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    Brick Duplex with Updated Unit Title is generated by Realmo AI

    2000 Hollis Street, Athens, GA 30605

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    For Sale
    $250,000

    MULTI_FAMILY - Ranch - Athens, GA

    Type:Single Family Residence
    Property size:
    1,264 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $197/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 2000 Hollis Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
    Parking features
    On Street, Off Street
    Appliances
    Some Electric Appliances, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    172D4 A010A
    Size
    1,264 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Description
    SUBD BLK: A,LOT: 2;

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Wall Furnace
    Cooling system
    Wall Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Ellen West

    Listing agent Ellen West License #407755

    Listing office RAC Properties of Athens, Inc. 149 Ben Burton Circle, Bogart, GA

    Listing date Jun 4, 2026

    MLS# CL357565 Listing URL

    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.

    HighLights

    • Solid brick ranch duplex built in 1970
    • Vacant unit updates include new LVP flooring and granite countertops
    • Vacant unit includes new stainless‑steel appliances, including a refrigerator
    • Heating and cooling include electric heat, wall furnace, and wall unit(s) electric cooling
    • Public water service with septic tank sewer system
    • Market rent cited as $1,000 per unit for the duplex

    Overview

    This brick duplex provides a two-sided setup that works for either owner-occupancy or residential income. The vacant unit has been updated and is move-in or rent ready, with new LVP flooring, granite countertops, a carport with storage, and new stainless-steel appliances that include a refrigerator. The second side is tenant occupied, supporting an income-producing structure for an operator who wants to live in one unit while the other remains rented.

    The property is located at 2000 Hollis Street in Athens, Georgia. Public remarks describe the convenience of being minutes from UGA and Downtown, with access to shopping and dining and quick connectivity to the Loop.

    For tenants and buyers seeking a straightforward residential income asset, the duplex’s configuration offers practical flexibility. An owner occupant can choose to live in the updated, ready-to-use unit while maintaining rental continuity on the other side, or an investor can evaluate it as a turn-key opportunity with one side already positioned for immediate occupancy. With upgrades in place and a clearly split two-unit layout, it can be easier to plan for day-to-day leasing and occupancy management.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $23.2k $18.36
    − Vacancy −$1.3k −$1.01
    EGI $21.9k $17.35
    − OpEx −$6.6k −$5.20
    NOI $15.3k $12.14
    1,264 SF · lease $18.36/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $219.3K
    $191.9K – $255.8K (±1% cap)
    NOI $15,350 @ 7.0% cap · market cap 6.14%
    Second Best
    Apartment 5plus
    $202.1K
    $176.8K – $235.8K (±1% cap)
    NOI $14,145 @ 7.0% cap · market cap 5.66%
    Theoretical Best
    Office A
    $304.7K
    $266.6K – $355.5K (±1% cap)
    NOI $21,330 @ 7.0% cap · market cap 8.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.341738
    Latitude
    33.945642

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      Solid Brick Duplex in Athens

      Updated duplex near UGA, ideal for owner-occupants or investors.
      2005 Hollis Street, Athens, GA 30605
      View Details
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      Brick Duplex with Updated Unit

      Turnkey duplex offering a move-in or rent-ready vacant side plus a tenant-occupied unit.
      2000 Hollis Street, Athens, GA 30605
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    FAQs

    What type of property is this?
    Duplex - Two-unit brick duplex offers owner-occupant flexibility with a renovated, move-in/rent-ready side.
    Where is this duplex located?
    The property is located at 2000 Hollis Street Athens, GA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Solid brick ranch duplex built in 1970; Vacant unit updates include new LVP flooring and granite countertops; Vacant unit includes new stainless‑steel appliances, including a refrigerator
    (678) 243-8187
    We can help!
    Listing Contact
    Ellen West
    Real Estate License ID: 407755
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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