Two-Home Duplex
New
For Sale
$360,000
202 Jordan Street, Tunnel Hill, GA 30755
Residential Income, Tunnel Hill, GA
Property Size2,484 SF
Lot Size0.77 Acres
Price / SF$144.93
Days on Market4
Property Features for 202 Jordan Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bonus Room, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2
Window features
Window Treatments
Patio and Porch features
Porch
Interior features
Laundry Room
Exterior features
Porch-Covered
Fireplace
1
Basement
Crawl Space
Appliances
Dishwasher, Range Top, Refrigerator, Vent Hood
Elementary school
Tunnel Hill
Middle school
Westside
High school
Northwest
Elementary school district
12
Middle school district
12
High school district
12
Subdivision
3-Whitfield Co-NW
Standard status
Active
APN
12-038-06-094
Size
2,484 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2552
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet
Roof type
Metal
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Mandy Blankenship · License #282824
(706) 264-1212
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 30 at 2:06AM
MLS# 136310
Copyright © 2026 Carpet Capital Association of REALTORS®. 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 duplex-style property includes two separate residences on a 0.77-acre lot. The primary home measures approximately 1,684 square feet with two bedrooms, two bathrooms, a bonus room, hardwood flooring, fresh paint, updated bathrooms, central heating and central air. A second residence at the rear adds approximately 800 square feet with two bedrooms and one bathroom. Together, the homes provide 2,484 square feet of residential space.
Located at 202 Jordan Street in Tunnel Hill, Georgia, the property was built in 1965 and includes a covered porch, laundry room, metal roof, fireplace, dishwasher, range top, refrigerator, and vent hood. Public water and a septic tank serve the property. The separate layout supports a range of living arrangements, including occupying one home while renting or using the other for extended household needs.
Located at 202 Jordan Street in Tunnel Hill, Georgia, the property was built in 1965 and includes a covered porch, laundry room, metal roof, fireplace, dishwasher, range top, refrigerator, and vent hood. Public water and a septic tank serve the property. The separate layout supports a range of living arrangements, including occupying one home while renting or using the other for extended household needs.
Key Highlights
- Two separate homes totaling 2,484 SF on 0.77 acres
- Primary residence: approximately 1,684 sf with 2BD/2BA and bonus room
- Rear residence: approximately 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
$16,760
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
4.66%
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%
$335,200
$335.2K
Cap Rate 7%
$239,429
$239.4K
Cap Rate 9%
$186,222
$186.2K
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
$25.3K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$23.9K $9.64/SF
− OpEx
−$7.2K −$2.89/SF
NOI
$16.8K $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%
$335,200
Cap Rate 7%
$239,429
Cap Rate 9%
$186,222
Alternative Uses
Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K
NOI $16,760 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$215.8K
$188.8K – $251.8K
NOI $15,107 @ 7.0% cap · market cap 4.20%
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?
Duplex - Separate residences support owner occupancy, guest accommodations, or rental use within one residential property.
Where is this duplex located?
The property is located at 202 Jordan Street 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 separate homes totaling 2,484 SF on 0.77 acres; Primary residence: approximately 1,684 sf with 2BD/2BA and bonus room; Rear residence: approximately 800 sf with 2BD/1BA
