Spacious Two-Unit
For Sale
$450,000
1418 Walston Ave, Dalton, GA
One residence includes updated flooring, paint, and appliances, while the other is occupied under an existing lease.
Property Size4,404 SF
Price / SF$102.18
Days on Market26
Property Features for 1418 Walston Ave
General Information
Standard status
Active
Size
4,404 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,100
Listing Agency:
Keller Williams Realty
(541) 508-9400
Listed By:
Isaac Hall
(541) 508-9400
Source:
Exprealty
Added: Jul 16
Changed: Aug 7
Last Checked: Aug 9 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex contains two generously sized residences, each with 4 bedrooms and 2 full bathrooms. Combined living space is approximately 4,400 square feet, providing substantially larger floor plans than many rental properties. One unit has been refreshed with new flooring, interior paint, and appliances and is ready for occupancy or leasing. The second unit is currently leased, creating an existing rental arrangement for the property.
The property is located at 1418 Walston Ave in Dalton, GA, just down the road from Hamilton Medical Center. Its two-unit configuration supports separate residential living spaces within one investment property, with features suited to both rental operation and owner occupancy.
The property is located at 1418 Walston Ave in Dalton, GA, just down the road from Hamilton Medical Center. Its two-unit configuration supports separate residential living spaces within one investment property, with features suited to both rental operation and owner occupancy.
Key Highlights
- Two‑unit duplex with approximately 4,400 square feet of combined living space
- Each unit includes 4 bedrooms and 2 full bathrooms
- One unit has new flooring, fresh paint, and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,300
$594.3K
Cap Rate 7%
$424,500
$424.5K
Cap Rate 9%
$330,167
$330.2K
Market Conditions
NOI Build-Up for 4,404 SF
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.
Gross rent
$44.9K $10.20/SF
− Vacancy
−$2.5K −$0.56/SF
EGI
$42.5K $9.64/SF
− OpEx
−$12.7K −$2.89/SF
NOI
$29.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,300
Cap Rate 7%
$424,500
Cap Rate 9%
$330,167
Alternative Uses
Best Use
Multifamily LT 5
$424.5K
$371.4K – $495.3K
NOI $29,715 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$382.6K
$334.8K – $446.4K
NOI $26,785 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$703.3K
$615.4K – $820.5K
NOI $49,229 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence includes updated flooring, paint, and appliances, while the other is occupied under an existing lease.
Where is this duplex located?
The property is located at 1418 Walston Ave Dalton, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 4,400 square feet of combined living space; Each unit includes 4 bedrooms and 2 full bathrooms; One unit has new flooring, fresh paint, and new appliances
