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For Sale

641/647 West Hancock Avenue

Athens, GA 30601

$2,500,000

641/647 West Hancock Avenue - Photo 1
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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: 6/10

Serving 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.

Clarke Central High School6/10
Cedar Shoals High School5/10

Middle Schools

Clarke Middle School6/10
Hilsman Middle School5/10

Elementary Schools

Barrow Elementary6/10
Chase Street Elementary7/10
Timothy Road Elementary7/10

Schools are a top factor for homebuyers. Dean can help you find the perfect home in your preferred school zone.

Call Dean
Dean Bright

Dean Bright

Athens Elite Real Estate

24+ Years Experience

Ready to see this property? Schedule a private showing or call Dean directly.

Call: 706-340-1701

Financial Details

Price / Sq Ft$572

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