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Investment Highlights

  • Multi-family Near UGA Campus
  • Unbeatable Location
  • Huge upside for Buyer willing to renovate.

Executive Summary

Athens Real Estate Group is please to offer the exclusive listing of the Georgetown Apartment complex near downtown Athens, GA and the UGA campus. Located within earshot of Sanford Stadium's gameday roar, this 10 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (8) 2 bed/2 bath units and (2) 3 bed/2 bath units that all offer a history of high occupancy with all but one unit, which needs significant rehab, currently being tenant occupied. The lot features off street parking with a blend of open and covered parking spaces, and a central laundry center on-site. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. There is potential and demand with the proximity to UGA and Downtown Athens for a conversion to upscale condo units for resale without changing density count as well. Please contact agent for tour and offer information at joshc@athensreg.com. Broker Tour being held onsite Friday 4-17-2026 from 2p-4p.

Data Room Click Here to Access

Property Facts

Price $3,250,000
Price Per Unit $325,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Deferred Maintenance
  • Redevelopment Project
No. Units 10
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.79 AC
Building Size 14,550 SF
Average Occupancy 91%
No. Stories 2
Year Built/Renovated 1968/1987
Parking Ratio 1.92/1,000 SF
Zoning RM-1 - Multifamily

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Storage Space
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Walk-In Closets
  • Breakfast Nook
  • Family Room
  • Linen Closet
  • Pantry
  • Patio
  • Smoke Free
  • Vinyl Flooring
  • Large Bedrooms

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Storage Space
  • Individual Locking Bedrooms
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 - 1,400
2+2 8 - 1,200
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
70/100
  • Listing ID: 40147995

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 350 S Pope St, Athens, GA 30605

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