10-Unit Multifamily
For Sale
$1,500,000
240 Varnes Lane, Lakemont, GA 30552
Residential Income, Lakemont, GA
Property SizeContact for details
Lot Size10.00 Acres
Days on Market693
Property Features for 240 Varnes Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school
Rabun
Middle school
Rabun
High school
Rabun
Directions
PLEASE USE GPS
Standard status
Active
APN
046B 005
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1449
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Number of units
10
Building materials
Block, Brick, Vinyl Siding, Wood Siding
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Syed Firoz · License #419636
(470) 269-0420
Added: Oct 1, 2024
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# 10387152
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.
Investment Insights
Based on property information with market context.
This multifamily property includes 7 buildings containing 10 units across a 10-acre tract. The configuration includes a triplex, duplex, two single-wide mobile homes, two studio cottages, and a 2/1 cabin; one studio cottage also includes a loft. All units are tenant occupied. Improvements were built in 1986 and feature block, brick, vinyl siding, and wood siding construction, along with central heating, central air, and ceiling fans.
The property is designated R3 and includes 4 acres containing the existing buildings plus an additional 6 acres. Water service details are not included here; wastewater is handled by a septic tank. The address is in Lakemont, Georgia, near Highway 441 and approximately 5 miles from Clayton. The property is offered for sale, with showings subject to an acceptable offer.
The property is designated R3 and includes 4 acres containing the existing buildings plus an additional 6 acres. Water service details are not included here; wastewater is handled by a septic tank. The address is in Lakemont, Georgia, near Highway 441 and approximately 5 miles from Clayton. The property is offered for sale, with showings subject to an acceptable offer.
Key Highlights
- 7 buildings with 10 total units
- Unit mix includes a triplex, duplex, two single‑wide mobile homes, two studio cottages, and a 2/1 cabin
- All 10 units are currently tenant occupied
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 30552, GA
1,717
Population
1,686
Households
1
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
55.7 sq mi
ZIP Area
31
Density / Sq Mi
$58,417
Median Household Income
$41,141
Median Earnings
$1,139
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Seven buildings provide varied residential configurations with all units currently leased.
Where is this multifamily property located?
The property is located at 240 Varnes Lane Lakemont, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7 buildings with 10 total units; Unit mix includes a triplex, duplex, two single‑wide mobile homes, two studio cottages, and a 2/1 cabin; All 10 units are currently tenant occupied
