Six-Unit Apartment
For Sale
$825,000
180 Chalfont Ln Unit 1-6, Athens, GA 30606
Occupied multifamily asset with remodeled interiors and active leases.
Property Size6,426 SF
Price / SF$128.38
Days on Market145
Property Features for 180 Chalfont Ln Unit 1-6
General Information
Standard status
Active
Size
6,426 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Upchurch Realty
Listed By:
Charlie Upchurch III · License #141093
(706) 543-4000
Source:
Myhomesearchtriangle
Added: May 27
Changed: Oct 1
Last Checked: Oct 14 at 11:36PM
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 Coldwell Banker Upchurch Realty
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Investment Insights
Based on property information with market context.
Constructed in 1972, this apartment property includes six residences, each measuring 1000+ square feet. Interior improvements have been completed in every unit to varying degrees, with two apartments receiving full remodels.
All units are occupied under active leases. The property is near shopping, Georgia Square Mall, and Atlanta Highway in Athens, Georgia. Located at 180 Chalfont Ln, the asset offers an established multifamily configuration with existing tenancy and documented unit updates.
All units are occupied under active leases. The property is near shopping, Georgia Square Mall, and Atlanta Highway in Athens, Georgia. Located at 180 Chalfont Ln, the asset offers an established multifamily configuration with existing tenancy and documented unit updates.
Key Highlights
- Six units, each 1000+ square feet
- Two units have been completely remodeled
- All units are 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
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Current Use
Lease Details
6
Residential units
100%
Occupancy
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
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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 asset with remodeled interiors and active leases.
Where is this apartment building located?
The property is located at 180 Chalfont Ln Unit 1-6 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 units, each 1000+ square feet; Two units have been completely remodeled; All units are occupied with active leases
