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37-Unit Student Housing Portfolio
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406 S Wilkinson St, Milledgeville, GA 31061

Purpose-built residences feature two- and three-bedroom townhome-style layouts within walking distance of campus.

Property Size50,640 SF
Price / SF$144.94
Days on Market85

Property Features for 406 S Wilkinson St

General Information

Standard status Active
Size 50,640 SF
Net Rentable 50,640 SF
Class B
Property subtype Multifamily
Occupancy 100%
Investment Type Value Add
Net Operating Income $476,928

Additional Details

Multifamily Units 37

Amenities

private bedroom layouts
solid oak cabinetry
soundproofing between units
ample parking

Building Details

Units 37
Listing Agency: University Holdings
Listed By: Landon Koby · License #451738
Source: Crexi
Added: Jun 8 Changed: Aug 29 Last Checked: Aug 29 at 4:26PM

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 University Holdings

Investment Insights

Based on property information with market context.

Haven is a purpose-built student housing portfolio comprising 37 units and 82 beds across three properties in Milledgeville, Georgia. The approximately 50,640-square-foot asset includes two-bedroom and three-bedroom townhome-style floorplans with private bedrooms, solid oak cabinetry, soundproofing between units, and ample parking. The portfolio is currently 100% occupied.

The properties are located at 406 S. Wilkinson Street, 620 S. Jefferson Street, and 141 W. Baldwin Street. Residents can walk to Georgia College & State University and Georgia Military College, while Downtown Milledgeville provides nearby restaurants, entertainment, and retail destinations. More than 71% of the housing is pre-leased for the upcoming academic year.

Key Highlights

  • 37 units and 82 beds across three student housing properties
  • Approximately 50,640 rentable square feet
  • 100% occupied, with more than 71% pre‑leased for the upcoming academic year

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency HVAC Service Garden Center Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

37
Residential units

Location Intelligence

Trade Area within ½ mile

669
Businesses Nearby

Demographics for 31061, GA

42,450
Population
19,323
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
272.9 sq mi
ZIP Area
156
Density / Sq Mi
$55,371
Median Household Income
$35,797
Median Earnings
$864
Median Rent
$167,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Purpose-built residences feature two- and three-bedroom townhome-style layouts within walking distance of campus.
Where is this apartment building located?
The property is located at 406 S Wilkinson St Milledgeville, GA.
What is the asking price?
The asking price for this property is $7,340,000.
What are key features of this property?
This property features: 37 units and 82 beds across three student housing properties; Approximately 50,640 rentable square feet; 100% occupied, with more than 71% pre‑leased for the upcoming academic year
More about this property
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