Five Points Investment Property

153 Morton Avenue, Athens, GA 30605

  • For Sale $1,070,000
  • Property Type Multi-Family
  • Property Size 3,406 SF
  • Units 1
  • Lot Size 0.25 Acre
  • Year Built 1934
  • Date Updated Apr 12, 2025
Five Points is Athens’ most iconic and beloved neighborhood, known for its walkability, charm, and vibrant community atmosphere. Tree-lined streets lead to locally owned coffee shops, restaurants, boutiques, and neighborhood markets—all just steps from this home. With UGA, Memorial Park, and Beechwood Shopping Center nearby, you’re never far from what matters. Excellent schools, historic architecture, and a true sense of community make Five Points a top choice for homeowners and investors alike. Whether you’re strolling to breakfast, enjoying a football Saturday, or taking a sunset walk, living in Five Points means experiencing the best of Athens every day.This classic stone cottage isn’t just located in the heart of Five Points—this is the heartbeat of Five Points. A proven income-producing asset for over two decades, this property has been continuously rented to members of the Kappa Alpha Theta sorority for the past 25 years, with new tenants renewing every two years. It is currently leased at $5,000/month, and demand remains strong year after year. Offering 5 bedrooms, 3 bathrooms, and RM-1 multifamily zoning, the home presents excellent upside for investors. Featuring hardwood floors, a daylight basement with private entry, multiple living spaces, and unbeatable walkability to UGA and Milledge Avenue, this is the kind of location and legacy rental rarely available. Owner financing is available and preferred, making this a rare opportunity for investors seeking a profitable and prestigious investment.
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Highlights

  • Owner Financing Available
  • $5,000/month rental income — proven history
  • Rented by Kappa Alpha Theta members for 25+ years
  • 5 bedrooms / 3 full bathrooms
  • Zoned RM-1 – Residential Multifamily
  • Daylight basement with private entrance
  • Opportunity for value-add upgrades
  • Steps from UGA & Milledge Greek life

Contacts

broker
Daniel Bennett, CCIM

NAI Elrod Group

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Athens, GA
  • Zip Code 30605

Points of Interest

  • Groome Airport Shuttle Service

    0.56 miles

  • Shell

    0.11 miles

  • Circle K

    0.24 miles

  • ChargePoint

    0.58 miles

  • Valero’s

    0.73 miles

  • Marathon

    0.83 miles

  • Kroger

    1.00 miles

  • Chevron

    1.13 miles

  • BP

    1.27 miles

  • Envirospark

    1.57 miles

  • Blink

    1.64 miles

  • S13

    0.24 miles

  • S14

    0.35 miles

  • S13C (Stegeman Coliseum)

    0.37 miles

  • W15A (Global Engagement Building)

    0.37 miles

  • W12F (Public Service and Outreach)

    0.40 miles

  • Carlton Street Deck

    0.41 miles

  • S12A (Hoke Smith Annex)

    0.43 miles

  • Presbyterian Student Center Parking Lot

    0.44 miles

  • S16B (Indoor Tennis Stadium)

    0.44 miles

  • S16D (Tennis Court)

    0.45 miles

  • The Rushmore

    0.15 miles

  • University of Georgia Center for Continuing Education & Hotel

    0.54 miles

  • Americas Best Value Inn

    1.15 miles

  • Best Western Athens

    1.16 miles

  • InTown Suites

    1.20 miles

  • SpringHill Suites Athens Downtown/University Area

    1.22 miles

  • Georgia Gameday Center

    1.29 miles

  • Homewood Suites

    1.54 miles

  • Hilton Garden Inn Athens Downtown

    1.56 miles

  • Hyatt Place

    1.63 miles

  • Fully Loaded

    0.09 miles

  • Kelly's Authentic Jamaican

    0.10 miles

  • The Pine Bat & The Root Basement

    0.10 miles

  • Smoothie King

    0.10 miles

  • Baddies

    0.10 miles

  • Mediterranean Grill

    0.10 miles

  • Sakura Hibachi & Sushi Bar

    0.10 miles

  • Subway

    0.10 miles

  • Marker 7 Coastal Grille

    0.13 miles

  • Grindhouse Killer Burgers

    0.14 miles

  • David C. Barrow Elementary School

    0.19 miles

  • Horticulture Greenhouse

    0.60 miles

  • University of Georgia

    0.69 miles

  • Clarke Central High School

    0.84 miles

  • West Broad School

    1.17 miles

  • Clarke Middle School

    1.26 miles

  • Bettye H. Holston Elementary School

    1.37 miles

  • Oconee School

    1.39 miles

  • Athens Area Vocational School

    1.41 miles

  • Chase Street Elementary School

    1.86 miles

  • Noah's Place Learning Center

    1.74 miles

  • Little Prodigies Child Development Center

    1.98 miles

  • Bright Beginnings Academy

    2.34 miles

  • Childcare Network

    2.92 miles

  • The Preschool Academy

    2.96 miles

  • Big Blue Marble Academy

    4.55 miles

Frequently Asked Questions

How much does Five Points Investment Property cost?

The space currently listed for sale at Five Points Investment Property asks for $1,070,000.

What is the total square footage of Five Points Investment Property?

Five Points Investment Property totals 3,406 square feet.

When was this property built?

Five Points Investment Property was built in 1934.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Daniel Bennett, CCIM

NAI Elrod Group

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