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    Lake Lanier Multifamily Development Opportunity Title is generated by Realmo AI

    2451 NW Old Thompson Bridge Road, Gainesville, GA 30501

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    For Sale
    $2,500,000

    MULTI_FAMILY - Gainesville, GA

    Property size:
    1,440 SF
    Lot size:
    0.01 Acres
    Price / 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

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    Listing Contact
    Cindy LaDuke

    Listing agent Cindy LaDuke

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

    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8474
    Latitude
    34.335453

    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.
    More about this property
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