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Renovated Triplex

228 Varnes Lane, Lakemont, GA 30552

For Sale
$499,000

Residential Income, Lakemont, GA

Property SizeContact for details
Lot Size0.37 Acres
Days on Market783

Property Features for 228 Varnes Lane

General Information

Property type Residential Multi Family
Property subtype Triplex
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

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2023
Tax Description TRACT 3
Tax Annual Amount 941
Legal Description TRACT 3

Utilities

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

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 GA #419636
Added: Sep 20, 2024 Changed: Nov 4 Last Checked: Nov 11 at 2:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This 1962 triplex includes three rented units and has undergone extensive updates. Improvements include new flooring, decks, upgraded kitchens, interior paint, and granite countertops. Central heating, central air, ceiling fans, a metal roof, and driveway parking are also in place.

The property sits on 0.37 acres at 228 Varnes Lane in Lakemont, Georgia, near Highway 441 and minutes from Lake Rabun. It is currently zoned R3 and is connected to public water and public sewer, with cable service available. The source information also identifies room for additional development on the parcel.

Key Highlights

  • Three rented units in a triplex configuration
  • Renovations include new flooring, decks, upgraded kitchens, paint, and granite countertops
  • 0.37‑acre parcel zoned R3

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three leased units occupy a parcel served by public water and sewer.
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 in a triplex configuration; Renovations include new flooring, decks, upgraded kitchens, paint, and granite countertops; 0.37‑acre parcel zoned R3
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