Active Under Contract Multi-Family MLS# 10840103

131 S Milledge Avenue

Athens, GA 30605

$1,395,000

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About 131 S Milledge Avenue

Four walls, four units, four separate meters - and a location that speaks for itself. Set on Milledge Ave directly across from the ADPi house at the corner of Broad, this circa-1920s stucco quadplex puts tenants in the middle of everything without sacrificing the character of an established Athens neighborhood. Zoned commercial and currently rented, with income details available upon request. The main level holds two spacious 3-bedroom/1-bath units, each with hardwood floors, central heat and air, and its own private deck. Downstairs offers a 1-bedroom/1-bath unit and a 2-bedroom/1-bath unit, both with central heat and air and their own outdoor space. Each unit is separately metered for gas and electric, with tenants covering those utilities and the owner covering water - a straightforward setup for a new owner. Deep front porches, arched entries, and mature shade trees give the property real curb presence, while ample on-site parking is a rare find this close to campus. This is the kind of address that rarely comes up for sale - walkable, established, and positioned on one of Athens most recognized corridors. Whether your are expanding a rental portfolio or securing a foothold in one of the city's tightest markets, this quadplex offers immediate income potential with long-term upside.

Property details

Property

Type
multi
Year built
1965
Lot
0.39 ac
List date
Sep 2, 2026

Schools

District
Clarke County School District

Location

Subdivision
Milledge Ave
Neighborhood
Historic Dearing Street

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Questions on 131 S Milledge Avenue, Athens, GA 30605, or want to see it in person?

Commercial, foreign national and DSCR rental loans through our affiliate, Investor Underwriting.

Investor Financing

Listed by Gena N Knox, Dwell Real Estate

Based on information from the Georgia MLS © 2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. DMCA Data displayed may be a portion of, and not a complete set of all listings published in the MLS.