Spacious Four-Bedroom
For Sale
$450,000
1418 Walston St, Dalton, GA 30720
Two full bathrooms serve each unit, while one side includes refreshed finishes and new appliances.
Property Size4,404 SF
Price / SF$102.18
Days on Market41
Property Features for 1418 Walston St
General Information
Standard status
Active
Size
4,404 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1981
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
(541) 508-9400
Listed By:
Isaac Hall
Source:
Shearonsellsteam
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:19PM
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 Greater Downtown Realty dba Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1981-built duplex contains 4,404 square feet of living area across two generously sized residences. Each unit includes four bedrooms and two full bathrooms, providing a substantial floor plan for occupants. One residence is leased, while the other has been refreshed with new flooring, interior paint, and new appliances and is ready for occupancy or leasing.
The property is located at 1418 Walston St in Dalton, Georgia, near Hamilton Medical Center. Its two-unit configuration supports both continued rental use and an owner-occupant arrangement, with one residence available for personal use and the other producing rental income.
The property is located at 1418 Walston St in Dalton, Georgia, near Hamilton Medical Center. Its two-unit configuration supports both continued rental use and an owner-occupant arrangement, with one residence available for personal use and the other producing rental income.
Key Highlights
- Two‑unit duplex with 4,404 square feet of living area
- Each unit includes 4 bedrooms and 2 full bathrooms
- One unit is currently leased
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
1,105
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
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 - Two full bathrooms serve each unit, while one side includes refreshed finishes and new appliances.
Where is this duplex located?
The property is located at 1418 Walston St 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 4,404 square feet of living area; Each unit includes 4 bedrooms and 2 full bathrooms; One unit is currently leased
