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Eight-Unit Brick Apartment Building
New
For Sale
$2,699,500

159 E Cloverhurst Avenue, Athens, GA 30605

Residential Income, Athens, GA

Property Size5,890 SF
Lot Size0.36 Acres
Price / SF$458.32
Days on Market1

Property Features for 159 E Cloverhurst Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-1
Bedrooms 8
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 4, Bathroom 6, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 7, Bedroom 6, Bathroom 4, Bedroom 8, Bathroom 8, Bathroom 5, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 3
Appliances Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
Subdivision E Y Whitehead Prop
Directions From Milledge Avenue turn on West Cloverhurst Street and head east toward UGA, continue on to E. Cloverhurst Street and the property will be on your left in 0.1 miles.
Standard status Active
APN 171C3-F-010
Size 5,890 SF
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 159 E CLOVERHURST AVE
Tax Annual Amount 15801
Legal Description 159 E CLOVERHURST AVE

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Heat Pump, Electric, Central Air
Water source Public

Building Details

Year built 1972
Floors in Building 2
Number of units 8
Building materials Brick
Listing Agency: Thrive.RealEstate LLC
Listed By: Daniel Bennett · License #345850
Added: Sep 4 Last Checked: Sep 4 at 3:06PM
MLS# CL363984

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 1972 brick apartment property contains eight one-bedroom, one-bath flats averaging approximately 670+/- square feet each, with 5,890 square feet of total building area. Individual heat-pump HVAC systems, stacked in-unit laundry, luxury vinyl-tile flooring, and a mix of listed kitchen appliances serve the units. The property occupies a 0.36-acre parcel and includes public water and public sewer service.

Capital improvements completed since 2015 include a commercial membrane roof, double-pane windows, HVAC work, resurfaced parking, and updates to the kitchens and bathrooms. Sixteen on-site parking spaces provide two spaces per unit. The property is located in Athens’ Five Points district on the south side of the University of Georgia and carries RM-1 zoning. Ownership reports an operating-expense ratio near 34%.

Key Highlights

  • Eight one‑bedroom, one‑bath flats measuring approximately 670+/- square feet each
  • 5,890‑square‑foot building on a 0.36‑acre parcel
  • 16 on‑site parking spaces, providing two spaces per unit

Property Analytics

Current Use

Campus Walk Apartment Building

Suggested Use

Top Pick Electrical Service Plumbing Service Building Supply Furniture & Home Goods Locksmith (Bike/Boat/Book/etc) Store

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,274
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated one-bedroom flats feature private laundry, individual HVAC systems, and dedicated on-site parking.
Where is this apartment building located?
The property is located at 159 E Cloverhurst Avenue Athens, GA.
What is the asking price?
The asking price for this property is $2,699,500.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bath flats measuring approximately 670+/- square feet each; 5,890‑square‑foot building on a 0.36‑acre parcel; 16 on‑site parking spaces, providing two spaces per unit
More about this property
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