Property Overview

An exceptional investment opportunity awaits at 197 S. Milledge Avenue in Athens, Georgia. Known as “The Perfect Pink House,” this iconic property offers a distinctive investment opportunity in one of Athens’ most desirable locations near Five Points. Featuring approximately 3,720 square feet, eight bedrooms, and four full bathrooms, this two-story property combines character, generous living space, and strong appeal for the Athens rental market. Situated on approximately 0.25 acres, the property offers investors an opportunity to acquire a recognizable asset in a highly sought-after area near the University of Georgia. The property’s existing lease, reported through July 2027, may provide an attractive income component for investors seeking an established residential investment.

The Neighborhood

Located along South Milledge Avenue near Five Points, the property benefits from convenient access to the University of Georgia, Downtown Athens, local restaurants, retail shops, and entertainment destinations. The surrounding area is popular for its proximity to campus and the amenities of central Athens, making it an appealing location for student housing and other residential rental opportunities. Its prominent location along historic Milledge Avenue adds to the property’s visibility and distinctive neighborhood presence.

Investment Highlights

• Iconic “Perfect Pink House” with recognizable curb appeal
• Eight-bedroom, four-bathroom configuration
• Approximately 3,720 square feet of building space
• Situated on approximately 0.25 acres
• Existing lease reported through July 2027
• Established rental investment in a desirable Athens location
• Convenient access to the University of Georgia
• Close proximity to Five Points and Downtown Athens
• Potential long-term investment appeal in a sought-after rental market

Property Highlights

• Two-story residential property
• Traditional architecture with distinctive exterior character
• Spacious eight-bedroom layout
• Four full bathrooms
• Approximately 3,720 square feet
• Built in 1935, according to public property records
• Located along South Milledge Avenue
• Convenient access to campus, dining, shopping, and entertainment

Property Details

Property Address: 197 S. Milledge Avenue, Athens, GA 30605
Property Type: Residential Investment Property
Building Size: Approximately 3,720 sq. ft.
Bedrooms: 8
Bathrooms: 4 full bathrooms
Stories: 2
Lot Size: Approximately 0.25 acres
Year Built: 1935
Occupancy: Reported fully leased through July 2027
Location: Five Points / South Milledge Avenue, Athens, Georgia
Proximity: University of Georgia, Five Points, Downtown Athens, restaurants, retail, and entertainment

Listing Information

Investment Opportunity: An established Athens residential investment featuring a distinctive property, an eight-bedroom layout, and reported existing lease income in a desirable location near the University of Georgia.

For current lease documentation, rental income, operating expenses, property condition, zoning, permitted uses, and additional investment details, please inquire with the listing broker.