580 E Broad Street, Athens, GA 30601
OFF MARKET

580 E Broad Street
Athens, GA 30601

  • Studio

$10,545,400

Trulia Estimate
as of May 21, 2026
Est. Refi. Payment $60,305/mo*
Refinance Your Home

$10,545,400

Trulia Estimate
as of May 21, 2026
Est. Refi. Payment $60,305/mo*
Refinance Your Home
Studio
(on 0.68 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

This flagship Athens asset is adjacent to UGA and Downtown and comprises 36 units + 119 beds. It was originally constructed in 1897, but was converted to loft apartments in 1977 and then an extensive value-add was completed from 2018 - 2023. Farmers Exchange is currently 100% Occupied and 92.4% Pre-Leased for AY 25-26 with average rents at only $768/ bed. Surrounding competition this close to campus charges $286 - $604 more per bed for their 1BR - 5BR floor plans.

This deal comes with ASSUMABLE non-recourse debt with Fannie at 4.14% that matures 12/1/31. It's on a 30 year AM and has IO until 12/1/26. Loan Balance is $7.467MM (67% LTV).

Farmer's Exchange has been well maintained throughout the years. In 2018, the 300 Building had floors refinished, ceiling height increased and a full interior/ exterior paint. All common area lighting was replaced, a laundry room was added, alongside common area updates to include a pool table, package lockers, study rooms, nest thermostats and updated exterior signage.

Current ownership resealed the flat TPO roof in January 2020 and in 2021 performed a Green Loan update which included adding solar film protective to all windows, adding weather stripping to all doors/ windows and adding low flow shower heads. In 2023, 10 HVAC units were replaced and they also replaced and upgraded the entire fire monitoring system (including electrical and conduit).

Interior unit features include exposed brick and beam architecture, hardwood floors, white wood cabinets, granite countertops, stainless steel appliances and more.

-Incredible Location: This property is adjacent to The University of Georgia and Downtown Athens.
-Assumable Non-Recourse Debt: This property has assumable non-recourse debt with Fannie at 4.14% with IO until 12/1/26 that matures 12/1/31.
-Strong Occupancy and Pre-Lease: Farmer's Exchange is currently 100% Occupied and 92.4% Pre-Leased 24-25 school year.
-Ability to Reduce Expenses: Farmer's exchange currently includes cable in the rent, so stripping this expense for AY 25-26 would save over $7,000 on an annual basis.1. Hardwood Flooring & Exposed Brick and Beam Architecture, 2. White wood cabinets with granite countertops and stainless steel appliances, 3. Nest Thermostats and Electronic Keys / Fob entry, 4. ASSUMABLE DEBT! Adjacent to UGA's campus
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from July 10, 2025

Home Highlights

Parking
56 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 580 E Broad Street

Interior Features

Interior Details
Basement: Full,Unfinished
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Electric
Levels, Entrance, & Accessibility
Number of Stories: 2

Exterior Features

Parking & Garage
Parking Spaces: 56
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 81

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Brick
Property Information
Parcel Number: 171B7A001

Price & Status

Price
List Price: $11,220,000
Status Change & Dates
Off Market Date: Mon Nov 04 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: AthensCommunity: Downtown
School Information
Elementary School: Barrow ElementaryJr High / Middle School: Clarke MiddleHigh School: Clarke Central

Community

Units in Building: 36

HOA

HOA Fee Frequency (second): AnnuallyAssociation for this Listing: Athens Area Association of REALTORSNo HOA

Lot Information

Lot Area: 0.68 acres

Offer

Contingencies: Due DiligenceListing Agreement Type: Exclusive Right To Sell

Miscellaneous

BasementMls Number: CM1020905Above Grade Unfinished Area Units: Square FeetActivation Date: Thu Aug 15 2024Below Grade Unfinished Area Units: Square FeetShowing Requirements: See RemarksUniversal Property Id: US-13059-N-171B7A001-R-N
Last check for updates: about 3 hours ago
Listed by Jill Swope, (706) 305-7785
University Holdings Brokerage, LLC
Bought with: Jill Swope, (706) 305-7785, University Holdings Brokerage, LLC
Originating MLS: Athens Area Association of REALTORS
Source: Hive MLS, MLS#CM1020905

