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For sale
  • $5,190,000

    1390 Barnett Shoals Road, Athens, GA 30605

    64beds
    25,200sqft
    : 
    Single Family Residence
    Built in 2008
    4.45 Acres Lot
    $-- Zestimate®
    $206/sqft
    $-- HOA

    What's special

    Expansive road frontage
    This is a rare opportunity to acquire a fully stabilized student housing investment consisting of sixteen (16) four-bedroom, four-bathroom cottages located at 1220–1370 Barnett Shoals Road in Athens, Georgia. Ideally positioned just minutes from the University of Georgia, the property offers exceptional access to campus, making it highly attractive to UGA’s growing student population of over 38,000 students. The community is currently operating at 100% occupancy and boasts a strong, proven rental track record, providing immediate and reliable cash flow for investors. Each cottage sits on its own fee simple lot, offering added flexibility, long-term exit optionality, and intrinsic value not typically found in traditional student housing developments. Residents benefit from convenient proximity to a wide array of local shopping, dining, and entertainment options along Barnett Shoals Road and throughout the greater Athens area. In addition to the existing improvements, the offering includes approximately 4.45 acres of contiguous undeveloped land, presenting a compelling opportunity to expand the amenity package or potentially increase density. Zoned RM-2, this property represents an attractive opportunity to acquire a well-performing asset with meaningful scale that appeals to a wide range of investors. With established income and a location within one of Athens’ most desirable student housing corridors, assets of this size are increasingly difficult to find. The property’s unique setting is highly marketable, featuring expansive road frontage and a desirable forested natural buffer to the south that enhances resident appeal. As UGA continues to experience steady enrollment growth and strong student housing demand, the property is well-positioned for sustained performance. Interested parties may contact the listing broker for detailed financials, the current pre-lease rent roll, and to schedule a tour.
    16 days
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    680
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    46
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    Zillow last checked: 7 hours ago

    Listing updated: March 23, 2026 at 02:09pm

    Listed by:

    Chase Lawrence 706-200-7082,

    CollegeTown Properties LLC,

    Heather Fincher 706-224-5302,

    CollegeTown Properties LLC

    Source: Hive MLS,MLS#: CL351848MLS LogoOriginating MLS: Athens Area Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 64
      • Bathrooms: 64
      • Full bathrooms: 64
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater
      • Laundry: In Hall, Other
      Interior area
      • Total interior livable area: 25,200 sqft

      Property

      Parking
      • Parking features: Parking Lot
      Lot
      • Size: 4.45 Acres
      Details
      • Parcel number: 174D 003
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Condition
      • Year built: 2008

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Underground Utilities

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Athens

      Financial & listing details

      • Price per square foot: $206/sqft
      • Tax assessed value: $1
      • Date on market: 3/23/2026
      • Listing agreement: Exclusive Agency
      • Listing terms: Other
      • Ownership type: Other
      • Tenant pays: Cable TV, Electricity, Trash Collection, Water
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/23/2026Listed for sale$5,190,000+730.4%$206/sqft
        Source: Hive MLS #CL351848 Report a problem
        7/26/2007Sold$625,000+95.3%$25/sqft
        Source: Public Record Report a problem
        6/1/2007Sold$320,000$13/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
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        Find assessor info on the county website

        Monthly payment

        Est. payment
        $29,309/mo
        Principal & interest
        $25719
        Property taxes
        $3590
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          Climate risks

          Neighborhood: 30605

          Getting around

          32 / 100
          Car-Dependent
          14 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 30605