About This Home

This 9-bedroom, 4-bathroom multi-family at 131 S Milledge Avenue in Athens, GA is listed for $1,395,000 ($372 per sqft). Built in 1965, the home offers 3,747 sqft of living space on a 0.39 acres lot.

Key Features

  • Built in 1965
  • 0.39 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
4 full
1965

Amenities

FireplaceHardwoodA/C
Listing Description

Four walls, four units, four separate meters - and a location that speaks for itself. Set on Milledge Ave directly across from the ADPi house at the corner of Broad, this circa-1920s stucco quadplex puts tenants in the middle of everything without sacrificing the character of an established Athens neighborhood.

Zoned commercial and currently rented. Four walls, four units, four separate meters - and a location that speaks for itself. Set on Milledge Ave directly across from the ADPi house at the corner of Broad, this circa-1920s stucco quadplex puts tenants in the middle of everything without sacrificing the character of an established Athens neighborhood.

Zoned commercial and currently rented, with income details available upon request. The main level holds two spacious 3-bedroom/1-bath units, each with hardwood floors, central heat and air, and its own private deck. Downstairs offers a 1-bedroom/1-bath unit and a 2-bedroom/1-bath unit, both with central heat and air and their own outdoor space.

Each unit is separately metered for gas and electric, with tenants covering those utilities and the owner covering water - a straightforward setup for a new owner. Deep front porches, arched entries, and mature shade trees give the property real curb presence, while ample on-site parking is a rare find this close to campus.

This is the kind of address that rarely comes up for sale - walkable, established, and positioned on one of Athens most recognized corridors. Whether your are expanding a rental portfolio or securing a foothold in one of the city's tightest markets, this quadplex offers immediate income potential with long-term upside.

Monthly Cost Estimate

$7,461/mo

20% down · 6.5% · 30 years

Principal$1,009
Interest$6,045
Insurance$407

Estimates only. Actual payments may vary.

Location

131 S Milledge Avenue

Athens, GA 30605

Features & Amenities

Interior Features

Ceiling Fan(s)Fireplace

Exterior Features

Deck

Property Details

Flooring

VinylHardwood

Construction

Stucco

Outdoor Features

Deck

Heating

CentralNatural Gas

Cooling

Central AirElectric

Appliances

Some Gas AppliancesCooktopDishwasherGas Water HeaterDryerRefrigeratorWasher

Questions & Answers

This 9-bedroom, 4-bathroom multi-family at 131 S Milledge Avenue is listed at $1,395,000 ($372/sqft). The estimated monthly payment is $7,461 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.39 acre lot, 2 stories, Fireplace. Interior Features: Ceiling Fan(s), Fireplace. Exterior Features: Deck.

This property is listed by Gena Knox.

GK

Gena Knox

License 392457

Agent at Dwell Real Estate

Listed by Dwell Real Estate · Broker phone: 7066125576 · View on Broker Site

MLS# CL363762· Source: Hive MLS· 58 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

131 S Milledge Avenue, Athens, GA 30605

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