Wooded Riverfront
For Sale
$400,000
575 Vaughn Rd, 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$172.04
Days on Market49
Property Features for 575 Vaughn Rd
General Information
Standard status
Active
Size
2,325 SF
Lot size
2.22 Acres
Property subtype
Multi-Family
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
Listing Agency:
RAC Properties of Athens, Inc.
Listed By:
Ellen West · License #407755
(706) 355-3178
Source:
Wadehouse
Added: Aug 30
Changed: Oct 12
Last Checked: Oct 7 at 5:18PM
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.
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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 / Yr
$28,234
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
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
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 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 7.06%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K
NOI $39,234 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 Rd Athens, GA.
What is the asking price?
The asking price for this property is $400,000.
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
