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1030 Dr. Martin Luther King Parkway, Athens, GA, 30601

65beds
65baths
22,760sqft
$5,500,000
$242price/sqft
$34,104/moest. monthly cost
$1,364,160/yrincome needed

About This Home

Property Features: Proximity to the University of Georgia & Downtown Athens: Located approximately ½ mile from downtown Athens and the UGA campus. UGA’s enrollment has grown every year for the past decade, surpassing 40,000 students in 2024 — making Athens one of the strongest and most consistent student housing markets in the country Purpose-Built Student Housing: The property features large 3–5 bedroom floor plans designed for student renters, allowing efficient leasing and strong demand from roommate groups Modern Unit Features: Units include in-unit washer and dryer, hardwood floors, updated appliances, and private balconies, amenities highly valued by student renters Large Bedroom Layouts with Private Baths: Many floor plans feature private bathrooms for each bedroom, a preferred configuration in the student housing market On-Site Parking Availability: The property offers off-street parking for residents, an important amenity for students living near campus

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
57
BikeBikeable

Schools

3/10
Coile Middle SchoolGrades 6-84.7 mi
2/10
Cedar Shoals High SchoolGrades 9-124.3 mi

Construction

Condition

  • Year built: 2008

Materials

  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 65
  • Bathrooms: 65
  • Full bathrooms: 65

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 22,760 sqft

Property

Details

  • Parcel number: 163A4 B004
  • Special condition: Standard

Lot

  • Lot size: 2.48 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters Across Georgia Counties

Hurricane
Severe Storm
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $27,810$333,720
Home Insurance *$142$1,704
Property Taxes $3,941$47,292
Electricity $2,211$26,535
Total$34,104$409,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,169,280/yr
40% on housing$1,023,120/yr
45% on housing$909,440/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 30601$192
Clarke County$184

vs Homes Sold Last Month

Median $/sqft

ZIP 30601
Clarke County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Listed for sale$5,500,000
2025-06-18Price change$625
2025-04-03Price change$2,500
2025-02-20Price change$2,700
2025-01-15Price change$2,780
2024-11-21Listed for rent$2,840
2024-11-13Listing removed$2,840
2024-10-09Listed for rent$2,840
2024-04-22Listing removed--
2024-04-05Listed for rent$2,660
2024-03-24Listing removed--
2024-02-21Listed for rent$2,660
2023-11-20Listing removed--
2023-10-18Price change$2,660
2022-10-25Listed for rent$2,500
2022-01-21Sold$4,532,000
2018-03-05Listing removed$1,840
2017-12-27Listed for rent$1,840
2017-06-08Sold$3,355,000
2017-05-10Listing removed$1,820
2017-02-16Price change$1,820
2017-02-15Listing removed$3,525,000
2017-02-06Listed for sale$3,525,000
2017-01-13Listed for rent$1,365
2016-11-27Listing removed$1,365
2015-12-25Listing removed$1,800
2015-12-19Listed for rent$1,800
2014-04-24Sold$2,600,000
2008-07-30Sold$3,655,000
2007-02-28Sold$350,000

For Sale by Agent

AgentHeather Fincher
BrokerageCollegeTown Properties LLC

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