Renovated Duplex with Brick
For Sale
Under Contract
$310,000
330 Midway Road, Athens, GA 30605
Residential Income, Athens, GA
Property Size1,624 SF
Lot Size0.48 Acres
Price / SF$190.89
Days on Market229
Property Features for 330 Midway Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-8
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Appliances
Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Washer
Directions
From downtown Athens, head east on E Broad St. and take the slight right onto Oconee St. Continue onto Lexington Rd. Turn right onto Midway Rd. The house will be on your right.
Standard status
Active Under Contract
APN
234C1-C-015
Size
1,624 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
330 MIDWAY RD
Tax Annual Amount
3267
Legal Description
330 MIDWAY RD
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
2
Building materials
Brick
Listing Agency:
Rent Athens, LLC
(706) 389-1700
Listed By:
Colby Smith · License #348494
(706) 224-4305
Added: Jan 13
Changed: Aug 29
Last Checked: Aug 30 at 3:06PM
MLS# CL346798
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.
This duplex contains 1,624 square feet on a 0.48-acre parcel and was built in 1962 with brick construction. Recent improvements include kitchen cabinetry, appliances, and flooring. The layout includes four bedrooms and two bathrooms, with central heating, central air conditioning, and electric service. Appliances include a washer, dryer, dishwasher, oven, range, and refrigerator.
The property is in Athens, Georgia, near shopping and restaurants. It has RS-8 zoning, public water, and a septic tank. The duplex is leased through July, providing an existing occupancy arrangement for the next owner.
The property is in Athens, Georgia, near shopping and restaurants. It has RS-8 zoning, public water, and a septic tank. The duplex is leased through July, providing an existing occupancy arrangement for the next owner.
Key Highlights
- 1,624‑square‑foot duplex on 0.48 acres
- Four bedrooms and two bathrooms
- Updated kitchen cabinetry, appliances, and flooring
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
$19,722
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
6.36%
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%
$394,440
$394.4K
Cap Rate 7%
$281,743
$281.7K
Cap Rate 9%
$219,133
$219.1K
Market Conditions
NOI Build-Up for 1,624 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
$29.8K $18.36/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$28.2K $17.35/SF
− OpEx
−$8.5K −$5.20/SF
NOI
$19.7K $12.14/SF
Area
Athens, GA
Vacancy
5.51%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
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%
$394,440
Cap Rate 7%
$281,743
Cap Rate 9%
$219,133
Alternative Uses
Best Use
Multifamily LT 5
$281.7K
$246.5K – $328.7K
NOI $19,722 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$259.6K
$227.2K – $302.9K
NOI $18,174 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated interiors, included appliances, and an existing lease extending through July.
Where is this duplex located?
The property is located at 330 Midway Road Athens, GA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,624‑square‑foot duplex on 0.48 acres; Four bedrooms and two bathrooms; Updated kitchen cabinetry, appliances, and flooring
