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Renovated Multifamily Property in Lakemont
For Sale
$499,000

228 Varnes Lane, Lakemont, GA 30552

MULTI_FAMILY - Lakemont, GA

Lot Size0.37 Acres
Days on Market681

Property Features for 228 Varnes Lane

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Driveway
Window features Double Pane Windows
Lot features Private
View City
Elementary school Rabun County
Middle school Rabun County
High school Rabun County
Directions PLEASE USE GPS
Standard status Active
APN 046B 005A
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 941

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

deck

Building Details

Year built 1962
Floors in Building 2
Number of units 3
Flooring type Carpet
Building materials HardiPlank Type
Roof type Metal
Listing Agency: Virtual Properties Realty.com
Listed By: Syed Firoz · License #419636
Added: Sep 20, 2024 Changed: Jul 28 Last Checked: Aug 1 at 10:06AM
MLS# 7459292

Copyright © 2026 First Multiple Listing Service, Inc. 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 renovated and upgraded multifamily property is located in Lakemont, Georgia, just off Highway 441 and minutes from Lake Rabun. The property features new flooring, a new deck, upgraded kitchens, new paint, and granite. It consists of three rented units and is zoned R3, offering potential for further development on its 0.37-acre lot. This property presents a great opportunity for owner-occupancy or investment.

Key Highlights

  • Three rented units providing immediate rental income.
  • Totally renovated and upgraded with new flooring, deck, kitchens, paint, and granite.
  • Convenient location near Highway 441 and Lake Rabun.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Storage Facility Catering Service Skin Care Clinic Big Box & Wholesale Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby

Demographics for 30552, GA

1,717
Population
1,686
Households
1
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
55.7 sq mi
ZIP Area
31
Density / Sq Mi
$58,417
Median Household Income
$41,141
Median Earnings
$1,139
Median Rent
$282,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Upgraded triplex in Lakemont, Georgia, near Lake Rabun.
Where is this triplex located?
The property is located at 228 Varnes Lane Lakemont, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three rented units providing immediate rental income.; Totally renovated and upgraded with new flooring, deck, kitchens, paint, and granite.; Convenient location near Highway 441 and Lake Rabun.
More about this property
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