Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 Henderson Bend Road NW Calhoun, GA 30701

    View on Map
    Claim this Listing
    For Sale
    $240,000

    MULTI_FAMILY - Calhoun, GA

    Lot size:
    0.18 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 25 at 5:06 pm

    Property Features for 232 Henderson Bend Road NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Parking features
    Driveway, Garage
    Window features
    Shutters
    Standard status
    Active
    APN
    C42B 191
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1445

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    SAHVANNAH MILLER

    Listing agent SAHVANNAH MILLER

    Listing office ERA Sunrise Realty 157 Reinhardt College Parkway Suite 500, Canton, GA

    Listing date Apr 16, 2026

    MLS# 7759501 Listing URL

    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.

    Overview

    Calhoun Duplex: Investor Opportunity

    This duplex in Calhoun, Georgia, presents an investor opportunity with strong income potential. The property features two separate units, each containing 2 bedrooms and 1 bathroom. Each unit offers a functional layout suitable for rental purposes, including comfortable living spaces, a practical kitchen setup, and spacious bedrooms. The property's layout provides flexibility for investors looking to expand their rental portfolio or for owner-occupants who wish to lease one unit while residing in the other. Its location is just minutes from town conveniences, schools, and major commuter routes, making it attractive to tenants. The property is situated on a 0.18-acre lot. This duplex is located in a growing North Georgia market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calhoun
    County
    Gordon
    State
    Georgia
    Longitude
    -84.940964
    Latitude
    34.536069

    Nearby Similar for Sale

    • $895,000
      3,850 SF

      Profitable Car Wash Business Opportunity

      Established car wash facility with expansion potential in Calhoun, Georgia.
      605 S Wall Street, Calhoun, GA 30701
      View Details
    • $795,000
      3,850 SF

      Turnkey Car Wash Investment Opportunity

      Premier car wash facility in Calhoun, GA, ready for immediate profitability.
      605 S Wall Street, Calhoun, GA 30701
      View Details
    • $339,995
      1,025 SF

      Highway 41 Commercial Opportunity

      Versatile commercial property with restaurant and warehouse space on Highway.
      1238 US 41 Highway N, Calhoun, GA 30701
      View Details
    • $549,900
      7,130 SF

      Calhoun Commercial Building Near I-75

      Multi-purpose commercial building with offices and expansion potential near I-75.
      1270 Dews Pond Road, Calhoun, GA 30701
      View Details
    • $339,995

      Highway 41 Commercial Opportunity

      Versatile commercial property with restaurant and warehouse space on Highway 41.
      1238 US 41 Highway N, Calhoun, GA 30701
      View Details
    • $480,000

      Calhoun MX: Racing, Training, Redevelopment

      12.58-acre Calhoun MX property suitable for racing, training, or redevelopment.
      335 Beamer Road, Calhoun, GA 30701
      View Details
    • $240,000

      Calhoun Duplex: Investor Opportunity

      Duplex in Calhoun, GA with strong income potential.
      232 Henderson Bend Road NW, Calhoun, GA 30701
      View Details
    • $240,000

      Calhoun Duplex: Investor Opportunity

      Duplex in Calhoun, GA with strong income potential.
      232 Henderson Bend Road NW, Calhoun, GA 30701
      View Details
    • $750,000
      6,860 SF

      Turnkey Retail Investment Opportunity

      Fully leased 6,860 Sqft retail building with reliable tenants.
      214 N River Street, Calhoun, GA 30701
      View Details
    • $725,000
      6,928 SF

      Commercial Building with Body Shop

      6928 SF commercial building suitable for various purposes.
      203 King S Street, Calhoun, GA 30701
      View Details
    • $839,510

      Commercial Property on Curtis Parkway

      Commercial property available on Curtis Parkway in Calhoun, Georgia.
      921 Curtis Parkway, tract 3, Calhoun, GA 30701
      View Details
    • $599,000

      Downtown Office Building For Sale

      Two-story office building in downtown location, suitable for professionals.
      417 Court St, Calhoun, GA, 30701-2109
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Calhoun, GA with strong income potential.
    Where is this duplex located?
    The property is located at 232 Henderson Bend Road NW Calhoun, GA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Strong income potential as a duplex with two separate 2‑bedroom, 1‑bathroom units; Excellent location near town conveniences, schools, and major commuter routes; Ideal for investors seeking a cash‑flowing asset in a growing North Georgia market
    (770) 720-1515
    We can help!
    Listing Contact
    SAHVANNAH MILLER
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!