641/647 West Hancock Avenue, Athens, GA 30601
Local realty services provided by:ERA Strother Real Estate
641/647 West Hancock Avenue,Athens, GA 30601
$2,500,000
- 10 Beds
- 10 Baths
- 4,368 sq. ft.
- Single family
- Pending
Listed by: heather fincher, courtney lawrence
Office: collegetown properties llc.
MLS#:CL350474
Source:NC_CCAR
Price summary
- Price:$2,500,000
- Price per sq. ft.:$572.34
About this home
Premier Student Housing Investment Opportunity – 10 Bedroom Duplex Near UGA
Exceptional in-town investment opportunity in the heart of Athens. This 10-bedroom, 10-bathroom (5BR/5BA per side) duplex is ideally positioned just steps from the University of Georgia and walkable to Downtown Athens. Located in one of the most desirable student housing corridors, this property offers strong fundamentals and long-term upside. Each side features spacious layouts designed for student living, ample common areas, and dedicated private parking. The unbeatable location ensures consistent rental demand and premium occupancy levels year after year.
Investment Highlights:
• 10 Bedrooms | 10 Bathrooms (5BR/5BA per unit)
• Annual Gross Income: $198,230
• Estimated CAP Rate: 5.62%
• Approximately 29% Operating Expenses (on adjusted property taxes)
• Strong student housing fundamentals
• Private, spacious parking lot
• Ideal 1031 exchange opportunity
• Zoned RM1 – Multi-Family
• Pedestrian access to UGA
• Walkable to Downtown Athens
This is a rare opportunity to acquire a stabilized, income-producing asset in an unbeatable intown location with proven rental performance and continued demand from the University of Georgia student population....
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Home facts
- Year built:2008
- Listing ID #:CL350474
- Added:52 day(s) ago
- Updated:May 16, 2026 at 07:47 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Full bathrooms:10
- Living area:4,368 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heating
- Central air:Yes
Structure and exterior
- Year built:2008
- Building area:4,368 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$572.34
Features and amenities
- Laundry features:In Hall
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