Six-Unit Apartment
180 Chalfont Lane, Athens, GA 30606
For Sale
$825,000
Residential Income, Athens, GA
Property Size6,426 SF
Lot Size0.33 Acres
Price / SF$128.38
Days on Market129
Property Features for 180 Chalfont Lane
General Information
Property type
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Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Description
Tax Annual Amount
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Utilities
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Building Details
Year built
Floors in Building
Number of units
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Building materials
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 543-4000
Listed By:
Charlie Upchurch III · License #141093
(706) 540-1810
Added: Jul 1
Changed: Oct 31
Last Checked: Nov 6 at 11:06PM
MLS# CL361389
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.
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Investment Insights
Based on property information with market context.
Built in 1972, this 6,426-square-foot apartment property contains six units, each measuring more than 1,000 square feet. All residences are occupied under active leases. Remodeling has been completed in two units, while the remaining apartments have also received updates.
The 0.33-acre property is served by public water and public sewer and includes a parking lot. Building materials include brick and wood siding, with wood and brick flooring. Residences feature central air, electric heat pumps, dishwashers, ranges, refrigerators, disposals, and electric water heaters. The property is located in Athens near shopping, Georgia Square Mall, and Atlanta Highway.
The 0.33-acre property is served by public water and public sewer and includes a parking lot. Building materials include brick and wood siding, with wood and brick flooring. Residences feature central air, electric heat pumps, dishwashers, ranges, refrigerators, disposals, and electric water heaters. The property is located in Athens near shopping, Georgia Square Mall, and Atlanta Highway.
Key Highlights
- Six apartment units totaling 6,426 square feet
- Each unit measures more than 1,000 square feet
- All units occupied with active leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,913
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,260
$1.4M
Cap Rate 7%
$1,027,329
$1.0M
Cap Rate 9%
$799,033
$799.0K
Market Conditions
NOI Build-Up for 6,426 SF
Gross rent
$138.8K $21.60/SF
− Vacancy
−$8.1K −$1.25/SF
EGI
$130.8K $20.35/SF
− OpEx
−$58.8K −$9.16/SF
NOI
$71.9K $11.19/SF
Area
Athens, GA
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,260
Cap Rate 7%
$1,027,329
Cap Rate 9%
$799,033
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.9K – $1.20M
NOI $71,913 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,438 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with remodeled residences and convenient access to shopping, Georgia Square Mall, and Atlanta Highway.
Where is this apartment building located?
The property is located at 180 Chalfont Lane Athens, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Six apartment units totaling 6,426 square feet; Each unit measures more than 1,000 square feet; All units occupied with active leases
