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
- Parking Lot
- 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
6100 Lake Forrest Dr Suite 120, Atlanta, GA
Listed by
Lou Wieland
(404) 236-0043
Added: Jul 10 Checked: Jul 17 at 12:06 pm
MLS# 7802851
Listing URL
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.
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 2000 and is configured as a single-building layout. The building is fully occupied, and current tenants pay $1,150 per month. A management company is available to continue operations.
The property is located at 1104 Penrose Drive in Dalton, Georgia, on a 20,152-square-foot site zoned C-1.
With four residential units within one compact site, the asset offers a straightforward multifamily structure for an owner looking for a manageable unit count and clearly defined parcel.
The property is located at 1104 Penrose Drive in Dalton, Georgia, on a 20,152-square-foot site zoned C-1.
With four residential units within one compact site, the asset offers a straightforward multifamily structure for an owner looking for a manageable unit count and clearly defined parcel.
Key Highlights
- 4‑unit multifamily property totaling 3,072 SF at 1104 Penrose Drive in Dalton, GA
- Year built 2000; vinyl siding and composition roof
- All units currently leased; tenants pay $1,150 per month
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 - Four-unit multifamily property built in 2000 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 totaling 3,072 SF at 1104 Penrose Drive in Dalton, GA; Year built 2000; vinyl siding and composition roof; All units currently leased; tenants pay $1,150 per month
