Lake Lanier Investment
2447 NW Old Thompson Bridge Road, Gainesville, GA 30501
MULTI_FAMILY - Gainesville, GA
Property size:
1,440 SFLot size:
0.01 AcresPrice / SF:
$895/SF- Added:
- Mar 20, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 2 at 4:06 pm
Property Features for 2447 NW Old Thompson Bridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Standard status
- Active
- APN
- 01097A000027
- Size
- 1,440 SF
- 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 agent Cindy Laduke (678) 650-1425
Listing office eXp Realty 1372 Peachtree St NE, Atlanta, GA (888) 959-9461
Listing date Mar 20, 2026
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.
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.
- Prime location near Lake Lanier: Minutes from the lake, retail, dining, medical facilities, and major employment centers.
- Lake views and proximity to Holly Park: Enhances tenant appeal and long‑term rental demand.
- Low‑maintenance ownership: Functional floorplans appealing to long‑term investors.
Overview
This Gainesville, GA multifamily property presents an income-producing investment opportunity near Lake Lanier. The property features four completed Class A condominium units, which are currently 100% occupied. The units generate an annual rental income of approximately $90,600, or $7,550 per month. The estimated net operating income is approximately $80,436, with an estimated 6.24% cap rate. Each unit, constructed in 2023, offers approximately 1,440 square feet of living space, including 3 bedrooms and 3.5 bathrooms. Leases include renewal provisions that allow for potential rent increases of up to 40%. The property is located within walking distance of Holly Park and offers lake views from the condominium units. The location provides convenient access to Lake Lanier, Gainesville retail areas, dining options, medical facilities, and major employment centers. This property offers a combination of stabilized income and future rent growth potential in a growing market.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.847344
- Latitude
- 34.335492
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Gainesville multifamily property with strong income and growth potential.
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 $1,290,000.
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.
