Dalton Multifamily Investment
3950 S Dixie Hwy Dalton, GA 30721
For Sale
$750,000
Pending
MULTI_FAMILY - DALTON, GA
Property Size7,395 SF
Lot Size2.02 Acres
Days on Market161
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
- Bedroom 2, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 5, Bedroom 14, Bedroom 11, Bedroom 12, Bathroom 6, Bedroom 7, Bedroom 3, Bedroom 15, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 13, Bedroom 10, Bathroom 7, Bathroom 2, Bedroom 1, Bedroom 16
- Interior features
- Ceiling Fan(s), Smoke Detector
- Basement
- Other
- Appliances
- Dishwasher, Oven/Range
- Standard status
- Pending
- 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
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 11
- Flooring type
- Vinyl
- Roof type
- Metal, Flat
Listing Agency:
Selling North Georgia Realty
(706) 271-6549
Listed By:
Drew McAllister
(706) 271-6549
Added: Feb 16
Changed: Jul 12
Last Checked: Jul 27 at 3:06AM
MLS# 133897
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 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.
Key Highlights
- 11 income‑producing multifamily units on 2.02 acres on South Dixie Highway
- All units extensively remodeled in 2024–2025, plus updated roofing on the houses (2022) and apartments (2024)
- Upgraded from septic to city sewer with a heavy‑duty pump station and new piping designed to support future expansion
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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: 11 income‑producing multifamily units on 2.02 acres on South Dixie Highway; All units extensively remodeled in 2024–2025, plus updated roofing on the houses (2022) and apartments (2024); Upgraded from septic to city sewer with a heavy‑duty pump station and new piping designed to support future expansion
