Four-Unit Brick
For Sale
$765,000
3212 Highpoint Ct, Snellville, GA 30078
All four residences are leased and professionally managed within a three-sided brick building.
Property Size4,464 SF
Price / SF$171.37
Days on Market17
Property Features for 3212 Highpoint Ct
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Multi-Unit (2-4)
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
Lot Size Acres: 0.51
Asphalt Roof
Percentage of Tax that is Deductable: 0
Has Central AC: 1
Forced Air Heating
Sale, Sale Type: Foreclosure
8 Bedrooms
2 Stories, Built in 1983
Above Area Square Feet: 4464
4 Full Baths
Brick Siding
Building Details
Year Built
1983
Construction
three-sided brick
Listing Agency:
All Points Realty Group
(404) 620-4663
Listed By:
Candi McClamma · License #39801
(404) 620-4663
Source:
Doyle-realty
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 11 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All Points Realty Group
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Snellville contains 4,464 square feet and was built in 1983. Three-sided brick construction provides a durable exterior, while professional management is already in place. Each residence is currently leased, creating a fully occupied configuration for an owner seeking an established rental asset.
The property is located at 3212 Highpoint Ct, Snellville, GA 30078. School assignments identified for the address include Norton Elementary School, Snellville Middle School, and South Gwinnett High School, all within the Gwinnett County School District. The asset is classified as a quadplex, offering four residential units within one property.
The property is located at 3212 Highpoint Ct, Snellville, GA 30078. School assignments identified for the address include Norton Elementary School, Snellville Middle School, and South Gwinnett High School, all within the Gwinnett County School District. The asset is classified as a quadplex, offering four residential units within one property.
Key Highlights
- Four residential units in a single quadplex property
- 4,464 square feet of total property size
- All four units are currently leased
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
$64,861
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
8.48%
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%
$1,297,220
$1.3M
Cap Rate 7%
$926,586
$926.6K
Cap Rate 9%
$720,678
$720.7K
Market Conditions
NOI Build-Up for 4,464 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
$99.1K $22.20/SF
− Vacancy
−$6.4K −$1.44/SF
EGI
$92.7K $20.76/SF
− OpEx
−$27.8K −$6.23/SF
NOI
$64.9K $14.53/SF
Area
Gwinnett County, GA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$1,297,220
Cap Rate 7%
$926,586
Cap Rate 9%
$720,678
Alternative Uses
Best Use
Multifamily LT 5
$926.6K
$810.8K – $1.08M
NOI $64,861 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$856.7K
$749.6K – $999.5K
NOI $59,970 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,350 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
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?
Quadplex - All four residences are leased and professionally managed within a three-sided brick building.
Where is this quadplex located?
The property is located at 3212 Highpoint Ct Snellville, GA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Four residential units in a single quadplex property; 4,464 square feet of total property size; All four units are currently leased
