Two-Home Residential Income
105 N Varnell Rd Tunnel Hill, GA 30755
New
For Sale
$399,900
MULTI_FAMILY - Tunnel Hill, GA
Property Size2,280 SF
Lot Size0.47 Acres
Price / SF$175.39
Days on Market3
Property Features for 105 N Varnell Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bonus Room, Laundry Room, Bedroom 4, Bedroom 2
- Window features
- Window Treatments
- Patio and Porch features
- Patio, Porch
- Interior features
- Ceiling Fan(s), Laundry Room, Laundry-Closet, Walk-in Closet(s), Water Heater-Electric
- Exterior features
- Fence-At Side(s), Fence-In Back, Fence-In Front, Patio, Porch-Covered, Porch-Screened
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, Oven/Range, Refrigerator, Vent Hood
- Standard status
- Active
- APN
- 12-038-06-104
- Size
- 2,280 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- For more information on how to schedule an appointment, contact either of the co-listing agents!
Utilities
- Sewer type
- Septic Tank
- Heating system
- See Remarks (Heating), Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Carpet
- Roof type
- Composition, Metal
Listing Agency:
Paniagua Real Estate
(706) 226-4445
Listed By:
Jezel Loza
(706) 934-8998
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 26 at 5:06PM
MLS# 136074
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 residential income property consists of two separate homes on one parcel, functioning as a flexible duplex-style setup with independent privacy. The main home offers 1,360 square feet and includes 2 bedrooms and 1 full bath, and the second home provides 960 square feet with 2 bedrooms and 1 full bath. Kitchen appliances are included, and each home has its own private driveway.
The property is located at 105 N Varnell Rd in Tunnel Hill, GA, in a quiet neighborhood setting. Nearby are a park, a church, and a fire station, with City Hall just across the street.
With two complete residences on one lot, the configuration supports a simple split of living and rental use, or accommodating extended family and guests while maintaining separation between the homes.
The property is located at 105 N Varnell Rd in Tunnel Hill, GA, in a quiet neighborhood setting. Nearby are a park, a church, and a fire station, with City Hall just across the street.
With two complete residences on one lot, the configuration supports a simple split of living and rental use, or accommodating extended family and guests while maintaining separation between the homes.
Key Highlights
- Two separate homes on one parcel at 105 N. Varnell Rd., Tunnel Hill, GA
- Main home: 1,360 SF with 2 bedrooms and 1 full bath; second home: 960 SF with 2 bedrooms and 1 full bath
- Each home includes kitchen appliances (dishwasher, oven/range, refrigerator, vent hood) and has its own private driveway
Financial Insights For Multifamily LT 5
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 | $23.3k | $10.20 |
| − Vacancy | −$1.3k | −$0.56 |
| EGI | $22.0k | $9.64 |
| − OpEx | −$6.6k | −$2.89 |
| NOI | $15.4k | $6.75 |
2,280 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.3K – $256.4K
NOI $15,384 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$198.1K
$173.3K – $231.1K
NOI $13,867 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$364.1K
$318.6K – $424.8K
NOI $25,486 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate homes on one parcel, each with 2 bedrooms, 1 full bath, and a private driveway.
Where is this duplex located?
The property is located at 105 N Varnell Rd Tunnel Hill, GA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two separate homes on one parcel at 105 N. Varnell Rd., Tunnel Hill, GA; Main home: 1,360 SF with 2 bedrooms and 1 full bath; second home: 960 SF with 2 bedrooms and 1 full bath; Each home includes kitchen appliances (dishwasher, oven/range, refrigerator, vent hood) and has its own private driveway
