All-Brick Duplex Investment
8420 Macon Highway Athens, GA 30606
For Sale
$500,000
Single-story all-brick duplex on over an acre with two private entrances, kitchens, living areas, and sunrooms.
Property Size2,213 SF
Lot Size1.09 Acres
Price / SF$225.94
Days on Market492
Property Features for 8420 Macon Highway
General Information
- Standard status
- Active
- Size
- 2,213 SF
- Lot size
- 1.09 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1981
Listing Agency:
NAI Elrod Group
(706) 340-6066
Listed By:
Daniel Bennett · License #345850
(706) 340-6066
Source:
Xome
Added: Mar 19, 2025
Changed: Jul 21
Last Checked: Jul 23 at 4:32AM
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 NAI Elrod Group
Investment Insights
Based on property information with market context.
8420 Macon Highway is a single-story, all-brick duplex totaling approximately 2,213 SF on 1.09 acres. Each side includes its own private entrance, full kitchen, living area, and sunroom. Unit mix includes one 2-bed/1-bath configuration and one 2-bed/1.5-bath configuration.
The property is located directly adjacent to Athens Academy and positioned along the U.S. 441 / Macon Highway corridor. It offers ample parking and convenience to downtown Watkinsville and Athens.
While the structure is described as being in good condition and usable as-is, the property would benefit from cosmetic and system upgrades to support rental income and long-term value.
The property is located directly adjacent to Athens Academy and positioned along the U.S. 441 / Macon Highway corridor. It offers ample parking and convenience to downtown Watkinsville and Athens.
While the structure is described as being in good condition and usable as-is, the property would benefit from cosmetic and system upgrades to support rental income and long-term value.
Key Highlights
- Single‑story all‑brick duplex totaling approx. 2,213 SF on 1.09 acres
- Two units, each with its own private entrance plus full kitchen, living area, and sunroom
- Unit mix: one 2 bed/1 bath and one 2 bed/1.5 bath
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 | $40.6k | $18.36 |
| − Vacancy | −$2.2k | −$1.01 |
| EGI | $38.4k | $17.35 |
| − OpEx | −$11.5k | −$5.20 |
| NOI | $26.9k | $12.14 |
2,213 SF · lease $18.36/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.9K
NOI $26,874 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,766 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,344 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Single-story all-brick duplex on over an acre with two private entrances, kitchens, living areas, and sunrooms.
Where is this duplex located?
The property is located at 8420 Macon Highway Athens, GA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Single‑story all‑brick duplex totaling approx. 2,213 SF on 1.09 acres; Two units, each with its own private entrance plus full kitchen, living area, and sunroom; Unit mix: one 2 bed/1 bath and one 2 bed/1.5 bath
