2451 NW Old Thompson Bridge Road Gainesville, GA 30501
- Added:
- Mar 20, 2026
- Days on Market:
- 43
- Last Refresh:
- May 1 at 7:06 pm
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
- 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 Investment Opportunity
This multifamily investment opportunity in Gainesville, GA, near Lake Lanier, includes 4 completed condominium units that are 100% occupied, generating approximately $99,000 annually, with a current NOI of $80,436. One unit has recently been re-leased at $2,500 per month. The property also features 5 shovel-ready Class A condominium units with basement slabs poured, utilities stubbed, and permits approved, allowing for completion within approximately 90 to 120 days. The new units may be configured as end units with 4 bedrooms and 3.5 bathrooms, or interior units with 3 bedrooms, 3.5 bathrooms, and a bonus room (2,000 SF). Upon completion of all 9 units, projected income is expected to increase. Scheduled $800 rent increases per existing unit beginning in July or August are expected to further enhance income performance, with projected stabilized NOI exceeding $117,000. Located minutes from Lake Lanier, Gainesville retail, and major employment corridors, this asset offers in-place income with near-term scalable growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
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 - Gainesville, GA: 9-unit multifamily with income and growth potential.
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 $3,500,000.
What are key features of this property?
This property features: Lake Lanier Class A multifamily investment opportunity with stabilized income and new construction upside.; Four fully occupied units generating approximately $99,000 annually with a current NOI of $80,436.; **Five shovel‑ready Class A condominium units with permits approved, allowing for rapid completion in 90‑120 days.**
