Apartment Building with HUD
620 East Olliff Street, Statesboro, GA 30458
For Sale
New
Contact for pricing
A project-based HUD contract supports rental income across a majority of the apartments, with annual adjustments tied to OCAF.
Property SizeContact for details
Days on Market6
Property Features for 620 East Olliff Street
General Information
Standard status
Net Rentable
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Harold Shepard · License GA #445263
(678) 808-2808
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:17PM
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 Marcus & Millichap - Atlanta
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Investment Insights
Based on property information with market context.
Blakewood Apartments is a 42-unit property built in 1972, with approximately 35,400 rentable square feet. The unit mix comprises 10 one-bedroom, 20 two-bedroom, 8 three-bedroom and 4 four-bedroom apartments. Twenty-nine units are covered by a project-based HUD Housing Assistance Payment contract through April 30, 2035; contract rents adjust each December under HUD’s Operating Cost Adjustment Factor. The property is 90.5% occupied, with 38 apartments leased, and three of the four vacant units are pre-leased for October 2026 move-ins. Average resident tenure is 3.2 years, and nearly one-third of households have lived at the property for more than five years.
The apartments are located at 620 East Olliff Street in Statesboro, Georgia, less than a mile from downtown and about two miles from Georgia Southern University. The university reported enrollment of more than 34,500 students for fall 2026.
The apartments are located at 620 East Olliff Street in Statesboro, Georgia, less than a mile from downtown and about two miles from Georgia Southern University. The university reported enrollment of more than 34,500 students for fall 2026.
Key Highlights
- 42 apartments built in 1972
- Approximately 35,400 rentable square feet
- Unit mix: 10 one‑bedroom, 20 two‑bedroom, 8 three‑bedroom and 4 four‑bedroom apartments
Property Analytics
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Lease Details
42
Residential units
90.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
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Business Placement
Demographics for 30458, GA
48,526
Population
19,769
Households
2.5
Avg Household Size
27
Median Age
32%
College-Educated
92%
High-School Grad
142.3 sq mi
ZIP Area
341
Density / Sq Mi
$50,036
Median Household Income
$25,059
Median Earnings
$947
Median Rent
$190,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A project-based HUD contract supports rental income across a majority of the apartments, with annual adjustments tied to OCAF.
Where is this apartment building located?
The property is located at 620 East Olliff Street Statesboro, GA.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: 42 apartments built in 1972; Approximately 35,400 rentable square feet; Unit mix: 10 one‑bedroom, 20 two‑bedroom, 8 three‑bedroom and 4 four‑bedroom apartments
