Modern Lake-View
2447 NW Old Thompson Bridge Road Gainesville, GA 30501
2447 NW Old Thompson Bridge Road, Gainesville, GA, 30501
$1,249,900
For Sale
$1,249,900
MULTI_FAMILY - Gainesville, GA
Property Size5,760 SF
Lot Size0.01 Acres
Price / SF$216
Days on Market120
Property Features for 2447 NW Old Thompson Bridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Rooms
- Basement
- Parking
- 8
- Standard status
- Active
- APN
- 01097A000027
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3866
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 3
- Number of units
- 4
- Building materials
- Block
Listing Agency
eXp Realty
(888) 959-9461
1372 Peachtree St NE, Atlanta, GA
Listed by
Cindy Laduke
(678) 650-1425
Added: Mar 20 Checked: Jul 17 at 8:06 pm
MLS# 10714727
Listing URL
Copyright © 2026 Georgia Multiple Listing Service. 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 for-sale quadplex offers four fully completed condominium units, all currently 100% occupied. The property was built in 2023 and is presented as Class A condominium units. Each unit is described as approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms, with functional floorplans designed for low-maintenance ownership.
According to the current rent roll, income is approximately $90,600 annually (about $7,550 per month), with an estimated NOI of approximately $80,436. The provided estimate notes an estimated 6.24% cap rate at the current list price. Current unit rents are $2,000, $1,750, $1,800, and $2,000 per month. Leases include renewal provisions allowing for potential rent increases of up to 40%, subject to market conditions and buyer verification.
The property is on NW Old Thompson Bridge Road in Gainesville, within walking distance to Holly Park, and the units are described as offering lake views. The remarks also describe convenient access to Lake Lanier, local retail corridors, dining, medical facilities, and major employment centers.
According to the current rent roll, income is approximately $90,600 annually (about $7,550 per month), with an estimated NOI of approximately $80,436. The provided estimate notes an estimated 6.24% cap rate at the current list price. Current unit rents are $2,000, $1,750, $1,800, and $2,000 per month. Leases include renewal provisions allowing for potential rent increases of up to 40%, subject to market conditions and buyer verification.
The property is on NW Old Thompson Bridge Road in Gainesville, within walking distance to Holly Park, and the units are described as offering lake views. The remarks also describe convenient access to Lake Lanier, local retail corridors, dining, medical facilities, and major employment centers.
Key Highlights
- Income‑producing investment: 4 fully occupied Class A condominium units generating approximately $90,600 annually.
- Strong cash flow with growth potential: Estimated NOI of $80,436 and a 6.24% cap rate, with potential rent increases of up to 40% upon lease renewal.
- Modern construction and desirable features: Built in 2024, each unit offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.0k | $16.32 |
| − Vacancy | −$10.6k | −$1.84 |
| EGI | $83.4k | $14.48 |
| − OpEx | −$25.0k | −$4.34 |
| NOI | $58.4k | $10.13 |
5,760 SF · lease $16.32/SF/yr · vacancy 11.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$833.8K
$729.6K – $972.8K
NOI $58,367 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$655.5K
$573.6K – $764.7K
NOI $45,884 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,917 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 100% occupied, 2023-built condominium units generate approximately $90,600 in annual rent.
Where is this quadplex located?
The property is located at 2447 NW Old Thompson Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Income‑producing investment: 4 fully occupied Class A condominium units generating approximately $90,600 annually.; Strong cash flow with growth potential: Estimated NOI of $80,436 and a 6.24% cap rate, with potential rent increases of up to 40% upon lease renewal.; **Modern construction and desirable features:** Built in 2024, each unit offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms.
