Dalton Multifamily Investment
3950 S Dixie Hwy, Dalton, GA 30721
MULTI_FAMILY - DALTON, GA
Property size:
7,395 SFLot size:
2.02 AcresPrice / SF:
$101/SF- Added:
- Feb 16, 2026
- Days on Market:
- 106
- Last Refresh:
- Jun 2 at 1:06 pm
Property Features for 3950 S Dixie Hwy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES HD
- Bedrooms
- 16
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bedroom 16, Bathroom 6, Bedroom 10, Bedroom 14, Bedroom 11, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 12, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 13, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 15, Bedroom 9, Bedroom 8
- Interior features
- Ceiling Fan(s), Smoke Detector
- Basement
- Other
- Appliances
- Dishwasher, Oven/Range
- Standard status
- Active
- APN
- 13-116-01-000
- Size
- 7,395 SF
- Lot size
- 2.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3391
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Wall Furnace
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 11
- Flooring type
- Vinyl
- Roof type
- Flat, Metal
Listing agent Drew McAllister (706) 271-6549
Listing office Selling North Georgia Realty 2716 Cleveland Highway, Dalton, GA (706) 271-6549
Listing date Feb 16, 2026
MLS# 133897
Listing URL
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.
HighLights
- Value‑add multifamily opportunity with 11 income‑producing units on 2.02 acres.
- Expansion potential with preliminary plan for six additional 600 SF units, increasing total to 17 units.
- Recently rezoned to R‑7 High Density Residential.
- Extensive remodeling completed in 2024‑2025, minimizing near‑term CapEx.
- Upgraded from septic to city sewer with heavy‑duty pump station and new piping.
- New roofs on houses (2022) and apartments (2024).
Overview
This multifamily property on South Dixie Highway in Dalton, Georgia, presents a value-add opportunity. The property features 11 income-producing units situated on a 2.02-acre lot. All units underwent extensive remodeling between 2024 and 2025. The roofs were replaced on the houses in 2022 and on the apartments in 2024. The property was upgraded from a septic system to city sewer, including a heavy-duty pump station and new piping designed to accommodate future expansion. The site, recently rezoned to R-7 High Density Residential, has a preliminary plan for six additional 600 square feet units, potentially increasing the total to 17 units while adhering to zoning density requirements. The gross income for the past 12 months is approximately $93,547.29. The property has a total size of 7395 square feet. Detailed financials and documented capital improvements are available. The property is located in Whitfield County.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.1k | $11.64 |
| − Vacancy | −$4.3k | −$0.58 |
| EGI | $81.8k | $11.06 |
| − OpEx | −$36.8k | −$4.98 |
| NOI | $45.0k | $6.08 |
7,395 SF · lease $11.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$642.5K
$562.2K – $749.6K
NOI $44,976 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,663 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dalton
- County
- Whitfield
- State
- Georgia
- Longitude
- -84.980561
- Latitude
- 34.6700942
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with expansion potential in Dalton, Georgia.
Where is this apartment building located?
The property is located at 3950 S Dixie Hwy Dalton, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Value‑add multifamily opportunity with **11 income‑producing units on 2.02 acres**.; Expansion potential with preliminary plan for **six additional 600 SF units**, increasing total to 17 units.; Recently rezoned to R‑7 High Density Residential.
