Four-Unit
For Sale
$560,000
1104 Penrose Drive, Dalton, GA 30720
Residential Income, Dalton, GA
Property Size3,072 SF
Lot Size0.27 Acres
Price / SF$182.29
Days on Market99
Property Features for 1104 Penrose Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Parking Lot
Lot features
Level
Elementary school
Westwood
Middle school
Dalton Jr.
High school
Dalton
Directions
Use GPS
Standard status
Active
APN
1218202015
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3560
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Chapman Hall Realtors
(404) 252-9500
Listed By:
Lou Wieland
(404) 441-0719
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 16 at 4:06AM
MLS# 7802851
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit residential property places all units within one building constructed in 2000. The improvements feature vinyl siding, composition roofing, natural gas heating, and a parking lot. Public water and public sewer serve the property, with water available as a listed utility.
The asset occupies a 20,152-square-foot site, equal to approximately 0.27 acres, at 1104 Penrose Drive in Dalton, Georgia. The parcel carries C-1 zoning. All four units are currently occupied, and a management company is available to continue overseeing the property.
The asset occupies a 20,152-square-foot site, equal to approximately 0.27 acres, at 1104 Penrose Drive in Dalton, Georgia. The parcel carries C-1 zoning. All four units are currently occupied, and a management company is available to continue overseeing the property.
Key Highlights
- Four residential units in one building
- Constructed in 2000
- 20,152‑square‑foot site totaling approximately 0.27 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,728
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,560
$414.6K
Cap Rate 7%
$296,114
$296.1K
Cap Rate 9%
$230,311
$230.3K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$31.3K $10.20/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$29.6K $9.64/SF
− OpEx
−$8.9K −$2.89/SF
NOI
$20.7K $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 Rate 5%
$414,560
Cap Rate 7%
$296,114
Cap Rate 9%
$230,311
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,728 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$266.9K
$233.6K – $311.4K
NOI $18,684 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$490.6K
$429.3K – $572.3K
NOI $34,340 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 30720, GA
27,547
Population
10,731
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
48.6 sq mi
ZIP Area
567
Density / Sq Mi
$65,620
Median Household Income
$38,014
Median Earnings
$965
Median Rent
$225,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Occupied rental property with public utilities, on-site parking, and a compact C-1-zoned parcel.
Where is this quadplex located?
The property is located at 1104 Penrose Drive Dalton, GA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Four residential units in one building; Constructed in 2000; 20,152‑square‑foot site totaling approximately 0.27 acres
