C-3 Zoned Multifamily
For Sale
$850,000
209 Hagen, Dalton, GA 30721
Four-unit quadplex in C-3 zoning, offered as-is and not move-in ready due to extensive needed repairs.
Property Size1,960 SF
Price / SF$137.45
Days on Market45
Property Features for 209 Hagen
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Other
Amenities
0.34 acres, City Lot, Corner Lot
Public Sewer
Annual Amount: $1,500, Year: 2023
Cumulative Days on Market: 39, 39 days on market, On Market Date: 2026-07-18
Paved
Built in 1960, Vinyl Siding
County: Whitfield
Fixer
Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,960 SF
Year Built
1960
Listing Agency:
eXp Commercial
(706) 980-3884
Listed By:
Andrea Nicole · License #363067
(706) 980-3884
Source:
Blackstreaminternational
Added: Jul 18
Changed: Aug 28
Last Checked: Aug 30 at 4:45PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This C-3 commercially zoned property is a four-unit quadplex offered for sale in as-is condition. The building is not move-in ready and is in need of significant repairs and renovations, with buyers encouraged to conduct thorough inspections regarding deferred maintenance and overall condition.
The property is located in-town and is presented as a redevelopment and value-add opportunity under its C-3 zoning. The seller notes that buyers should verify all information important to their plans, including zoning, square footage, and permitted uses, as the property’s condition may impact any intended use.
The asset includes approximately 6,184 square feet and contains four apartment units. Showing access is subject to caution due to the reported need for extensive repairs.
The property is located in-town and is presented as a redevelopment and value-add opportunity under its C-3 zoning. The seller notes that buyers should verify all information important to their plans, including zoning, square footage, and permitted uses, as the property’s condition may impact any intended use.
The asset includes approximately 6,184 square feet and contains four apartment units. Showing access is subject to caution due to the reported need for extensive repairs.
Key Highlights
- C‑3 commercially zoned property in the City of Dalton with four apartment units
- Approximately 6,184 SF total building area
- Offered as‑is and not move‑in ready due to extensive repairs and significant renovations needed
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
$41,725
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
4.91%
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%
$834,500
$834.5K
Cap Rate 7%
$596,071
$596.1K
Cap Rate 9%
$463,611
$463.6K
Market Conditions
NOI Build-Up for 6,184 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
$63.1K $10.20/SF
− Vacancy
−$3.5K −$0.56/SF
EGI
$59.6K $9.64/SF
− OpEx
−$17.9K −$2.89/SF
NOI
$41.7K $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%
$834,500
Cap Rate 7%
$596,071
Cap Rate 9%
$463,611
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.4K
NOI $41,725 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$537.3K
$470.1K – $626.8K
NOI $37,610 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$987.5K
$864.1K – $1.15M
NOI $69,126 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 30721, GA
53,432
Population
19,866
Households
2.7
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
126.8 sq mi
ZIP Area
421
Density / Sq Mi
$57,749
Median Household Income
$33,029
Median Earnings
$898
Median Rent
$172,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex in C-3 zoning, offered as-is and not move-in ready due to extensive needed repairs.
Where is this quadplex located?
The property is located at 209 Hagen Dalton, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: C‑3 commercially zoned property in the City of Dalton with four apartment units; Approximately 6,184 SF total building area; Offered as‑is and not move‑in ready due to extensive repairs and significant renovations needed
