Two-Home Multifamily
For Sale
$360,000
202 Jordan St, Tunnel Hill, GA 30755
Two separate residences offer flexible living arrangements, with updated bathrooms and a bonus room in the main home.
Property Size2,484 SF
Price / SF$144.93
Days on Market23
Property Features for 202 Jordan St
General Information
Standard status
Active
Size
2,484 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BD/2BA, 1 x 2BD/1BA
Multifamily Units
2
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Keller Williams Heritage
Listed By:
Mandy Blankenship 7064593107 · License #282824
(706) 264-1212
Source:
Searchchattanoogahomesnow
Added: Aug 17
Changed: Sep 7
Last Checked: Sep 8 at 9:03AM
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 Heritage
Investment Insights
Based on property information with market context.
This multifamily property includes two separate residences on one parcel. The primary home measures approximately 1,684 square feet with 2BD/2BA, hardwood floors, fresh paint, updated bathrooms, and a bonus room that could be converted into a third bedroom. A second residence at the rear provides approximately 800 square feet with 2BD/1BA.
Built in 1965, the property is located at 202 Jordan St in Tunnel Hill, Georgia. The separate layout supports multiple household configurations, including use of the rear home for extended family, guests, or a separate rental arrangement. Together, the residences provide 2,484 square feet of property size and distinct living spaces.
Built in 1965, the property is located at 202 Jordan St in Tunnel Hill, Georgia. The separate layout supports multiple household configurations, including use of the rear home for extended family, guests, or a separate rental arrangement. Together, the residences provide 2,484 square feet of property size and distinct living spaces.
Key Highlights
- Two residences on one property
- Primary home: approx 1684 sf with 2BD/2BA
- Rear home: approx 800 sf with 2BD/1BA
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
$15,107
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
4.20%
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%
$302,140
$302.1K
Cap Rate 7%
$215,814
$215.8K
Cap Rate 9%
$167,856
$167.9K
Market Conditions
NOI Build-Up for 2,484 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
$28.9K $11.64/SF
− Vacancy
−$1.4K −$0.58/SF
EGI
$27.5K $11.06/SF
− OpEx
−$12.4K −$4.98/SF
NOI
$15.1K $6.08/SF
Area
Whitfield County, GA
Vacancy
5.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$302,140
Cap Rate 7%
$215,814
Cap Rate 9%
$167,856
Alternative Uses
Best Use
Apartment 5plus
$215.8K
$188.8K – $251.8K
NOI $15,107 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.7K
$347.1K – $462.8K
NOI $27,767 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 30755, GA
9,930
Population
4,080
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
83%
High-School Grad
36.8 sq mi
ZIP Area
270
Density / Sq Mi
$70,433
Median Household Income
$40,741
Median Earnings
$799
Median Rent
$184,800
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?
Multifamily property - Two separate residences offer flexible living arrangements, with updated bathrooms and a bonus room in the main home.
Where is this multifamily property located?
The property is located at 202 Jordan St Tunnel Hill, GA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two residences on one property; Primary home: approx 1684 sf with 2BD/2BA; Rear home: approx 800 sf with 2BD/1BA
