500 Gaines School Road
Athens, GA, 30605 $ 389,000
Bedrooms4 Baths2.0 Sq 2,027 Monthly Estimate*
$ 2,687
for $389,000 with 4 bedrooms and 2 full baths. This 2,027 square foot home was built in 1938 on a lot size of 0.54.
Unique Opportunity: Commercially zoned, 1930s, 2028', 4/2 Bungalow on .54 acre lot, with large storage barn, with a wide array of potential uses: an artful home, rental, potential Airbnb, Live/Work space, Commercial Office site in a high traffic corridor: ( Law, Accounting, Property Mgt/Real Estate, Massage Therapy, Medical...). The home is imbued with an abundance of historic character and artfulness. As one approaches the front door, there's an antique brick front courtyard, a front porch with mural painted by a local artist, and a swing bed. Inside, the house has wood floors throughout, plaster walls, custom crown molding, 2 artfully tiled baths, a large master suite on left rear with wood walls and ceilings, excellent natural light, an antique slider door to a lovely bath, and an antique clawfoot tub open to bedroom. The long galley style kitchen opens to a sunroom and formal dining room, though it has a cute eat-in corner nook, as well as a stainless fridge and gas range, an antique farmhouse sink, pendent lighting, & ceiling fan. There are 2 other bedrooms on main floor, and the entirety of the attic is finished as a large 4th BR or flex room. The sunroom has W/D connections, and there's a door in the floor that lifts to reveal stairs to a cellar that serves as a mechanical room, tornado/zombie apocalypse shelter, or storage. One can exit the Sunroom to the private rear courtyard, and behind the Courtyard there's a large barn, which has been broken up into 5 storage rooms, 3 locked. There's a wooded buffer behind and to the sides of the barn, which create a nice green privacy buffer. It's possible one could add 1, or possibly more, ADUs with County permission. Ultimately, this property sits on a high traffic corridor, which is likely to continue to evolve, and finding a property at this price, with this zoning will become increasingly rare to find. Seller is a licensed realtor in Georgia.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air Electric
Utilities Cable Available Underground Utilities
Roof Composition
Appliances Dryer Range Refrigerator Washer
HOA Fee 0
Association Fee Includes None
Patio/Porch Features Patio Porch
Architectural Style Bungalow/Cottage Ranch
Construction Materials Wood Siding
Year Built 1938
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Community Features Sidewalks Near Public Transport Near Shopping
County Clarke
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name None
Garage Y/N false
Other Structures Barn(s)
Full Baths 2
Status Active
Directions From Downtown Athens/UGA Arches take Broad Street to Oconee-Lexington Road Turn right on Gaines School property 2 blocks down on right.
High School Cedar Shoals
City Athens
Lot Size Units Square Feet
Lot Size Square Feet 23522.4
Carport Y/N false
Elementary School Gaines
Land Lease Y/N false
Tax Annual Amount 2620
Home Warranty Y/N false
Middle/Junior High School Hilsman
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/sav/CL364378
Structure Type House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorInterior Amenities Master On Main Level Other
Basement Crawl Space Interior Entry Unfinished
Flooring Hardwood Tile
Total Fireplaces 1
Fireplace Features Other
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 2027
Half Baths 0
Laundry Features Other
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 3
Main Level Bathrooms 2
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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ExteriorExterior Amenities Garden
Vegetation Partially Wooded
Parking Features Off Street
Lot Features Level
Water Source Public
Total Parking 2
Lot Size Area 23522.4
Foundation Details Block
Building Area Total 2027
Lot Size Acres 0.54
Lot Size Source Public Records
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* Excluded FeaturesList ByCorcoran Classic LivingBroker
michael.littleton@corcoranclassic.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,687
- Monthly Property Taxes
- $218
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 NearbySingle family listings in Athens, GA
Average List Price $533,116
Percent of Sale Price 37%
About Athens, GA 120,660 Population
20% Since 2002
$ 36,345 Median Income
27.85 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4135528 Elementary School
4133266 Middle School
Cedar Shoals High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/14/2026 | $389,000 | | Listed Price |