524 Vine Street,Athens, GA 30601
Athens, GA 30601
Description
PROPERTY DESCRIPTION: 524 Vine Street is a 28-unit apartment complex situated on 1.49 acres in East Athens, less than a mile from downtown and the University of Georgia campus. All 28 units are one-bedroom, one-bath, giving the property a consistent, easy-to-manage unit mix. The complex is currently 100% occupied with an NOI of $160,125. The 14,760 SF building was constructed in 1985 on a 1.49-acre site in East Athens. The site also includes a 1,500 SF single-family residence that offers a buyer additional income potential through renovation and rental, or possible conversion to a duplex, subject to applicable zoning. LOCATION DESCRIPTION: 524 Vine Street sits in the East Athens neighborhood, directly accessible from Vine Street in Athens-Clarke County. The property is within a short distance of downtown Athens, the University of Georgia, and Athens Regional Medical Center, placing it in a rental market with consistent year-round demand supported by the area's proximity to major employers, the University of Georgia, and Athens Regional Medical Center. East Athens has seen continued investment in recent years as demand for workforce and affordable housing near the UGA campus has grown. The area's proximity to downtown employers, transit routes, and UGA's expanding footprint supports stable occupancy for well-maintained multifamily properties at this price point.
Details
| MLS # | 10783753 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 154 |
| Listing Provided By | NAI Elrod Group | Brian Elrod |
Features
| SQ Feet | 14,760 |
|---|---|
| Building(s) | 2 |
| Zoning | RM-2 |
| Acreage | 1.49 |
Interior
| Cooling | Electric |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Electric |
| Heating Yes / No | Yes |
Exterior
| Lot Features | Corner Lot, Level, Near Public Transit |
|---|---|
| Construction Materials | Brick |
| Roof | Metal |
| Fencing | Chain Link, Fenced |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Lot |
Utilities
| Utilities | Underground Utilities |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 16820.41 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | GA |
|---|---|
| County | Clarke |
| City | Athens |
| Zip Code | 30601 |
| Area | Clarke |
| Listing VS Median (in 30601) | |
Price: $2,250,000 low | high Med: $376,735 sqft: 14,760 low | high Med: 1,585 $ / sqft: $152 low | high Med: $238 On site: 154 low | high Med: 22 | |
Market Activity 30601
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Learn More About This Property
| State | GA |
|---|---|
| County | Clarke |
| City | Athens |
| Zip Code | 30601 |
| Area | Clarke |
| Listing VS Median (in 30601) | |
Price: $2,250,000 low | high Med: $376,735 sqft: 14,760 low | high Med: 1,585 $ / sqft: $152 low | high Med: $238 On site: 154 low | high Med: 22 | |