153 Morton Ave - Apartments FOR SALE


Athens, GA 30605- Five Points
$1,070,000 USD
706-340-6066
153 Morton Ave, Athens, GA for Sale
$1,070,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

153 Morton Ave
Athens, GA 30605
Five Points


HIGHLIGHTS

  • Owner Financing Available
  • $5,000/month rental income — proven history
  • Rented by Kappa Alpha Theta members for 25+ years
  • Zoned RM-1 – Residential Multifamily
  • Opportunity for value-add upgrades
  • Steps from UGA & Milledge Greek life

OVERVIEW

This classic stone cottage isn’t just located in the heart of Five Points—this is the heartbeat of Five Points. A proven income-producing asset for over two decades, this property has been continuously rented to members of the Kappa Alpha Theta sorority for the past 25 years, with new tenants renewing every two years. It is currently leased at $5,000/month, and demand remains strong year after year. Offering 5 bedrooms, 3 bathrooms, and RM-1 multifamily zoning, the home presents excellent upside for investors. Featuring hardwood floors, a daylight basement with private entry, multiple living spaces, and unbeatable walkability to UGA and Milledge Avenue, this is the kind of location and legacy rental rarely available. Owner financing is available and preferred, making this a rare opportunity for investors seeking a profitable and prestigious investment. Five Points is Athens’ most iconic and beloved neighborhood, known for its walkability, charm, and vibrant community atmosphere. Tree-lined streets lead to locally owned coffee shops, restaurants, boutiques, and neighborhood markets—all just steps from this home. With UGA, Memorial Park, and Beechwood Shopping Center nearby, you’re never far from what matters. Excellent schools, historic architecture, and a true sense of community make Five Points a top choice for homeowners and investors alike. Whether you’re strolling to breakfast, enjoying a football Saturday, or taking a sunset walk, living in Five Points means experiencing the best of Athens every day.

FOR SALE DETAILS

PRICE

$1,070,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,070,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five Points Investment Property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RM-1

APN/PARCEL ID

173A3-B-012

ASK ABOUT THIS PROPERTY

Daniel BennettNAI Elrod GroupMore Info
706-340-6066

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Daniel BennettNAI Elrod GroupMore Info
706-340-6066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.