Tenant-Occupied
For Sale
$220,000
2227 Cave Hollow Rd, Dalton, GA 30721
Residential Income, DALTON, GA
Property Size1,664 SF
Lot Size0.81 Acres
Price / SF$132.21
Days on Market267
Property Features for 2227 Cave Hollow Rd
General Information
Property type
Residential Multi Family
Property subtype
Condominium
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Window features
Window Treatments
Patio and Porch features
Porch
Exterior features
Porch-Covered
Basement
Crawl Space
Appliances
Oven/Range, Refrigerator
Elementary school
Beaverdale
Middle school
N Whitfield
High school
Coahulla Creek
Elementary school district
10
Middle school district
10
High school district
10
Subdivision
4-Whitfield Co-NE
Standard status
Active
APN
10-254-05-000
Size
1,664 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Roof type
Metal
Listing Agency:
Selling North Georgia Realty
(706) 271-6549
Listed By:
Drew McAllister
(706) 581-9288
Added: Dec 18, 2025
Changed: Sep 7
Last Checked: Sep 11 at 8:06PM
MLS# 131535
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 duplex contains 1,664 square feet arranged as two residential units, each with 2 bedrooms and 1 bathroom. Both units are currently tenant-occupied. The property was built in 1960 and includes covered porch space, central heating, central air conditioning, carpet and ceramic tile flooring, and an oven/range and refrigerator for each unit. A metal roof completes the primary improvements.
The 0.81-acre property is located at 2227 Cave Hollow Rd in Dalton, Georgia, within Whitfield County. Public water and a septic tank serve the property. Its location provides access to local amenities, employment centers, and major roadways, as described in the listing information.
The 0.81-acre property is located at 2227 Cave Hollow Rd in Dalton, Georgia, within Whitfield County. Public water and a septic tank serve the property. Its location provides access to local amenities, employment centers, and major roadways, as described in the listing information.
Key Highlights
- Two‑unit duplex with 1,664 square feet of property area
- Each unit includes 2 bedrooms and 1 bathroom
- Both units are currently tenant‑occupied
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
$11,228
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
5.10%
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%
$224,560
$224.6K
Cap Rate 7%
$160,400
$160.4K
Cap Rate 9%
$124,756
$124.8K
Market Conditions
NOI Build-Up for 1,664 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
$17.0K $10.20/SF
− Vacancy
−$934 −$0.56/SF
EGI
$16.0K $9.64/SF
− OpEx
−$4.8K −$2.89/SF
NOI
$11.2K $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%
$224,560
Cap Rate 7%
$160,400
Cap Rate 9%
$124,756
Alternative Uses
Best Use
Multifamily LT 5
$160.4K
$140.4K – $187.1K
NOI $11,228 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,120 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 30721, GA
53,432
Population
19,866
Households
2.7
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
126.8 sq mi
ZIP Area
421
Density / Sq Mi
$57,749
Median Household Income
$33,029
Median Earnings
$898
Median Rent
$172,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer practical layouts with covered porch space and central heating and air conditioning.
Where is this duplex located?
The property is located at 2227 Cave Hollow Rd Dalton, GA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,664 square feet of property area; Each unit includes 2 bedrooms and 1 bathroom; Both units are currently tenant‑occupied
