495 S Milledge Avenue, Athens, GA 30605

Athens
Local realty services provided by:Better Homes and Gardens Real Estate Treasure
495 S Milledge Avenue,Athens, GA 30605
$2,420,000
  • 22 Beds
  • 21 Baths
  • 11,052 sq. ft.
  • Multi-family
  • Active
Listed by: joshua chandler, blake underwood
Office: athens real estate group, llc.
MLS#:CL351579
Source:NC_CCAR

Price summary

  • Price:$2,420,000
  • Price per sq. ft.:$218.96

About this home

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 unoccupied. 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 or email joshc@athensreg.com.

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Home facts

  • Year built:1953
  • Listing ID #:CL351579
  • Added:1 day(s) ago
  • Updated:March 21, 2026 at 10:21 AM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:21
  • Full bathrooms:17
  • Half bathrooms:4
  • Flooring:Tile, Vinyl
  • Kitchen Description:Range, Refrigerator
  • Living area:11,052 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Baseboard, Electric, Heating
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:11,052 sq. ft.
  • Lot area:0.83 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Brick
  • Foundation Description:Slab

Finances and disclosures

  • Price:$2,420,000
  • Price per sq. ft.:$218.96

Features and amenities

  • Appliances:Range, Refrigerator

Parking

  • Parking description:Garage, Off Street, Parking Lot
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