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.
For sale
$5,190,000
1390 Barnett Shoals Road, Athens, GA 30605
64beds
25,200sqft
Est.:
Single Family Residence
Built in 2008
4.45 Acres Lot
$-- Zestimate®
$206/sqft
$-- HOA
What's special
Expansive road frontage
- 16 days |
- 680 |
- 46 |
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#: CL351848
Originating MLS: Athens Area Association of REALTORS
Tour with a local agent
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
Video & virtual tour
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listed for sale | $5,190,000+730.4%$206/sqft |
Source: | ||
| 7/26/2007 | Sold | $625,000+95.3%$25/sqft |
Source: Public Record Report a problem | ||
| 6/1/2007 | Sold | $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
More affordability tools
Climate risks
Neighborhood: 30605
Nearby schools
GreatSchools rating
- 5/10Barnett Shoals Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 3/10Hilsman Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10Cedar Shoals High SchoolGrades: 9-12Distance: 1 mi
Local experts in 30605
- Georgia
- Clarke County
- Athens
- 30605
- 1390 Barnett Shoals Road

