260 Park Ridge Dr, Athens, GA 30605
MULTI_FAMILY - Athens, GA
- Added:
- Mar 13, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 9 at 12:06 am
Property Features for 260 Park Ridge Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- o8944
- Size
- 1,768 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- 88888
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
Listing agent Rich Xu License #377121 (706) 255-0316
Listing office Greater Athens Properties 575 N Harris Street, Athens, GA (706) 510-5189
Listing date Mar 13, 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
- Duplex built in 1979 with 2 units, each offering 2 bedrooms and 1 bathroom on one level
- Both units are currently rented at $950/month with month‑to‑month leases
- Large yard provides outdoor space for tenants
- New roof and many upgrades completed in recent years
- Heating: natural gas central; cooling: central air and electric
- Utilities: electric water heater; public water and septic tank sewer
Overview
Located at 260 Park Ridge Dr in Athens, GA 30605 within Clarke County, the property sits on a 0.6-acre lot. It is arranged as a duplex, providing two income-producing units under one ownership structure. Both units are currently rented, with month-to-month leases in place.
For buyers seeking a residential income property, this setup can offer straightforward leasing with two similar floor plans and the ability to adjust lease terms on a month-to-month basis. The combination of a newer roof, updated HVAC, and completed upgrades may reduce near-term maintenance concerns compared to properties requiring immediate capital work. The current tenant occupancy also provides immediate rental income while the new owner manages lease renewals and ongoing operations.
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 | $32.5k | $18.36 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $30.7k | $17.35 |
| − OpEx | −$9.2k | −$5.20 |
| NOI | $21.5k | $12.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.340651
- Latitude
- 33.93406
