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$2,420,000

  • Sold
  • Closed
  • Multi-Family
  • 22 Total Beds
  • Updated 9 days ago
See This Home
Save This Home
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Athens Real Estate Group is please to offer the exclusive listing of the Gran Ellen Apartment complex in heart of Athens, GA. Located at the corner of S. Milledge Avenue and Baxter Street, notably one of the most prominent intersections in and around the UGA Campus, this 17 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (4) 2 bed/1.5 bath units, (1) 2 bed/1 bath unit, and (12) 1 bed/1bath units that all offer a history of high occupancy with all but two units, which need significant rehab, currently being tenant occupied. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. Please see Agent remarks for tour, contact, and offer information or email listing agent.

Full Property Details for 495 S Milledge Ave

General

  • Sold For: $2,420,000
  • Taxes: $21,462 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: 2253
  • MLS ID: CL351579
  • Added to Site: 65 day(s) ago

Interior

  • Appliances: Some Gas Appliances, Gas Water Heater, Oven, Range, Refrigerator
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 21
  • Full Bathrooms: 17
  • Half Bathrooms: 4

Bedrooms

  • Total Bedrooms: 22

Other Rooms

  • Laundry: None

Parking

  • Parking Features: Garage, Off Street, Parking Lot, Rear/Side/Off Street

Location

  • County: Clarke
  • Driving Directions: From Atlanta Highway (Broad Street) take Milledge Avenue South toward Baxter Street. Apartment complex is on the left at the intersection of Baxter and S. Milledge. Parking is in the REAR accessed off Milledge Avenue only.

Community

  • Units Assoc/Comm: 17

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Baseboard, Central, Electric, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Underground Utilities

Structural Information

  • # Buildings: 2
  • Property Detached: Yes
  • Construction: Brick
  • Basement Desc.: None
  • Roof: Asphalt, Composition
  • Common Walls: 2+ Common Walls
  • Square Feet: 11,052
  • Year Built: 1953

Lot Features

  • Lot Size (Acres): 0.83
  • Lot Size (Sq. Ft.): 36,155
  • Lot Features: Corner Lot, Historic District
  • Zoning: C-O

Financial Considerations

  • For Sale: Yes
  • Other Fee Freq.: Monthly
  • Tax Amount: $21,462
  • Tax Year: 2025
  • Terms: Cash, Conventional, 1031 Exchange, Other

Disclosures and Reports

  • Ownership: Investor
  • Special Conditions: Standard
  • Legal Description: 495 S MILLEDGE AVE
  • Property ID: 171C1-E-013

Listed by Athens Real Estate Group, LLC, Joshua Chandler
Sold by Greater and Preferred LLC, Reign Streiter

Listing agent

— 495 S Milledge Ave —

  • Joshua Chandler

    Athens Real Estate Group, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 495 S Milledge Ave

Date
Details
Price
Change
Source
5/13/2026
Sold
$2,420,000
—
MLS
3/20/2026
Listed
$2,420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Athens Real Estate Group, LLC, Joshua Chandler
Sold by Greater and Preferred LLC, Reign Streiter

495 S Milledge Avenue, Athens, GA 30605 (MLS# CL351579) is a Multi-Family property that was sold at $2,420,000 on May 13, 2026. Want to learn more about 495 S Milledge Avenue? Do you have questions about finding other Multi-Family real estate for sale in Athens? You can browse all Athens real estate or contact a Coldwell Banker agent to request more information.