Wooded Riverfront
New
For Sale
Contact for pricing
575 Vaughn Road, Athens, GA 30606
Three-unit rental property with wooded acreage, river frontage, private outdoor spaces, and individual central heating and air conditioning.
Property Size2,325 SF
Lot Size2.22 Acres
Price / SF$176.34
Days on Market7
Property Features for 575 Vaughn Road
General Information
Standard status
Active
Size
2,325 SF
Lot size
2.22 Acres
Property subtype
Multifamily
Units
Unit Mix
1 x 1BD/1BA (600 sq ft), 1 x 2BD/2BA (1400 sq ft), 1 x 1BD/1BA (850 sq ft)
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
private porch
deck
Building Details
Year Built
1970
Buildings
1
Units
3
Listing Agency:
Rac Properties Of Athens, Inc
(706) 355-3178
Listed By:
Ellen West · License #GA
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 1:56PM
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 Rac Properties Of Athens, Inc
Investment Insights
Based on property information with market context.
Built in 1970, this triplex contains three distinct residences on 2.22 wooded acres along a river. Unit A offers 600 square feet with one bedroom and one bathroom, washer and dryer hookups, and LVP flooring. Unit B is a 1,400-square-foot, two-story residence with two bedrooms, two bathrooms, laundry hookups, and a private porch. Unit C includes 850 square feet, one bedroom, one bathroom, LVP flooring, laundry hookups, and a dedicated deck.
The property has over 200 feet of river frontage and shared well and septic service. A metal roof serves the complex, while each residence has its own central heating and air conditioning system. The combination of three separate units, private exterior areas, wooded surroundings, and waterfront access provides a clearly defined multifamily configuration.
The property has over 200 feet of river frontage and shared well and septic service. A metal roof serves the complex, while each residence has its own central heating and air conditioning system. The combination of three separate units, private exterior areas, wooded surroundings, and waterfront access provides a clearly defined multifamily configuration.
Key Highlights
- Three‑unit triplex on 2.22 wooded acres
- Over 200' of river frontage
- Unit mix includes two 1BD/1BA units and one 2BD/2BA unit
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
$28,234
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
6.89%
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%
$564,680
$564.7K
Cap Rate 7%
$403,343
$403.3K
Cap Rate 9%
$313,711
$313.7K
Market Conditions
NOI Build-Up for 2,325 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
$42.7K $18.36/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$40.3K $17.35/SF
− OpEx
−$12.1K −$5.20/SF
NOI
$28.2K $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%
$564,680
Cap Rate 7%
$403,343
Cap Rate 9%
$313,711
Alternative Uses
Best Use
Multifamily LT 5
$403.3K
$352.9K – $470.6K
NOI $28,234 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K
NOI $39,234 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit rental property with wooded acreage, river frontage, private outdoor spaces, and individual central heating and air conditioning.
Where is this triplex located?
The property is located at 575 Vaughn Road Athens, GA.
What is the asking price?
The asking price for this property is $409,990.
What are key features of this property?
This property features: Three‑unit triplex on 2.22 wooded acres; Over 200' of river frontage; Unit mix includes two 1BD/1BA units and one 2BD/2BA unit
