Property Description

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.

Features
: Central, Electric
: Central Air, Electric
: Other
: In Hall
Appliances
: Electric Water Heater
Address Map
US
GA
Clarke
Athens
30601
West Hancock Avenue
641/647
W84° 36' 52.6''
N33° 57' 27.7''
From North Milledge, take a left on West Hancock, property is on the right
MLS Addon
CollegeTown Properties LLC
Heather Fincher
Yes
Yes
$0
Additional Information
2026-03-24
2
: Public
Listing Information
Courtney Lawrence
CM288001778
CM316
CollegeTown Properties LLC
CM288002757
CM316
Other
Active Under Contract
2026-05-11T16:39:37Z
HiveMLS
: Standard
2026-05-11T12:36:23Z

641/647 West Hancock Avenue

641/647 West Hancock Avenue, Athens, Georgia 30601

10 Bedrooms
10 Bathrooms
4,368 Sqft
0.16 Acre
$2,500,000
Listing ID #CL350474
Basic Details
Property Type : Residential
Listing Type : For Sale
MLS ID : 239b79920cb44822ffad526c82bb837c
Listing ID : CL350474
Price : $2,500,000
View : Panoramic
Bedrooms : 10
Bathrooms : 10
Lot Area : 0.16 Acre
Square Footage : 4,368 Sqft
Year Built : 2008
Status : Active Under Contract
Full Bathrooms : 10
Property Sub Type : Single Family Residence
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