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    Lake Lanier Income Property

    2447 NW Old Thompson Bridge Road Gainesville, GA 30501

    2447 NW Old Thompson Bridge Road, Gainesville, GA, 30501
    $1,290,000
    For Sale
    Claim this Listing
    $1,290,000

    MULTI_FAMILY - Gainesville, GA

    Property Size1,440 SF
    Lot Size0.01 Acres
    Price / SF$895.83
    AddedMar 20
    Days on Market117
    Last RefreshJul 14 at 2:06 pm

    Property Features for 2447 NW Old Thompson Bridge Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Parking Lot
    Window features
    Double Pane Windows
    Standard status
    Active
    APN
    01097A000027
    Size
    1,440 SF
    Lot size
    0.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3866

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    2024
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Block, HardiPlank Type
    Roof type
    Composition

    Listing agent Cindy LaDuke

    Listing office EXP Realty, LLC. 1372 Peachtree St NE, Atlanta, GA

    Listing date Mar 20, 2026

    MLS# 7738667 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. 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 Gainesville, GA multifamily property presents an income-producing investment opportunity near Lake Lanier. The property features 4 fully completed Class A condominium units, which are currently 100% occupied. The units generate approximately $99,000 in annual gross income, or $8,250 per month, with a net operating income of $80,436 and an estimated 5.36% cap rate. Unit rents are currently $2,000, $1,750, $2,000, and $2,500. Each unit offers 3 bedrooms, 3.5 bathrooms, and approximately 1,440 square feet. Constructed in 2023, the units feature modern finishes and layouts. The seller will cover HOA dues from closing through January 1, 2027, which amounts to $8,640 per year. The property is located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers. The lot size is approximately 0.01 acres.

    Key Highlights

    • Income‑producing investment property with 4 fully occupied Class A condominium units.
    • Strong in‑place cash flow with an estimated 5.36% cap rate.
    • Seller will cover HOA dues through January 1, 2027, reducing operating expenses.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Auto Repair Shop Hair Salon Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Real Estate Agency (Bike/Boat/Book/etc) Store Spa & Massage Center Skin Care Clinic (Bike/Boat/Book/etc) Store

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

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    FAQs

    What type of property is this?
    Apartment building - Gainesville multifamily investment opportunity near Lake Lanier.
    Where is this apartment building located?
    The property is located at 2447 NW Old Thompson Bridge Road Gainesville, GA.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: Income‑producing investment property with 4 fully occupied Class A condominium units.; Strong in‑place cash flow with an estimated 5.36% cap rate.; Seller will cover HOA dues through January 1, 2027, reducing operating expenses.
    Contact an agent
    (888) 959-9461
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    Cindy LaDuke
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