Price History for 580 E Broad Street

DatePriceEventSource
03/23/2026$761ListingRemovedZillow Rentals
10/30/2025$3,495PriceChange
Zillow Rentals
10/05/2025$761Listed For RentZillow Rentals
03/14/2025$10,300,000Sold
Hive MLS #CM1020905
11/04/2024$11,220,000PendingHive MLS #1020905
08/15/2024$11,220,000Listed For SaleHive MLS #1020905
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Comparable Sales for 580 E Broad Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
495 S Milledge Avenue, Athens, GA
1.05
Multi-Family Home
$2,420,000
05/13/26
15
19
11,052
320 Vine St, Athens, GA
0.80
Multi-Family Home
$325,000
01/21/26
-
-
191 Carver Drive W, Athens, GA
0.77
Multi-Family Home
$200,000
06/25/25
4
2
1,444
485 Meigs St, Athens, GA
0.84
Multi-Family Home
$575,000
08/01/25
-
-
168 Grady Avenue, Athens, GA
0.95
Multi-Family Home
$735,000
02/17/26
3
2
2,246
365 S Church Street #1A, 1B, 1C, Athens, GA
0.81
Multi-Family Home
$1,625,000
01/13/26
9
9.5
4,736
188 Booker St, Athens, GA
0.88
Multi-Family Home
$122,500
08/25/25
2
-
-
50 Springdale St, Athens, GA
1.07
Multi-Family Home
$1,485,000
12/15/25
-
-

Nearby homes

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Assigned Schools

These are the assigned schools for 580 E Broad Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Athens

At least 537 Trulia users voted on each feature.

