement with one residence available for tenancy.

Key Highlights

• 1,768 SF duplex with two matching 2‑bedroom, 1‑bath units
• New roof and new AC systems
• Unit A is occupied by a long‑term tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,470

Cap Rate

7.30%

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

Is this asking price fair?

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 (±1% cap)

NOI $21,470 @ 7.0% cap · market cap 7.30%

Second Best

Apartment 5plus

$282.7K

$247.3K – $329.8K (±1% cap)

NOI $19,786 @ 7.0% cap · market cap 6.73%

Theoretical Best

Office A

$426.2K

$372.9K – $497.3K (±1% cap)

NOI $29,835 @ 7.0% cap · market cap 10.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Dental Office Electrical Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Updated Two-Unit Duplex

260 Park Ridge Dr, Athens, GA 30605

$294,000

1,768 SF

View details

Four-Sided Brick Duplex

150 Alden Court, Athens, GA 30605

$325,000

1,764 SF

View details

East Athens Duplex Investment Opportunity

148 E Paces Drive, Athens, GA 30605

$295,000

1,950 SF

View details

Brick Duplex with Private Patios

106/108 Upland, Athens, GA 30605

$285,000

2,005 SF

View details

Occupied Two-Unit Duplex

121 121/125 Live Oak Dr, Athens, GA 30606

$250,000

1,592 SF

View details

Two-Unit Duplex with Rear Residence

435 Clover Street, Athens, GA 30606

$529,900

View details

Brick Duplex with Updated Unit

2005 Hollis St, Athens, GA 30605

$244,990

1,264 SF

View details

Mixed-Use Barndominium Property

4896 Barnett Shoals Road, Athens, GA 30605

$1,295,000

2,200 SF

View details

Brick Duplex

144 W Paces Drive, Athens, GA 30605

$289,000

0.35 Acres

View details

Brick Two-Unit Duplex

192 Sunny Hills Drive, Athens, GA 30601

$339,900

0.54 Acres

View details

Mixed-Use Loft with Private Patio

585 White Cir Unit 402, Athens, GA 30605

$550,000

2,108 SF

View details

Three-Bedroom Residential Income Property

2505 W Broad St Unit 321, Athens, GA 30606

$175,000

1,410 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two matching residences offer a flexible mix of immediate occupancy and existing tenancy within a manageable income property.

Where is this duplex located?

The property is located at 122 Park Ridge Ct Athens, GA.

What is the asking price?

The asking price for this property is $294,000.

What are key features of this property?

This property features: 1,768 SF duplex with two matching 2‑bedroom, 1‑bath units; New roof and new AC systems; Unit A is occupied by a long‑term tenant