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Four-Unit Condominium Quadplex
For Sale
$1,149,900

2447 NW Old Thompson Bridge Road, Gainesville, GA 30501

Residential Income, Gainesville, GA

Property SizeContact for details
Lot Size0.01 Acres
Days on Market178

Property Features for 2447 NW Old Thompson Bridge Road

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Parking 8
Subdivision Hidden Cove
Elementary school Enota
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
HOA Fee $8,640 Annually

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
Listed By: Cindy Laduke · License #386153
Added: Mar 20 Changed: Sep 9 Last Checked: Sep 13 at 10:06PM
MLS# 10714727

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 four-unit condominium quadplex contains fully completed residences, each measuring approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms. The 2024 property has block construction, central heating, central air, public water, and public sewer. All four units are currently occupied, and lease renewal provisions allow potential rent increases of up to 40%, subject to market conditions and buyer verification.

The property is located at 2447 NW Old Thompson Bridge Road in Gainesville, Georgia, within walking distance of Holly Park and minutes from Lake Lanier. The condominium units offer lake views, while nearby retail, dining, medical facilities, and major employment centers provide additional surrounding amenities. The property is in Hall County and carries a Gainesville 30501 mailing address.

Key Highlights

  • Four fully completed condominium units, all currently occupied
  • Each residence offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms
  • Lease renewals allow potential rent increases of up to 40%, subject to market conditions and buyer verification

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Hair Salon Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) 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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby

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
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied condominium units offer three-bedroom layouts, lake views, and central heating and cooling.
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 $1,149,900.
What are key features of this property?
This property features: Four fully completed condominium units, all currently occupied; Each residence offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms; Lease renewals allow potential rent increases of up to 40%, subject to market conditions and buyer verification
More about this property
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