Six-Unit Apartment
For Sale
$825,000
180 Chalfont Lane, Athens, GA 30606
Residential Income, Athens, GA
Property Size6,426 SF
Lot Size0.33 Acres
Price / SF$128.38
Days on Market82
Property Features for 180 Chalfont Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking features
Parking Lot
Appliances
Dishwasher, Electric Water Heater, Disposal, Range, Refrigerator
Lot features
Level
Directions
Take a left from Hawthorne Avenue onto Oglethorpe Avenue toward the bypass. From Oglethorpe Avenue, turn left onto Westchester Drive, right on Chalfont Drive, right onto Chalfont Lane. Units are on the back left of parking.
Standard status
Active
APN
064D4 A009C
Size
6,426 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
SUBD BLK: B ;
Tax Annual Amount
4406
Legal Description
SUBD BLK: B ;
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Number of units
1
Flooring type
Wood, Brick
Building materials
Brick, Wood Siding
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 543-4000
Listed By:
Charlie Upchurch III · License #141093
(706) 540-1810
Added: Jul 1
Changed: Sep 12
Last Checked: Sep 20 at 4:06AM
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.
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 = 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
$71,913
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
8.72%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
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
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?
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