  • 85 % Say car is needed

  • 84 % Say it's dog friendly

  • 74 % Say parking is easy

  • 71 % Say there's holiday spirit

  • 67 % Say yards are well-kept

  • 60 % Say kids play outside

  • 58 % Say it's quiet

  • 57 % Say there's wildlife

  • 55 % Say people would walk alone at night

  • 54 % Say there are sidewalks

  • 50 % Say neighbors are friendly

  • 47 % Say streets are well-lit

  • 45 % Say it's walkable to restaurants

  • 43 % Say they plan to stay for at least 5 years

  • 40 % Say it's walkable to grocery stores

  • 28 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Vs6cbt2wtf
    "Is a very supportive community with sidewalks, parks, a great bookstore with a very good children’s section and a variety of restaurants "
    0
    Flag
  • Jackson Oglesby
    "Lots of activity and opportunities to interact with other dog owners. Tends to be a very dog friendly city."
    1
    Flag
  • Trulia User
    "Everything is typically within a fifteen to twenty minute drive. The big loop around the city gives easy access to get to all different areas of town, including UGA, popular shopping centers, and restaurants. "
    0
    Flag
  • Gina Ashley
    "Trick or treating on Boulevard! Love it here so much! Could not pick a better area to raise a family in"
    0
    Flag
  • Jyoung530
    "Very safe and kinda friendly but most folks do keep to themselves or interact with their own family. There is only a very light traffic of homeowners in my subdivision but unfortunately there are no sidewalks or play areas for the kids. Folks walk their dogs in the street. Children play in their own front or back yards it seems. You rarely see or hear them out and they won’t recognize you as a neighbor. This is unfortunate but typical of neighborhoods in this area and in the South."
    0
    Flag
  • Grady Thrasher
    "Very walkable, great shops and restaurants, beautiful old homes. Decent number of rentals, which has positives and negatives. "
    0
    Flag
  • Trulia User
    "Great area! It’s such a nice place to live. It’s quiet and safe with a diverse residential community. Nice place to live and work. Great area! It’s such a nice place to live. It’s quiet and safe with a diverse residential community. Nice place to live and work. "
    4
    Flag
  • Trulia User
    "Kingswood is a Great neighborhood to run in. 100 trick or treaters each year. Houses are kept up well. Neighbors look out for each other. "
    0
    Flag
  • Trulia User
    "Brookstone is a great neighborhood ! I’ve been living here for the past 5 years and is really a safe place to live great neighbors ! Lots of communication with everyone regarding the best for our community. "
    1
    Flag
  • Trulia User
    "I have lived in this neighborhood for two months. Everyone I have passed has either stopped to introduce themselves or pass with a friendly smile"
    0
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  • Trulia User
    "I have raised two kids here for the last 13yrs I feel safe in my neighborhood at all times I worked 3rd shift and had no problems there are college students police men and fire men as well"
    0
    Flag
  • Trulia User
    "I've lived in forest heights for 10 years it's very quiet and private I love the space and the great neighbors "
    2
    Flag
  • Trulia User
    "There’s plenty of space to walk your dog and lots of friendly residents who greet each other while walking their dogs. "
    0
    Flag
  • Trulia User
    "It’s a pleasant 2 mi. Circle in the middle, across which a road runs through it. Giving you several choice about how much to wak. Traffic runs slow. Walkers are easily ridden around with plenty of room. "
    0
    Flag
  • Trulia User
    "A lot of college students or otherwise young adults. More grad students than undergrad. A few small families. "
    0
    Flag
  • Mary C. H.
    "Quiet neighborhood and well kept lawn maintenance by the land lord. Maintenance worker is always quick when things need repair and they just put in new roofs! Not a lot of kids in the neighborhood, cars tend to drive pretty quick here. "
    31
    Flag
  • Sgerber341
    "Full of college students who attend the University of Georgia so you get to meet new people practically every year. "
    4
    Flag
  • Astyanax66
    "Lots of dogs and walkers, no aggressive dogs, paths to walk. School field, near vet school.well lit area."
    0
    Flag
  • Alise D.
    "I love how quiet the neighborhood is and how kind all of our neighbors are. So grateful for a diverse and close knit community. Easy to walk to all of the most popular places. Just outside of Normaltown and in one of the best school zones in the county. Knottingham is a very special place to live."
    7
    Flag
  • Steven B.
    "I’ve lived in this neighborhood for 2 year and the property is clean and well kept. And very respectful neighbors."
    0
    Flag
  • Alise D.
    "Bike ride to work. Little Over a mile. Beautiful quiet streets and a sidewalk on the busiest road. Only a couple lights along the way."
    2
    Flag
  • Chuck
    "Barber street is usually covered in plastic cups from Greek rich kids parties. They also think it’s fine to just congregate in the streets and park like Barber is their driveway. But I do love boulevard and surrounding area. Have lived in this area for 17 years. I hear the school district is great. And being able to walk to downtown is fantastic."
    10
    Flag
  • Thomas B.
    "Pool, dog park, playground, close to Walmart, Aldis, McDonalds, Kroger. Great maintenance department."
    0
    Flag
  • Elizabeth H.
    "neighborhood picnics9 We have a lot of neighborhood get together. The kids all get along and ride bikes, play outside or hangout at different places 🤔"
    4
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  • Misty J.
    "Athens is amazing. I love the diversity of people and local businesses. The parks and activities are great here as well. It always feels safe."
    0
    Flag
  • Rebecca M.
    "the downtown area is really family friendly and has a lot of activities for kids to adults. it's a great place to live "
    7
    Flag
  • Dez
    "It’s a pet friendly neighborhood, and I love living in Athens no bad experiences for me this far which I’m thankful for "
    0
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  • Dez
    "Easily Accessible which is a plus. I feel safe in the neighborhood that I’m in and I’ve rode the bus before and felt safe on it."
    0
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  • Megan A.
    "The downtown/ east side area is great for taking your kids on walks and going shopping at all the little shops nearby."
    1
    Flag
  • Doni B.
    "I always see dogs and their owners all the time and the owners always pick up after them aleays..!!!"
    3
    Flag
  • Amber S.
    "Loved here for three years. Neighbors can be very loud and play music very loud late at night. Have had items storm fro mailbox and yard. "
    0
    Flag
  • Megan A.
    "Downtown holiday parades, music festivals, art shows, farmers market, music venues, concerts, college games"
    2
    Flag
  • Veronica R.
    "parks, drinking fountains, where you can go out with your pet, to be able to walk with your pet, and with your children too, since my children love their pets"
    0
    Flag
  • Savie R. A.
    "Awesom town! Not too big and not too small. There are plenty of fun things to do almost every weekend "
    0
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  • Si Z.
    "my neighborhood in normaltown. cute, expensive, but fun. I love my neighbors. people's yards are landscaped really well also. "
    0
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  • Ronnie A.
    "More and more people are living here but the roads are staying the same size since the past 30 years. Traffic can be horrible going to work in the morning, and getting off work, from 4pm to 6pm, forget going anywhere. Depending what part of Athens you’re in, will effect your view on Athens. There’s a poor lifestyle and there’s a wealthy lifestyle to this town. Slowly Athens is updating its lifestyle to fit wealthy families. It sure is a college town, and traffic is much better once the college students are out of town. I’ve lived here my whole life so I know where to go and where not to go. I’ve seen girls/college girls out walking in places they shouldn’t have been walking (out of town ppl don’t know any better) but they think since it’s a college town it’s ok, and that’s where they’re wrong. Overall nice town but way too crowded. "
    0
    Flag
  • Brooke K.
    "recovery fest and athfest are great plus all the vintage shops are quaint and not chained out. lots if life bands"
    2
    Flag
  • Allisonwhogue
    "I drive to Oakwood every day, and it’s an easy commute. Not much traffic and a steady flow. Much better than when I lived in Atlanta! "
    2
    Flag
  • Prissymissy678
    "Weekend events and UGA events.convenience to restaurants and shopping. Neighbors are not neighborly. Too much crime and police do not do their jobs."
    2
    Flag
  • Samantha E.
    "Our current neighborhood isn’t that great. There’s not a lot of courtesy that gets displayed between residents, it’s in a sketchy part of town, and there have been a few crimes that have occurred here in a short amount of time. Would not recommend raising your children here. Also the public schools are terrible."
    14
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Homes for sale near 580 E Broad Street

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Off Market Homes Near 580 E Broad Street

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-10-17 12:20:34 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025-10-17 12:20:34 PDT Hive MLS

Homes for rent near 580 E Broad Street

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580 E Broad Street, Athens, GA 30601 is a studio multi-family built in 1890. This property is not currently available for sale. 580 E Broad Street was last sold on Mar 14, 2025 for $10,300,000 (8% lower than the asking price of $11,220,000). The current Trulia Estimate for 580 E Broad Street is $10,545,400.