About This Home

This 4-bedroom, 2-bathroom single family at 500 Gaines School Road in Athens, GA is listed for $389,000 ($192 per sqft). Built in 1938, the home offers 2,027 sqft of living space on a 0.54 acres lot.

Key Features

  • Built in 1938
  • 0.54 acre lot
  • Fireplace

Property Details

1 story
2 full
1938

Amenities

FireplaceA/C
Listing Description

Unique Opportunity: Commercially zoned, 1930s, 2028', 4/2 Bungalow on .54 acre lot, with large storage barn, with a wide array of potential uses: an artful home, rental, potential Airbnb, Live/Work space, Commercial Office site in a high traffic corridor: ( Law, Accounting, Property Mgt/Real Estate, Massage Therapy, Medical...).

The home is imbued with an abundance of historic character and artfulness. As one approaches the front door, there's an antique brick front courtyard, a front porch with mural painted by a local artist, and a swing bed. Inside, the house has wood floors throughout, plaster walls, custom crown molding, 2 artfully tiled baths, a large master suite on

left rear with wood walls and ceilings, excellent natural light, an antique slider door to a lovely bath, and an antique clawfoot tub open to bedroom. The long galley style kitchen opens to a sunroom and formal dining room, though it has a cute eat-in corner nook, as well as a stainless fridge and gas range, an antique farmhouse sink, pendent lighting, & ceiling fan.

There are 2 other bedrooms on main floor, and the entirety of the attic is finished as a large 4th BR or flex room. The sunroom has W/D connections, and there's a door in the floor that lifts to reveal stairs to a cellar that serves as a mechanical room, tornado/zombie apocalypse shelter, or storage.

One can exit the Sunroom to the private rear courtyard, and behind the Courtyard there's a large barn, which has been broken up into 5 storage rooms, 3 locked. There's a wooded buffer behind and to the sides of the barn, which create a nice green privacy buffer.

It's possible one could add 1, or possibly more, ADUs with County permission. Ultimately, this property sits on a high traffic corridor, which is likely to continue to evolve, and finding a property at this price, with this zoning will become increasingly rare to find. Seller is a licensed realtor in Georgia.

Monthly Cost Estimate

$2,080/mo

20% down · 6.5% · 30 years

Principal$281
Interest$1,686
Insurance$113

Estimates only. Actual payments may vary.

Location

500 Gaines School Road

Athens, GA 30605

Features & Amenities

Interior Features

Breakfast AreaBathtubCeiling Fan(s)Galley KitchenMain Level PrimaryPrimary SuiteSeparate Shower

Exterior Features

Courtyard

Property Details

Construction

Wood Siding

Outdoor Features

PorchPatio

Heating

CentralNatural Gas

Cooling

ElectricCentral Air

Appliances

Some Gas AppliancesDryerElectric Water HeaterOvenRangeRefrigeratorWasher

Questions & Answers

This 4-bedroom, 2-bathroom single family at 500 Gaines School Road is listed at $389,000 ($192/sqft). The estimated monthly payment is $2,080 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.54 acre lot, Fireplace. Interior Features: Breakfast Area, Bathtub, Ceiling Fan(s). Exterior Features: Courtyard.

This property is listed by Michael Littleton.

ML

Michael Littleton

License 206271

Agent at Corcoran Classic Living

Listed by Corcoran Classic Living · Broker phone: 7065594520 · View on Broker Site

MLS# CL364378· Source: Hive MLS· 48 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.

500 Gaines School Road, Athens, GA 30605

Open this listing in: