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:
- 48
- Last Refresh:
- May 6 at 1:06 am
Property Features for 2451 NW Old Thompson Bridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 21
- 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
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 3
- Number of units
- 9
- Building materials
- Concrete
Listing agent Cindy Laduke (678) 650-1425
Listing office eXp Realty 1372 Peachtree St NE, Atlanta, GA (888) 959-9461
Listing date Mar 20, 2026
MLS# 10714666
Listing URL
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.
Overview
Lake Lanier Multifamily Development Opportunity
This property in Gainesville, GA, presents a multifamily and development opportunity near Lake Lanier. It includes four Class A condominium units, fully built in 2023, that are currently 100% occupied. These units generate approximately $90,600 in annual gross income, with rents ranging from $1,750 to $2,000 per month. Each unit features a modern design with 3 bedrooms and 3.5 bathrooms, spanning approximately 1,440 square feet. The property also includes five 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 for development upon permit renewal. Proposed unit configurations include 4-bedroom, 3.5-bathroom end units and 3-bedroom, 3.5-bathroom interior units with a bonus room of approximately 2,000 square feet. The property is located within walking distance of Holly Park and offers lake views from the condominium units. It is also located minutes from Lake Lanier, Gainesville retail, dining, and major employment corridors. Leases indicate potential rent increases upon renewal.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.847393
- Latitude
- 34.33551
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: 4 fully occupied, Class A condominium units generating $90,600 annual gross income.; Build‑out opportunity: Immediately build 5 additional units with slab‑ready foundations and utilities stubbed.; Strong rental demand: Proximity to Lake Lanier and outdoor amenities.
