Five Points Investment Property

For Sale

153 Morton Avenue, Athens, GA 30605

This Athens property for sale is located at 153 Morton Avenue. The current listed sale price for Five Points Investment Property is $1,070,000. Five Points Investment Property is situated on a lot that is 0.25 acre in size.

Contacts

broker
Daniel Bennett, CCIM

NAI Elrod Group

Property Details

  • 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

Getting around

  • 84/100

    Walk Score ®

  • 70/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Earth Fare

    0.18 miles

  • Target

    1.36 miles

  • Burlington

    1.38 miles

  • Kroger

    1.45 miles

  • Lay-Z-Shopper Convenience Store

    1.50 miles

  • TJ Maxx / HomeGoods

    1.53 miles

  • The Fresh Market

    1.56 miles

  • Publix

    2.64 miles

  • Bells Supermarket

    2.74 miles

  • Dollar General Market

    2.75 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Daniel Bennett, CCIM

NAI Elrod Group

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