495 S Milledge Ave, Athens, GA 30605
- $2,420,000
- 22
- BD
- 21
- BA
- 11,052
- SqFt
- Sold Price
- $2,420,000
- List Price
- $2,420,000
- Status
- CLOSED
- MLS#
- CL351579
- Closing Date
- May 13, 2026
- Days on Market
- 10
- Year Built
- 1953
- Bedrooms
- 22
- Bathrooms
- 21
- Half-baths
- 4
- Full-baths
- 17
- Living Area
- 11,052
- Acres
- 0.83
Property Description
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.
Additional Information
- Appliances
- Some Gas Appliances, LP Gas Water Heater, Oven, Range, Refrigerator
- Cooling
- Central Air, Electric
- Heating
- Baseboard, Central, Electric, Natural Gas
- Foundation
- Concrete Perimeter, Slab
- Roof
- Asphalt, Composition
- Lot Information
- Corner Lot, Historic District
- Utilities
- Underground Utilities
- Water
- Public
Mortgage Calculator
Listing courtesy of Athens Real Estate Group, LLC. Selling Office: Greater and Preferred LLC.
Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.