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.
Active
$500,000
8420 Macon Hwy, Athens, GA 30606
--beds
--baths
--sqft
Est.:
Multi Family, Duplex
Built in 1981
-- sqft lot
$487,200 Zestimate®
$--/sqft
$-- HOA
What's special
High visibilityAmple parkingLevel site
- 41 days |
- 459 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: November 13, 2025 at 10:06pm
Listed by:
Jeffrey Sorohan 7706885168,
Orbit Real Estate Partners
Source: GAMLS,MLS#: 10635060
Tour with a local agent
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Basement: Dirt Floor
- Has fireplace: No
Property
Parking
- Parking features: Side/Rear Entrance
Features
- Levels: One
- Stories: 1
Lot
- Size: 1 Acres
Details
- Parcel number: C 03C 001E
- Special conditions: Agent Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick
- Foundation: Block
Condition
- Resale
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Individual Meters
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Has HOA: No
- Services included: None
Location
- Region: Athens
Financial & listing details
- Tax assessed value: $359,764
- Annual tax amount: $2,688
- Date on market: 10/31/2025
- Cumulative days on market: 41 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
Estimated market value
$487,200
$463,000 - $512,000
$2,590/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Listed for sale | $500,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,853 +5% | $143,906 +13.6% |
| 2023 | $2,717 +5.4% | $126,666 +13.7% |
| 2022 | $2,579 +13.7% | $111,417 +13.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,889/mo
Principal & interest
$2414
Property taxes
$300
Home insurance
$175
Climate risks
Neighborhood: 30606
Nearby schools
GreatSchools rating
- 8/10Oconee County Elementary SchoolGrades: 3-5Distance: 2.7 mi
- 8/10Oconee County Middle SchoolGrades: 6-8Distance: 2.7 mi
- 10/10Oconee County High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Oconee County Primary/Elementa
- Middle: Oconee County
- High: Oconee County
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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