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Four-Unit Multifamily Property
For Sale
$1,499,900

2451 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 2451 NW Old Thompson Bridge Road

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 21
Subdivision Hidden Cove
Elementary school Enota
Middle school Gainesville East
High school Gainesville
Directions From Downtown Gainesville, take Jesse Jewell Pkwy NW to Thompson Bridge Rd. Turn right onto Thompson Bridge Rd and continue approximately 2.5 miles. Turn left onto Old Thompson Bridge Rd NW. Properties are located at 2451, 2447, 2443, and 2539 NW Old Thompson Bridge Rd.
Standard status Active
APN 01097A000026
Lot size 0.01 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3866
HOA Fee $2,160 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 9
Building materials Concrete
Listing Agency: eXp Realty
Listed By: Cindy Laduke · License #386153
Added: Mar 20 Changed: Aug 30 Last Checked: Sep 13 at 8:06PM
MLS# 10714666

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 multifamily offering combines four completed condominium residences with five additional basement slab sites intended for further development. The completed units total approximately 5,760 square feet, with each residence measuring approximately 1,440 square feet and containing three bedrooms and 3.5 bathrooms. All four units are occupied and feature concrete construction, central heating and central air. Public water and public sewer serve the property.

The residences include lake views and are within walking distance of Holly Park and Lake Lanier access. Downtown Gainesville, shopping, dining, medical facilities, and major employment centers are also identified as convenient destinations. The additional sites have utilities in place or stubbed, with civil engineering plans and development documentation available for review and verification. The property is located in Gainesville, Georgia, in Hall County.

Key Highlights

  • 4 completed condominium units with 100% occupancy
  • Approximately 5,760 total SF; each residence is approximately 1,440 SF
  • Each unit includes 3 bedrooms and 3.5 bathrooms

Property Analytics

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Current Use

1031 exchange properties

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
Yes
Utilities to site

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?
Multifamily property - Income-producing condominium residences include five additional slab-ready development sites with utilities in place or stubbed.
Where is this multifamily property located?
The property is located at 2451 NW Old Thompson Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: 4 completed condominium units with 100% occupancy; Approximately 5,760 total SF; each residence is approximately 1,440 SF; Each unit includes 3 bedrooms and 3.5 bathrooms
More about this property
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