Quadplex with
For Sale
$375,000
Pending
147 Jamerson Way, Cohutta, GA 30710
Residential Income, Cohutta, GA
Property Size4,160 SF
Lot Size1.20 Acres
Days on Market149
Property Features for 147 Jamerson Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Laundry Room, Bathroom 3, Bedroom 3, Bedroom 2
Window features
Window Treatments
Patio and Porch features
Deck
Interior features
Laundry-Closet
Exterior features
Deck
Basement
Crawl Space
Appliances
Oven/Range, Refrigerator, Vent Hood
Elementary school
Beaverdale
Middle school
N Whitfield
High school
Coahulla Creek
Elementary school district
11
Middle school district
11
High school district
11
Subdivision
7-Whitfield Co-North of Hwy 2
Standard status
Pending
APN
11-169-04-000
Size
4,160 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3889
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Mandy Blankenship · License #282824
(706) 264-1212
Added: Apr 21
Changed: Sep 12
Last Checked: Sep 16 at 11:06AM
MLS# 135400
Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1998 quadplex contains four residential units totaling 4160 square feet, with approximately 1000 square feet per unit. Each residence is configured with two bedrooms and one bathroom, and long-term tenants are currently in place. Interior features include laundry closets, vinyl and carpet flooring, central heating, and central air conditioning. The units are equipped with an oven/range, refrigerator, and vent hood, while exterior decks provide additional usable space.
The property encompasses 1.2 acres in Cohutta, Georgia. Public water service and septic tank sewer support the improvements, and the building has a composition roof. The four-unit configuration, established tenant occupancy, and residential layout provide a defined multifamily asset profile.
The property encompasses 1.2 acres in Cohutta, Georgia. Public water service and septic tank sewer support the improvements, and the building has a composition roof. The four-unit configuration, established tenant occupancy, and residential layout provide a defined multifamily asset profile.
Key Highlights
- Four‑unit quadplex totaling 4160 square feet
- Approximately 1000 square feet per unit
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,380
$561.4K
Cap Rate 7%
$400,986
$401.0K
Cap Rate 9%
$311,878
$311.9K
Market Conditions
NOI Build-Up for 4,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.4K $10.20/SF
− Vacancy
−$2.3K −$0.56/SF
EGI
$40.1K $9.64/SF
− OpEx
−$12.0K −$2.89/SF
NOI
$28.1K $6.75/SF
Area
Whitfield County, GA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,380
Cap Rate 7%
$400,986
Cap Rate 9%
$311,878
Alternative Uses
Best Use
Multifamily LT 5
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$361.4K
$316.3K – $421.7K
NOI $25,301 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$664.3K
$581.3K – $775.0K
NOI $46,501 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 30710, GA
6,949
Population
2,930
Households
2.4
Avg Household Size
42
Median Age
26%
College-Educated
82%
High-School Grad
46.7 sq mi
ZIP Area
149
Density / Sq Mi
$71,197
Median Household Income
$41,583
Median Earnings
$1,084
Median Rent
$234,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Long-term tenants occupy four two-bedroom, one-bath residences with central heating and cooling.
Where is this quadplex located?
The property is located at 147 Jamerson Way Cohutta, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 4160 square feet; Approximately 1000 square feet per unit; Each unit includes 2 bedrooms and 1 bathroom
