Rare Opportunity in the Heart of Downtown Watkinsville Two adjacent, fully renovated homes situated on a combined 3.22 acres right in the fabric of historic downtown Watkinsville. Located along the corner of McNally Park / S Main Street and Colham Ferry Road, with access via Colham Ferry Extension, this unique homestead offers charm, space, and location all in one. This property features three separate tracts of land two with existing homes and the third offering open space ideal for future development. Zoned for top-rated Oconee County schools, both homes were originally built in the early 1970s and recently renovated with: New roofs Updated HVAC systems Fresh paint & new flooring throughout Renovated kitchens with new appliances Fully updated bathrooms A recorded easement down a private dirt road provides access and privacy, opening up to a hidden gem in the middle of town. Currently income-producing, this property presents a rare blend of immediate cash flow and long-term development potential. Whether you're seeking a multi-generational setup, investment opportunity, or the perfect location to expand, this one checks all the boxes. Don't miss your chance to own a truly special piece of Watkinsville.1. Development Potential, 2. Second Residence, 3. Income Producing, 4. Investment Property, 5. Prime Location
For sale
Price cut: $100K (4/15)
$1,200,000
70-72 Colham Ferry Ext, Watkinsville, GA 30677
6beds
3,181sqft
Est.:
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$377/sqft
$-- HOA
What's special
New roofsUpdated hvac systemsFully renovated homesFully updated bathrooms
- 26 days
- on Zillow |
- 449 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: 16 hours ago
Listed by:
Stephanie Paulus,
Keller Williams Greater Athens
Source: Classic MLS,MLS#: 1024733
Originating MLS: Athens Area Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Multiple Heating Units
Cooling
- Electric, Multi Units
Appliances
- Included: Dishwasher, Oven, Refrigerator
Features
- Ceiling Fan(s), Custom Cabinets, High Speed Internet, Solid Surface Counters
- Flooring: Luxury Vinyl Plank, Tile
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 3,181 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off Street, Parking Available
- Garage spaces: 1
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch
- Exterior features: Porch
- Waterfront features: None
Lot
- Size: 3.22 Acres
- Features: Level
Details
- Additional structures: Second Residence, Shed(s)
- Additional parcels included: W 08 002D
- Parcel number: W 08 002E
- Zoning description: Single Family
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Crawlspace
Condition
- Updated/Remodeled
- Year built: 1972
- Major remodel year: 2023
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Watkinsville
HOA
- Has HOA: No
Location
- Region: Watkinsville
Financial & listing details
- Price per square foot: $377/sqft
- Annual tax amount: $5,217
- Date on market: 3/31/2025
- Listing agreement: Exclusive Agency
- Ownership type: Fee Simple
- Tenant pays: All Utilities
- Loading
- Loading