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Two-Unit Duplex Income Property

312 Mill Trace Dalton, GA 30721

312 Mill Trace, Dalton, GA, 30721
$296,500
Pending
For Sale
$296,500
Pending

MULTI_FAMILY - DALTON, GA

Property Size1,968 SF
Lot Size0.69 Acres
Days on Market46

Property Features for 312 Mill Trace

General Information

Property type
Residential Multi Family
Property subtype
Condominium
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Laundry Room, Bedroom 4, Bedroom 2
Window features
Window Treatments
Interior features
Ceiling Fan(s), Laundry-Other, Water Heater-Electric
Basement
Crawl Space
Appliances
Dishwasher, Oven/Range, Refrigerator
Standard status
Pending
APN
12-087-11-001
Size
1,968 SF
Lot size
0.69 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2202

Utilities

Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1990
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Roof type
Composition
Additional Structures
Other
Listing Agency Peach Realty, Inc
224 W Cuyler Street, Chatsworth, GA
Listed by Gail Stanley · License #141311
Added: Jun 3 Checked: Jul 18 at 2:06 am
MLS# 135761 Listing URL

Copyright © 2026 Carpet Capital Association of REALTORS®. 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 well-kept duplex contains two identical units. Each unit is laid out with 2 bedrooms and 2 full bathrooms, creating a consistent plan across both sides of the property. The configuration makes it easy to manage as a residential income asset within a single duplex structure.

The property is located at 312 Mill Trace in Dalton, Georgia, within the Haig Mill / Mill Trace area of Whitfield County. Public remarks indicate the duplex is tucked away from busy main roads, positioned to provide tenants a more private setting while still remaining minutes from local conveniences.

For buyers looking for a duplex-style residential income property, the two-unit structure and repeat unit design can simplify leasing and ongoing operations. The property is a fit for first-time investors or anyone expanding a small rental portfolio, with the straightforward bedroom and bathroom mix supporting a broad range of tenant needs. All details should be verified during due diligence, including unit condition, systems, and any income or expense considerations.

Key Highlights

  • Duplex built in 1990 with two identical units, each featuring 2 bedrooms and 2 full baths
  • Each unit includes central heating, central air, and an electric water heater
  • Appliances include dishwasher, oven/range, and refrigerator

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 $20.1k $10.20
− Vacancy −$1.1k −$0.56
EGI $19.0k $9.64
− OpEx −$5.7k −$2.89
NOI $13.3k $6.75
1,968 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$189.7K
$166.0K – $221.3K (±1% cap)
NOI $13,279 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$171.0K
$149.6K – $199.5K (±1% cap)
NOI $11,969 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$314.3K
$275.0K – $366.7K (±1% cap)
NOI $21,999 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Restaurant Law Firm Auto Repair Shop Big Box & Wholesale Store Electrical Service Skin Care Clinic Gym & Fitness Center Spa & Massage Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two identical units with 2 bedrooms and 2 full baths each, offering a straightforward residential income setup.
Where is this duplex located?
The property is located at 312 Mill Trace Dalton, GA.
What is the asking price?
The asking price for this property is $296,500.
What are key features of this property?
This property features: Duplex built in 1990 with two identical units, each featuring 2 bedrooms and 2 full baths; Each unit includes central heating, central air, and an electric water heater; Appliances include dishwasher, oven/range, and refrigerator
Contact an agent
More about this property
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