Renovated Duplex
For Sale
$296,500
Pending
312 Mill Trace, Dalton, GA 30721
Residential Income, DALTON, GA
Property Size1,968 SF
Lot Size0.69 Acres
Days on Market97
Property Features for 312 Mill Trace
General Information
Property type
Residential Multi Family
Property subtype
Condominium
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4
Window features
Window Treatments
Interior features
Ceiling Fan(s), Laundry-Other, Water Heater-Electric
Basement
Crawl Space
Appliances
Dishwasher, Oven/Range, Refrigerator
Elementary school
Pleasant Grove
Middle school
New Hope
High school
Northwest
Elementary school district
06
Middle school district
06
High school district
06
Subdivision
3-Whitfield Co-NW
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
(706) 517-4333
Listed By:
Gail Stanley · License #141311
(706) 217-8943
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 7 at 11:06AM
MLS# 135761
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 1,968-square-foot duplex on 0.69 acres contains two matching units, each with 2 bedrooms and 2 full bathrooms. Both units were renovated within the last four years and include ceramic tile and carpet flooring, central heating and cooling, ceiling fans, electric water heaters, and separate laundry areas. Kitchens are equipped with dishwashers, oven/ranges, and refrigerators.
Built in 1990, the property is located at 312 Mill Trace in Dalton, Georgia, within the Haig Mill / Mill Trace area. The setting is away from the main roads while remaining near local conveniences. Public water and a septic tank serve the property, and the roof is composition shingle.
Built in 1990, the property is located at 312 Mill Trace in Dalton, Georgia, within the Haig Mill / Mill Trace area. The setting is away from the main roads while remaining near local conveniences. Public water and a septic tank serve the property, and the roof is composition shingle.
Key Highlights
- Two‑unit duplex with 1,968 SF of total property size
- Each unit includes 2 bedrooms and 2 full bathrooms
- Both sides renovated in the last four years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,279
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,580
$265.6K
Cap Rate 7%
$189,700
$189.7K
Cap Rate 9%
$147,544
$147.5K
Market Conditions
NOI Build-Up for 1,968 SF
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.
Gross rent
$20.1K $10.20/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$19.0K $9.64/SF
− OpEx
−$5.7K −$2.89/SF
NOI
$13.3K $6.75/SF
Area
Whitfield County, GA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,580
Cap Rate 7%
$189,700
Cap Rate 9%
$147,544
Alternative Uses
Best Use
Multifamily LT 5
$189.7K
$166.0K – $221.3K
NOI $13,279 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$171.0K
$149.6K – $199.5K
NOI $11,969 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$314.3K
$275.0K – $366.7K
NOI $21,999 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 30721, GA
53,432
Population
19,866
Households
2.7
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
126.8 sq mi
ZIP Area
421
Density / Sq Mi
$57,749
Median Household Income
$33,029
Median Earnings
$898
Median Rent
$172,500
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?
Duplex - Two matching residential units offer updated interiors, private laundry areas, central HVAC, and everyday kitchen appliances.
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: Two‑unit duplex with 1,968 SF of total property size; Each unit includes 2 bedrooms and 2 full bathrooms; Both sides renovated in the last four years
