230/232 Rustwood Drive, Athens, GA 30606
MULTI_FAMILY - Athens, GA
- Added:
- Mar 18, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 12 at 1:06 am
Property Features for 230/232 Rustwood Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- Off Street
- Interior features
- Fireplace
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 061B1 A003
- Size
- 1,620 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- SUBD BLK: C,LOT: 4;
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Number of units
- 1
Listing agent Ceci Churchwell License #293800 (706) 247-2682
Listing office 3Tree Realty 420 S Milledge Aveune, Athens, GA (706) 247-2682
Listing date Mar 18, 2026
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
- Partially updated duplex built in 1978 with one side fully renovated
- One unit is rented for $1,025/month with a lease in place through July 5, 2027
- Renovations include new LVT floors, stainless appliances, and a new deck on the updated side
- Central heating and central air, plus electric water heater
- Appliances include dishwasher, oven, range, and refrigerator
- Public water and public sewer; off‑street parking
Overview
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 | $29.7k | $18.36 |
| − Vacancy | −$1.6k | −$1.01 |
| EGI | $28.1k | $17.35 |
| − OpEx | −$8.4k | −$5.20 |
| NOI | $19.7k | $12.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.470228
- Latitude
- 33.98997
