Duplex with
For Sale
$289,000
367 Old Cottonwood Mill Road, Tunnel Hill, GA 30755
Residential Income, Tunnel Hill, GA
Property Size1,516 SF
Lot Size1.00 Acre
Price / SF$190.63
Days on Market131
Property Features for 367 Old Cottonwood Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Condominium
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 4, Bedroom 1
Patio and Porch features
Patio
Interior features
Laundry Room
Exterior features
Patio
Appliances
Microwave Built-in, Oven/Range, Refrigerator
Subdivision
Cottonwood Mill Estates
Elementary school
Tunnel Hill
Middle school
Westside
High school
Northwest
Elementary school district
27
Middle school district
27
High school district
27
Standard status
Active
APN
27-053-01-015
Size
1,516 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2454
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet
Roof type
Metal
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Marbin Campos
(706) 280-9323
Added: Apr 27
Changed: Aug 31
Last Checked: Sep 4 at 5:06PM
MLS# 135445
Copyright © 2026 Carpet Capital Association of REALTORS®. 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 duplex contains 1,516 square feet on a 1-acre parcel and was built in 1982. The property includes a laundry room, patio, ceramic tile and carpet flooring, and a kitchen package with a built-in microwave, oven/range, and refrigerator. Central heating and central air conditioning serve the residence, while the metal roof provides a durable exterior feature.
The property is located at 367 Old Cottonwood Mill Road in Tunnel Hill, Georgia, within Whitfield County. Public water is available, and wastewater service is provided by a septic tank. The layout includes four bedrooms, two bathrooms, and additional laundry space, supporting the duplex configuration.
The property is located at 367 Old Cottonwood Mill Road in Tunnel Hill, Georgia, within Whitfield County. Public water is available, and wastewater service is provided by a septic tank. The layout includes four bedrooms, two bathrooms, and additional laundry space, supporting the duplex configuration.
Key Highlights
- 1,516‑square‑foot duplex on a 1‑acre lot
- Built in 1982 with a metal roof
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$204,580
$204.6K
Cap Rate 7%
$146,129
$146.1K
Cap Rate 9%
$113,656
$113.7K
Market Conditions
NOI Build-Up for 1,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.5K $10.20/SF
− Vacancy
−$850 −$0.56/SF
EGI
$14.6K $9.64/SF
− OpEx
−$4.4K −$2.89/SF
NOI
$10.2K $6.75/SF
Area
Whitfield County, GA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$204,580
Cap Rate 7%
$146,129
Cap Rate 9%
$113,656
Alternative Uses
Best Use
Multifamily LT 5
$146.1K
$127.9K – $170.5K
NOI $10,229 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,220 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 30755, GA
9,930
Population
4,080
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
83%
High-School Grad
36.8 sq mi
ZIP Area
270
Density / Sq Mi
$70,433
Median Household Income
$40,741
Median Earnings
$799
Median Rent
$184,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with central heating and cooling, laundry space, and public water service.
Where is this duplex located?
The property is located at 367 Old Cottonwood Mill Road Tunnel Hill, GA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,516‑square‑foot duplex on a 1‑acre lot; Built in 1982 with a metal roof; Four bedrooms and two bathrooms
