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641/647 West Hancock Avenue, 
Athens, GA 30601

$2,500,000


10

Beds


10

Baths


4,368

Sq Ft


Single Family

Active

Listed by

Heather Fincher

Courtney Lawrence

Collegetown Properties LLC.

Last updated:

May 4, 2026, 10:11 AM

MLS#

CL350474

Source:

NC CCAR

About This Home

641/647 West Hancock Avenue

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.

Home Facts

Single Family

10 Baths

10 Bedrooms

Built in 2008

Price Summary

2,500,000

$572 per Sq. Ft.

MLS #:

CL350474

Last Updated:

May 4, 2026, 10:11 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

10

Interior

Living Area:

4,368 Sq. Ft.


Structure

Structure

Year Built:

2008


Lot

Lot Size (Sq. Ft):

6,969


Finances & Disclosures

Finances

Price:

$2,500,000

Price per Sq. Ft:

$572 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.