Four-Sided Brick
New
For Sale
$325,000
150 Alden Court, Athens, GA 30605
Residential Income, Athens, GA
Property Size1,764 SF
Lot Size0.46 Acres
Price / SF$184.24
Days on Market3
Property Features for 150 Alden Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-8
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Parking Lot, Off Street, On Street
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Fireplace
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Oven, Range, Range Hood, Dryer, Refrigerator, Washer
Lot features
Back Yard, Cul-De-Sac, Level, Private
Directions
Head east on E Broad St, which becomes Oconee St then Lexington Rd. Drive 2.5 miles, then turn right on Gaines School Rd. After 1.5 miles, turn left on Cedar Shoals Dr, then right on Alden Ct. 150 Alden Ct will be at the end on your right.
Standard status
Active
APN
244D1-C-005
Size
1,764 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBD BLK: C,LOT: 5;
Tax Annual Amount
2649
Legal Description
SUBD BLK: C,LOT: 5;
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Heat Pump (Heating), Electric (Heating), Forced Air
Cooling system
Electric, Central Air, Heat Pump
Water source
Public
Amenities
fireplace
ceiling fans
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Stephen Molloy · License #350914
(678) 787-3848
Added: Sep 24
Last Checked: Sep 26 at 6:06PM
MLS# CL365204
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 two-unit ranch duplex at 150 Alden Court provides 1,764 square feet of residential space across two similarly arranged sides. Each residence includes two bedrooms, a bathroom, a living room with a brick wood-burning fireplace, an eat-in kitchen, utility or storage space, and a private patio. Appliance packages include a range, dishwasher, hood, refrigerator, washer, and dryer. Interior finishes vary by unit and include vinyl, laminate, tile, and carpet flooring, while ceiling fans and central electric heating and cooling serve both sides.
The four-sided brick exterior was constructed in 1979 and is set on 0.457 acres with grassy front, side, and rear yards. Parking is provided through a large pad along with off-street and on-street options. The property is 1.6 miles from Cedar Shoals High School and Aldi, 3.8 miles from the University of Georgia Main Campus, and 5.2 miles from Downtown Athens. A Clarke County bus stop is located 100 yards away.
The four-sided brick exterior was constructed in 1979 and is set on 0.457 acres with grassy front, side, and rear yards. Parking is provided through a large pad along with off-street and on-street options. The property is 1.6 miles from Cedar Shoals High School and Aldi, 3.8 miles from the University of Georgia Main Campus, and 5.2 miles from Downtown Athens. A Clarke County bus stop is located 100 yards away.
Key Highlights
- 1,764‑square‑foot duplex with two two‑bedroom residences
- Four‑sided brick construction dating to 1979
- Each unit includes a brick wood‑burning fireplace and full appliance package
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,440
$428.4K
Cap Rate 7%
$306,029
$306.0K
Cap Rate 9%
$238,022
$238.0K
Market Conditions
NOI Build-Up for 1,764 SF
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.
Gross rent
$32.4K $18.36/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$30.6K $17.35/SF
− OpEx
−$9.2K −$5.20/SF
NOI
$21.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,440
Cap Rate 7%
$306,029
Cap Rate 9%
$238,022
Alternative Uses
Best Use
Multifamily LT 5
$306.0K
$267.8K – $357.0K
NOI $21,422 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
71
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences with separate living spaces, fireplaces, patios, and appliance packages on a 0.457-acre parcel.
Where is this duplex located?
The property is located at 150 Alden Court Athens, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,764‑square‑foot duplex with two two‑bedroom residences; Four‑sided brick construction dating to 1979; Each unit includes a brick wood‑burning fireplace and full appliance package
