2-Unit Brick
For Sale
$325,000
150 Alden Court 150 & 152, Athens, GA 30605
R-3 zoning supports commercial short-term rental permitting, with one side leased and the other vacant.
Property Size1,764 SF
Price / SF$184.24
Days on Market18
Property Features for 150 Alden Court 150 & 152
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-Family
Zoning
R-3
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fireplace
ceiling fans
private patio
parking pad
Building Details
Year Built
1979
Buildings
1
Construction
brick
Listing Agency:
HomeSmart
Listed By:
Stephen Molloy · License #350914
(678) 787-3848
Source:
Barefootbrokers
Added: Sep 28
Changed: Oct 8
Last Checked: Oct 7 at 4:26PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This 1,764-square-foot duplex, built in 1979, has two-bedroom layouts on both sides and a four-sided brick exterior. Each unit includes a brick fireplace, kitchen appliances, and a full-size washer and dryer. One side has been renovated with LVP flooring and is leased through July 2027; the other is vacant. Both units open to a private concrete patio or yard area, and the property includes a parking pad. R-3 zoning supports commercial short-term rental permitting.
The property is on the Clarke County bus route, about 100 yards from a stop. Cedar Shoals High School and Aldi are 1.6 miles away, while the University of Georgia main campus is 3.8 miles away and downtown Athens is 5.2 miles away.
The property is on the Clarke County bus route, about 100 yards from a stop. Cedar Shoals High School and Aldi are 1.6 miles away, while the University of Georgia main campus is 3.8 miles away and downtown Athens is 5.2 miles away.
Key Highlights
- 1,764‑square‑foot duplex with two‑bedroom layouts on both sides
- Four‑sided brick exterior and parking pad
- R‑3 zoning supports commercial short‑term rental permitting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,422
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
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 - R-3 zoning supports commercial short-term rental permitting, with one side leased and the other vacant.
Where is this duplex located?
The property is located at 150 Alden Court 150 & 152 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‑bedroom layouts on both sides; Four‑sided brick exterior and parking pad; R‑3 zoning supports commercial short‑term rental permitting
