Brick
144-146 W Paces Drive, Athens, GA 30605
For Sale
$289,000
Two residential units sit on a 0.35-acre parcel with fenced rear yards and decks.
Property Size1,985 SF
Lot Size0.35 Acres
Days on Market37
Property Features for 144-146 W Paces Drive
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
fenced back yards
spacious decks
0.35 acres
Public Sewer
Parcel Number: 241B5 B010, Annual Amount: $3,335.73, Year: 2025
Central Air
Heat Pump
Listing ID: 10866492, Standard Status: Active, MLS Status: Active, On market as of 2026-10-02, 35 days on market
Off Street
Elementary School: Gaines, Middle School: Hilsman, High School: Cedar Shoals
Built in 1985, Levels: One, Construction Materials: Brick
Subdivision: Park East, County/Parish: Clarke
Updated/Remodeled
Sewer Connected, Water Source: Public
1 fireplace
Close Of Escrow
Fee Includes: None
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Simply Homes ATL
(678) 997-5792
Listed By:
Tuyen Luong · License #378800
(470) 655-8713
Source:
Blackstreaminternational
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 6 at 10:27AM
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 Simply Homes ATL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1985, contains two units, each with two bedrooms and two bathrooms. One unit has been fully upgraded, while the other has partial upgrades. The property occupies 0.35 acres, connects to sewer, and includes fenced back yards and decks. There are no HOA fees or restrictive covenants.
The property is served by a bus line and is within walking distance of a school. One side is tenant-occupied and cannot be shown until the property is under contract; tenants should not be disturbed.
The property is served by a bus line and is within walking distance of a school. One side is tenant-occupied and cannot be shown until the property is under contract; tenants should not be disturbed.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- Built in 1985 on 0.35 acres
- One unit fully upgraded; the other partially upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,106
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,120
$482.1K
Cap Rate 7%
$344,371
$344.4K
Cap Rate 9%
$267,844
$267.8K
Market Conditions
NOI Build-Up for 1,985 SF
Gross rent
$36.4K $18.36/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$34.4K $17.35/SF
− OpEx
−$10.3K −$5.20/SF
NOI
$24.1K $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%
$482,120
Cap Rate 7%
$344,371
Cap Rate 9%
$267,844
Alternative Uses
Best Use
Multifamily LT 5
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$317.3K
$277.7K – $370.2K
NOI $22,214 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,497 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
224
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
$279,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Athens, GA
Properties on Market for Duplexes in Athens
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units sit on a 0.35-acre parcel with fenced rear yards and decks.
Where is this duplex located?
The property is located at 144-146 W Paces Drive Athens, GA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; Built in 1985 on 0.35 acres; One unit fully upgraded; the other partially upgraded
