Two-Unit Duplex with Rear
New
For Sale
$529,900
435 Clover Street, Athens, GA 30606
Separate residences provide a leased cottage and a vacant rear home with room for flexible occupancy.
Property Size1,949 SF
Days on Market5
Property Features for 435 Clover Street
General Information
Standard status
Active
Size
1,949 SF
Property subtype
Multifamily
Amenities
0.34 acres
Public Sewer
Parcel Number: 122A3 B001, Annual Amount: $5,816.38, Year: 2025
Ceiling Fan(s), Central Air, Electric, Gas, Heat Pump
Central, Electric, Heat Pump
Listing ID: 10870126, Standard Status: Active, MLS Status: New, On market as of 2026-10-09
Kitchen Level, Off Street, Parking Pad, Side/Rear Entrance
Elementary School: Chase Street, Middle School: Clarke, High School: Clarke Central
Crawl Space
Built in 1949, Levels: One, Construction Materials: Concrete, Wood Siding
Subdivision: Normaltown/Clover Street, County/Parish: Clarke
Resale
Electricity Individual Meters, Sewer Connected, Water Individual Meters, Water Source: Public
2 fireplaces
Close Of Escrow
Fee Includes: None
Building Details
Building Size
1,949 SF
Year Built
1949
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Julian Williams · License #395539
(770) 630-5859
Source:
Blackstreaminternational
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 7:50PM
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 eXp Realty
Investment Insights
Based on property information with market context.
The property comprises two separate residences on a deep 1/3-acre lot. The front cottage has 2 bedrooms, 1 bathroom, multiple living areas, and in-home laundry; it is leased through July 2028. The rear residence has 3 bedrooms, 2 bathrooms, and in-home laundry, plus an additional room that has served as a fourth bedroom. It is vacant. Mature trees, a private backyard, and off-street parking are also part of the property. Improvements include a new HVAC system in March 2025, insulation installed in June 2024, a new rear-unit water heater in August 2024, and a new walkway for the cottage.
Bishop Park, a 31-acre community space, is less than half a mile away, as is the YMCA. The UGA Health Sciences Campus and Piedmont Athens Regional Hospital are each less than a mile from the property. Restaurants, pubs, and coffee shops in Normaltown are a few blocks away; downtown Athens and UGA's Main Campus are less than 3 miles away.
Bishop Park, a 31-acre community space, is less than half a mile away, as is the YMCA. The UGA Health Sciences Campus and Piedmont Athens Regional Hospital are each less than a mile from the property. Restaurants, pubs, and coffee shops in Normaltown are a few blocks away; downtown Athens and UGA's Main Campus are less than 3 miles away.
Key Highlights
- Two separate residences on a 1/3‑acre lot
- Front cottage has 2 bedrooms, 1 bathroom, multiple living areas, and in‑home laundry; leased through July 2028
- Vacant rear residence has 3 bedrooms, 2 bathrooms, in‑home laundry, and an additional room used as a fourth bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,668
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,360
$473.4K
Cap Rate 7%
$338,114
$338.1K
Cap Rate 9%
$262,978
$263.0K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$35.8K $18.36/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$33.8K $17.35/SF
− OpEx
−$10.1K −$5.20/SF
NOI
$23.7K $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 Rate 5%
$473,360
Cap Rate 7%
$338,114
Cap Rate 9%
$262,978
Alternative Uses
Best Use
Multifamily LT 5
$338.1K
$295.9K – $394.5K
NOI $23,668 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$311.6K
$272.6K – $363.5K
NOI $21,811 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$469.8K
$411.1K – $548.2K
NOI $32,889 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide a leased cottage and a vacant rear home with room for flexible occupancy.
Where is this duplex located?
The property is located at 435 Clover Street Athens, GA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two separate residences on a 1/3‑acre lot; Front cottage has 2 bedrooms, 1 bathroom, multiple living areas, and in‑home laundry; leased through July 2028; Vacant rear residence has 3 bedrooms, 2 bathrooms, in‑home laundry, and an additional room used as a fourth bedroom
