Class A Condominium
For Sale
$1,199,999
2447 NW Old Thompson Bridge Road, Gainesville, GA 30501
MULTI_FAMILY - Gainesville, GA
Lot Size0.01 Acres
Days on Market133
Property Features for 2447 NW Old Thompson Bridge Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Parking Lot
Window features
Double Pane Windows
Subdivision
Hidden Cove
Lot features
Wooded
View
Lake
Elementary school
Enota Multiple Intelligences Academy
Middle school
Gainesville East
High school
Gainesville
Directions
From Downtown Gainesville, take Jesse Jewell Pkwy (US-129) toward Old Thompson Bridge Rd. Turn onto Old Thompson Bridge Rd (GA-60) and continue north. Property will be on the right near Hidden Cove Ct. Use GPS: 2439, 2443, 2447, 2451 Old Thompson Bridge Rd, Gainesville, GA 30501
Standard status
Active
APN
01097A000027
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3866
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Lake Front
Water front
1
Building Details
Year built
2024
Floors in Building
3
Flooring type
Hardwood
Building materials
Block, HardiPlank Type
Roof type
Composition
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Cindy LaDuke
(888) 959-9461
Added: Mar 20
Changed: Jul 20
Last Checked: Jul 30 at 12:06PM
MLS# 7738667
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 Class A condominium quadplex offers four fully completed, 100% occupied units, built in 2023. Each unit provides an approximately 1,440-square-foot layout with 3 bedrooms and 3.5 bathrooms, designed for functional living space and low-maintenance ownership. Current collected rent is approximately $90,600 annually ($7,550/month) based on the existing rent roll, with individual monthly rents listed at $2,000, $1,750, $1,800, and $2,000. The seller-reported estimated NOI is approximately $80,436, with an estimated 6.24% cap rate at the current list price. Leases include renewal provisions that may allow for potential rent increases of up to 40%, subject to tenant renewal and buyer verification.
Located at 2447 NW Old Thompson Bridge Road in Gainesville, the property is within walking distance to Holly Park and offers lake views from the condominium units. The location is described as minutes from Lake Lanier as well as nearby Gainesville retail corridors, dining, medical facilities, and major employment centers.
The asset combines stabilized in-place occupancy with lease-based renewal provisions, within a recently constructed four-unit condominium configuration.
Located at 2447 NW Old Thompson Bridge Road in Gainesville, the property is within walking distance to Holly Park and offers lake views from the condominium units. The location is described as minutes from Lake Lanier as well as nearby Gainesville retail corridors, dining, medical facilities, and major employment centers.
The asset combines stabilized in-place occupancy with lease-based renewal provisions, within a recently constructed four-unit condominium configuration.
Key Highlights
- Lake Lanier lakefront condominium investment with 4 fully completed units, 100% occupied
- Current rental income approx. $90,600/yr ($7,550/mo) with estimated NOI approx. $80,436 and estimated 6.24% cap rate at $1,290,000
- Unit rents: $2,000, $1,750, $1,800, and $2,000 per month; each lease includes renewal provisions for potential rent increases up to 40%
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied Class A condominium units built in 2023, each with 3 bedrooms and 3.5 baths.
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 $1,199,999.
What are key features of this property?
This property features: Lake Lanier lakefront condominium investment with 4 fully completed units, 100% occupied; Current rental income approx. $90,600/yr ($7,550/mo) with estimated NOI approx. $80,436 and estimated 6.24% cap rate at $1,290,000; Unit rents: $2,000, $1,750, $1,800, and $2,000 per month; each lease includes renewal provisions for potential rent increases up to 40%
