8420 Macon Highway
Athens, GA, 30606 $ 500,000
Baths0.0 Monthly Estimate*
$ 3,079
Studio Multi-Family Home for sale in Athens, GA
for $500,000. This home was built in 1981 on a lot size of 1.
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.
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Individual Meters
Association Fee Includes None
Construction Materials Brick
Year Built 1981
Levels One
Property Subtype Multi Family Duplex
Tax Year 24
Community Features None
County Oconee
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions 8420 Macon Highway Athens GA 30606
High School Oconee County
City Athens
Senior Community Y/N N
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 43560
Carport Y/N N
Elementary School Oconee County Primary/Elementa
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2688.87
Home Warranty Y/N N
Middle/Junior High School Oconee County
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorBasement Dirt Floor
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Side/Rear Entrance
Water Source Public
Lot Size Area 1
Foundation Details Block
Spa N
Lot Size Acres 1
Lot Size Source Public Records
Waterfront Y/N N
Horse Y/N N
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* Excluded FeaturesList ByOrbit Real Estate PartnersBroker
jeff@orbitrealestatepartners.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,079
- Monthly Property Taxes
- $224
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
4133610 Elementary School
4135848 Middle School
Oconee County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/31/2025 | $500,000 | | Listed Price |