$2,420,000

495 S Milledge Avenue, Athens, GA 30605

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon0.83acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Athens Real Estate Group is please to offer the exclusive listing of the Gran Ellen Apartment complex in heart of Athens, GA. Located at the corner of S. Milledge Avenue and Baxter Street, notably one of the most prominent intersections in and around the UGA Campus, this 17 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 (4) 2 bed/1.5 bath units, (1) 2 bed/1 bath unit, and (12) 1 bed/1bath units that all offer a history of high occupancy with all but two units, which need significant rehab, currently being tenant occupied. 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. Please see Agent remarks for tour, contact, and offer information.

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
March 25, 2026 at 9:08PM
Listing Office:
Athens Real Estate Group : 706-549-7417
Listing Agent:
Josh Chandler : 706-207-2521
MLS ID:
10715316
  • Basement: None
  • A/C: Central AirElectric
  • Heating: CentralElectric
  • Fireplace: Fireplaces: 0
  • Parking: Off StreetParking spaces: 24
  • General: BrickStone FrameTwoSlab
  • HOA Amenities: 0.0
  • Originating MLS: Georgia MLS 2
  • County: Clarke
  • Zoning: 171C1 E013
  • Utilities: Underground Utilities
  • Water: Public
  • Sewer: Public Sewer
  • Source: Georgia MLS 2

This listing courtesy of Josh Chandler , Athens Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bettye Henderson Holston Elementary School

205 Alps Rd, Athens, GA, 30606

Grades PK-5

1.23 miles away

C

Clarke Middle School

1235 Baxter St, Athens, GA, 30606

Grades 6-8

1.13 miles away

C

Clarke Central High School

350 S Milledge Ave, Athens, GA, 30605

Grades 9-12

0.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.