641/647 West Hancock Avenue
Athens, GA 30601
$2,500,000

641/647 West Hancock Avenue
Athens, GA 30601
$2,500,000
$572/sq ft
10
Bedrooms
10
Bathrooms
4,368
Sq Ft
2008
Year Built
0.16
Acres
19
Days Listed
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.
School Zones
Clarke County School District
Rating: 6/10Serving Athens-Clarke County with a diverse range of programs including magnet and STEM schools.
High School Zones
This district has multiple attendance zones. The assigned school depends on the specific address.
Middle Schools
Elementary Schools
Schools are a top factor for homebuyers. Dean can help you find the perfect home in your preferred school zone.
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Dean Bright
Athens Elite Real Estate
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