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  • $500,000

    8420 Macon Hwy, Athens, GA 30606

    --beds
    --baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1981
    -- sqft lot
    $487,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    High visibilityAmple parkingLevel site
    Investment Highlights: Immediate Income Potential: Currently configured as a two-unit rental duplex, ideal for continued residential leasing while pursuing future redevelopment. Commercial Upside: Adjacent property was recently rezoned for office use, increasing the likelihood of successful rezoning for commercial, office, or mixed-use development. Prime Location: Directly beside Athens Academy and minutes from Watkinsville and Athens, with excellent traffic counts and corridor visibility. Path of Progress: The U.S. 441 / Macon Highway corridor continues to attract major investment, including Oconee Mercantile (planned mixed-use project), Christian Brothers Automotive, and other emerging medical and professional developments. Flexible Exit Strategies: Operate as a rental duplex for steady cash flow or pursue rezoning and redevelopment to maximize long-term asset value. Property Description 8420 Macon Highway offers a prime investment opportunity with both immediate income and long-term redevelopment potential along the rapidly expanding U.S. 441 / Macon Highway corridor in Oconee County. This single-story, all-brick duplex totals approximately 2,213 square feet on 1.09 acres directly adjacent to Athens Academy. Each unit features its own private entrance, full kitchen, living area, and sunroom-with one side configured as a 2-bedroom, 1-bath and the other as a 2-bedroom, 1.5-bath. The property provides ample parking, a level site, and high visibility with convenient access to both Watkinsville and Athens. The prospects of immediate rental revenue potential while offering significant upside through renovation or commercial repositioning. Importantly, the parcel sits immediately adjacent to a property recently rezoned for office use, underscoring the strong likelihood of successful rezoning for commercial development. With its strategic location, strong traffic exposure, and proximity to established institutional anchors, 8420 Macon Highway stands out as an excellent candidate for future office, professional services, or small-scale commercial redevelopment-while maintaining flexibility as a functional duplex investment in the near term. Location Highlights Positioned beside Athens Academy and just down the road from Presbyterian Village, this property lies squarely within Oconee County's most active growth and redevelopment corridor. The area continues to attract both commercial and medical development, including the planned Oconee Mercantile mixed-use project, Christian Brothers Automotive, and other professional offices near Hog Mountain Road (Highway 53). This corridor serves as a primary gateway to Watkinsville and southeast Oconee County, supported by strong traffic counts, new infrastructure investment, and robust development momentum. The combination of existing income, rezoning potential, and location in the path of progress makes 8420 Macon Highway a rare and versatile investment opportunity in one of the region's most desirable growth areas.
    41 days
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    460
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    10
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    Zillow last checked: 8 hours ago

    Listing updated: November 13, 2025 at 10:06pm

    Listed by:

    Jeffrey Sorohan 7706885168,

    Orbit Real Estate Partners

    Source: GAMLS,MLS#: 10635060MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Basement: Dirt Floor
    • Has fireplace: No

    Property

    Parking
    • Parking features: Side/Rear Entrance
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: C 03C 001E
    • Special conditions: Agent Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Materials
    • Brick
    • Foundation: Block
    Condition
    • Resale
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Individual Meters

    Community & HOA

    Community
    • Features: None
    • Subdivision: None
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Athens

    Financial & listing details

    • Tax assessed value: $359,764
    • Annual tax amount: $2,688
    • Date on market: 10/31/2025
    • Cumulative days on market: 41 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: 1031 Exchange,Cash,Conventional
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    Estimated market value

    $487,200

    $463,000 - $512,000

    $2,590/mo

    Price history

    Price history
    DateEventPrice
    10/31/2025Listed for sale$500,000
    Source: GAMLS #10635060 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$2,853 +5%$143,906 +13.6%
    2023$2,717 +5.4%$126,666 +13.7%
    2022$2,579 +13.7%$111,417 +13.9%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,873/mo
    Principal & interest
    $2398
    Property taxes
    $300
    Home insurance
    $175

      Climate risks

      Neighborhood: 30606

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Oconee County Primary/Elementa
      • Middle: Oconee County
      • High: Oconee County

      Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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