Four-Unit Multifamily
1104 Penrose Drive Dalton, GA 30720
1104 Penrose Drive, Dalton, GA, 30720
$560,000
For Sale
$560,000
MULTI_FAMILY - Dalton, GA
Property Size3,072 SF
Lot Size0.27 Acres
Price / SF$182.29
Days on Market8
Property Features for 1104 Penrose Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 1218202015
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3560
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
Listing Agency
Chapman Hall Realtors
(404) 252-9500
6100 Lake Forrest Drive, Suite 120, Atlanta, GA
Listed by
Lou Wieland
(404) 441-0719
Added: Jul 10 Checked: Jul 17 at 12:06 pm
MLS# 10803065
Listing URL
Copyright © 2026 Georgia Multiple Listing Service. 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.
Beautiful multifamily building containing four residential units within a single-building layout. Built in 2000, the property is currently fully occupied, with tenants paying $1,150 per month. The offering includes 3,072 square feet of multifamily space on a 20,152-square-foot site.
Located at 1104 Penrose Drive in Dalton, Georgia, the property sits on a compact 0.27-acre parcel zoned C-1. A management company is available to continue managing the asset.
This small-format, four-unit configuration provides a straightforward operating setup for an investor seeking a manageable unit count in a commercial zoning designation.
Located at 1104 Penrose Drive in Dalton, Georgia, the property sits on a compact 0.27-acre parcel zoned C-1. A management company is available to continue managing the asset.
This small-format, four-unit configuration provides a straightforward operating setup for an investor seeking a manageable unit count in a commercial zoning designation.
Key Highlights
- 4‑unit multifamily property at 1104 Penrose Drive, Dalton, GA (3,072 SF) on a 20,152 SF (0.27‑acre) site
- Built in 2000 with vinyl siding and natural gas heating
- Public water and public sewer service
Local 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 | $31.3k | $10.20 |
| − Vacancy | −$1.7k | −$0.56 |
| EGI | $29.6k | $9.64 |
| − OpEx | −$8.9k | −$2.89 |
| NOI | $20.7k | $6.75 |
3,072 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Single four-unit multifamily building on a 20,152-square-foot site, zoned C-1.
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: 4‑unit multifamily property at 1104 Penrose Drive, Dalton, GA (3,072 SF) on a 20,152 SF (0.27‑acre) site; Built in 2000 with vinyl siding and natural gas heating; Public water and public sewer service
