43
Map
178 First Street
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Price Decreased |
$550,000
↓ $30K
(5.1%) | |
| Price Decreased | |||
| Nov 27, 2025 | Price Increased |
$579,500
↑ $500
(0.1%) | |
| Price Increased | |||
| Sep 5, 2025 | Listed by Corcoran Classic Living | $579,000 | |
| Listed by Corcoran Classic Living | |||
| Jul 28, 2025 | Listed | $589,000 | |
| Listed | |||
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One of a kind, contemporary, bungalow COMPLETELY REMODELED in the heart of Athens. Seller remodeled from the foundation to the roof and has filled the property with an array of hand-selected wood finishes including pine and cherry hardwood. Main house has 1 bed and 1 bath, featuring a sunroom (hook-ups for optional sink) overlooking the front yard and its abundance of fruit trees. Guest house has 2 SEPERATE levels each with a laundry hook-up, kitchenette, and private entrances, with a juliette balcony on the second level! A 12x20 custom-built barn is perfect for storage and easily accessible from both the main and guest house! All three buildings overlook a centralized courtyard with a raised cobblestone garden bed! Throughout the home, you will see beautifully crafted touches of local tilework and metalwork. Located just blocks from the Artisan Urban Farm Sanctuary, Downtown Athens, UGA's North Campus, parks, trails, the Oconee River, and Sanford Stadium, you are a walk away from all the fun! All LG appliances stay. Show today!
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| Apr 8, 2025 | Listed | $589,000 | |
| Listed | |||
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Very Unique, Intown Property, located one block from Downtown Athens, with 2 homes, an Artfully Restored Historic Bunalow, and a 2-story Modern Guest House. Additionally, theres a large storage building/workshop, 4 patios ( one for each structure on property ), a large 3 tall stone raised bed garden area in center of courtyard, a cobblestone walkway, 4 patios, both front and back yards are fenced, and theres a concrete driveway thats approximately 15 x 70. The yard is landscaped with a plethora of fruiting trees: Fig, Peach, Nectarine, Apple, Pear, as well as Blueberry bushes, and a Grape Arbor. Local Artists and Craftsfolk have contributed an array of creative touches throughout the property, inside and out: theres custom decorative metal railing on back porch of main house, a metal sunflower balcony and porch railing on guest house porch and balcony, colorful tile murals in bathroom, sunroom floor, and kitchen backsplash, a variety of wood species on walls, ceilings, floors, and wainscot. The historic primary house has had walls removed to create open floor plan; one enters the front gate into a patio/courtyard, and enters front door into a sunroom wrapped in windows on 3 sides, with tile floor and sunflower mosaic, wood ceiling, and 2 large French doors that open to the whole right side of the house, which has tall ceilings, beautiful wood floors, European style shutter windows that are hinged on sides. At the rear of this large living area sits the kitchen, with new stainless appliances, custom mosaic tile backsplash, and the window over sink overlooks back porch and courtyard. To left of kitchen, another wall was opened up, connecting it to a Great Room with a vaulted natural wood ceiling, walls, floors, huge windows, and an artfully designed, newly built, exposed brick chimney, with stone accents. In the center of the house theres a 2 room wood and tile bathroom, which features a colorful tile mosaic in the shower, and a transom over shower provides natural light. This bathroom connects to the primary BR, the great room, and kitchen. One of the 2 rooms in this bath could be converted into a 2nd or half bath, or possibly a pantry for kitchen. Returning to Great room, it opens to a back porch with custom metal railing, and sits up high above courtyard, a beautiful area. From the courtyard, one can exit a wooden privacy gate to access guest house. Upstairs has a studio apartment with a porch and balcony; the interior is entirely open, all wood floors, walls, and vaulted ceiling, theres a small, functional kitchen and a full bath with tile floors and shower. A unique 2 piece barn door with colored glass panes opens to them balcony, which has more of them sunflower metal railing. On the primary level, accessed independently from upstairs, it too is one big room with its own full bath and w/d. It provides an excellent flex space which has a diversity of potential uses: a guest space, teen suite, home office or art studio, gym space, band practice/music studio, home hair salon, ( use your imagination ). A 3rd structure is a large storage space or workshop. This Artisan Urban Farm Sanctuary is just blocks from, not only the heart of Downtown, and the UGA Arches/North Campus, but also the Civic Center, multiple Parks, the Oconee River, Trail Creek, the Greenway and Firefly Trails, Sanford Stadium, and a vibrant and eclectic array of live entertainment, an internationally recognized music/arts scene, and diverse culinary offerings, along with local breweries/pubs. Finding such a unique, arts-centric, property, especially this close to Downtown is a rarity. Location, Location, Location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017