Lake Lanier Multifamily Development
2451 NW Old Thompson Bridge Road, Gainesville, GA 30501
MULTI_FAMILY - Gainesville, GA
Property size:
1,440 SFLot size:
0.01 AcresPrice / SF:
$1,736/SF- Added:
- Mar 20, 2026
- Days on Market:
- 72
- Last Refresh:
- May 30 at 6:06 am
Property Features for 2451 NW Old Thompson Bridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 9
- Parking features
- Driveway, Parking Lot
- Window features
- Double Pane Windows
- Standard status
- Active
- APN
- 01097A000026
- 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
- Cement Siding, Concrete
- Roof type
- Composition
Listing agent Cindy LaDuke (888) 959-9461
Listing office EXP Realty, LLC. 1372 Peachtree St NE, Atlanta, GA (888) 959-9461
Listing date Mar 20, 2026
MLS# 7738614
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.
HighLights
- Immediate income from 4 fully occupied, Class A condominium units generating $90,600 annual gross income.
- Opportunity for immediate vertical construction of 5 additional units with slab‑ready foundations and utilities stubbed.
- Located within walking distance to Holly Park with lake views, enhancing tenant appeal.
- Modern 2023 construction with desirable unit features: 3 bedrooms, 3.5 bathrooms, and approximately 1,440 SF each.
- Potential for rent increases of up to 40% upon renewal, supporting a strong value‑add strategy.
- Minutes from Lake Lanier, Gainesville retail, dining, and major employment corridors.
Overview
This property in Gainesville, GA, presents an exceptional multifamily and development opportunity near Lake Lanier. It combines stabilized income with immediate construction upside. The offering includes 4 fully built, Class A condominium units that are 100% occupied, generating approximately $90,600 in annual gross income ($7,550/month) based on the current rent roll. Constructed in 2023, all units feature 3 bedrooms, 3.5 bathrooms, and approximately 1,440 SF each. Current rents range from $1,750 to $2,000/month, reflecting strong occupancy and consistent tenant demand. The property is ideally located within walking distance to Holly Park and offers lake views from the condominium units. In addition to the stabilized units, the property includes 5 slab-ready units with basement foundations already in place, offering immediate vertical construction potential. Utilities are stubbed, and the site has been previously permitted, allowing a buyer to move forward with development upon permit renewal. Proposed unit configurations for the remaining build-out include end units with 4 bedrooms and 3.5 bathrooms, and interior units with 3 bedrooms, 3.5 bathrooms, plus a bonus room (2,000 SF). Located minutes from Lake Lanier, Gainesville retail, dining, and major employment corridors, the property is ideally positioned for both rental stability and future development upside.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.8474
- Latitude
- 34.335453
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Class A condos with income and expansion potential near Lake Lanier.
Where is this apartment building located?
The property is located at 2451 NW Old Thompson Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Immediate income from 4 fully occupied, Class A condominium units generating $90,600 annual gross income.; Opportunity for immediate vertical construction of 5 additional units with slab‑ready foundations and utilities stubbed.; Located within walking distance to Holly Park with lake views, enhancing tenant appeal.
