Two-Unit Townhouse-Style
For Sale
$399,999
163 V F W Drive #A&B, Watkinsville, GA 30677
Each residence has two bedrooms and 2.5 bathrooms arranged across two floors.
Property Size1,981 SF
Days on Market16
Property Features for 163 V F W Drive #A&B
General Information
Standard status
Active
Size
1,981 SF
Property subtype
Multifamily
Occupancy
100%
Financials
Gross Income
$34,680
Average Monthly Rent
$1,445
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Amenities
Septic Tank
Parcel Number: B 06G 003G, Year: 2026
Central Air
Central
In Unit
Listing ID: 10867554, Standard Status: Active, MLS Status: New, On market as of 2026-09-28, 11 days on market, Special Conditions: Rental
4 total parking spaces, Over 1 Space per Unit, Parking Pad
Elementary School: Colham Ferry, Middle School: Oconee, High School: Oconee
Built in 1981, Levels: Two, Construction Materials: Wood Siding
County/Parish: Oconee
Resale
Electricity Individual Meters, Gas Individual Meters, Water Individual Meters, Water Source: Public
2 fireplaces
Slab
Fee Includes: None
Building Details
Building Size
1,981 SF
Year Built
1981
Listing Agency:
Joiner and Associates REALTORS, Inc.
(706) 549-7371
Listed By:
Borentai Robinson · License #454095
(706) 612-6137
Source:
Blackstreaminternational
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 11 at 7:20AM
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 Joiner and Associates REALTORS, Inc.
Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains two townhouse-style residences, each with two stories, two bedrooms, and 2.5 bathrooms. Living areas are on the lower level, with bedrooms upstairs. Both units are occupied through mid-July 2027.
The property is near downtown Watkinsville, with shopping, dining, schools, and major roadways in the surrounding area.
The property is near downtown Watkinsville, with shopping, dining, schools, and major roadways in the surrounding area.
Key Highlights
- Two townhouse‑style units, each with two stories
- Each residence includes 2 bedrooms and 2.5 bathrooms
- Both units occupied through mid‑July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,057
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,140
$481.1K
Cap Rate 7%
$343,671
$343.7K
Cap Rate 9%
$267,300
$267.3K
Market Conditions
NOI Build-Up for 1,981 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
Oconee County, 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%
$481,140
Cap Rate 7%
$343,671
Cap Rate 9%
$267,300
Alternative Uses
Best Use
Multifamily LT 5
$343.7K
$300.7K – $401.0K
NOI $24,057 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$316.7K
$277.1K – $369.5K
NOI $22,169 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$477.6K
$417.9K – $557.2K
NOI $33,429 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
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 - Each residence has two bedrooms and 2.5 bathrooms arranged across two floors.
Where is this duplex located?
The property is located at 163 V F W Drive #A&B Watkinsville, GA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two townhouse‑style units, each with two stories; Each residence includes 2 bedrooms and 2.5 bathrooms; Both units occupied through mid‑July 2027
