Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    193 Garren Cove Road Morganton, GA 30560

    View on Map
    Claim this Listing
    New
    For Sale
    $439,900

    MULTI_FAMILY - Morganton, GA

    Lot size:
    0.39 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 10 at 6:06 pm

    Property Features for 193 Garren Cove Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0031 C 002
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    898

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Zachary Munoz

    Listing agent Zachary Munoz

    Listing office eXp Realty 1372 Peachtree St NE, Atlanta, GA

    Listing date Apr 6, 2026

    MLS# 10726451

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mountain Retreat with Rental Potential

    Located in the mountains of Blue Ridge, this cabin offers a blend of comfort and income-producing potential. The property features an open-concept living space with wood interiors, vaulted ceilings, and natural light, creating a treehouse-like feel. The combined living, sleeping, and dining area flows into a well-equipped kitchen. The outdoor space is designed for relaxation and entertainment, featuring an electric fireplace, hot tub, and fire pit. Expansive porch and deck space, plus a furnished lower-level outdoor area, allow enjoyment of the natural surroundings. The property is currently operating as a short-term rental and offers income potential. It also includes deeded lake access. Located minutes from downtown Blue Ridge, this mountain escape offers rental potential and charm. The lot size is 0.39 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Fannin
    State
    Georgia
    Longitude
    -84.254785
    Latitude
    34.880806

    Nearby Similar for Sale

    • $439,900

      Mountain Retreat with Rental Potential

      North Georgia cabin, ideal second home or short-term rental.
      193 Garren Cove Road, Morganton, GA 30560
      View Details
    • $169,000

      Morganton Vacant Land with Metal Building

      5.57 acres with insulated metal building and utilities.
      691 Mitchell Branch Road, Morganton, GA 30560
      View Details
    • $89,900

      Paved RV Lot in Morganton

      Premium RV lot with sunset views and resort-style amenities.
      134 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $89,900

      Creekside RV Lot in Morganton

      Landscaped RV lot on Hemptown Creek with community amenities.
      113 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $124,500

      Hemptown Creek RV Lot

      Move-in ready RV lot with creek access and community amenities.
      121 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $93,900

      RV Lot in Mountain Paradise

      RV lot in gated community near Blue Ridge, Georgia.
      118 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $124,500

      Creekside RV Lot with Amenities

      RV lot in gated community near Blue Ridge, GA.
      121 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $118,500

      RV/Tiny Home Ready Lot

      Landscaped RV/tiny home lot with furnishings and community amenities.
      LT 191 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $79,999

      Pond-Front RV Lot in Morganton

      RV lot with pond views and community amenities near Blue Ridge.
      20 Mountain Meadows Circle, Morganton, GA 30560
      View Details
    • $85,000

      RV Lot in Waterside Community

      Convenient RV lot with amenities in a gated community.
      34 Mountain Meadows Circle, Morganton, GA 30560
      View Details
    • $85,000

      Improved RV Lot in Morganton

      Premium RV lot with amenities access in gated community.
      33 Mountain Meadows Circle, Morganton, GA 30560
      View Details
    • $56,000

      Pond-Side RV Lot Opportunity

      RV lot in gated community near Lake Blue Ridge.
      L-183 Mountain Meadows Drive, Morganton, GA 30560
      View Details

    FAQs

    What type of property is this?
    Short term rental property - North Georgia cabin, ideal second home or short-term rental investment.
    Where is this short term rental property located?
    The property is located at 193 Garren Cove Road Morganton, GA.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: Proven income‑producing potential as a successful short‑term rental.; Deeded lake access enhances the North Georgia lifestyle.; Turnkey property, fully furnished and ready for immediate use or rental.
    (678) 300-3694
    We can help!
    Listing Contact
    Zachary Munoz
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!