Remodeled Multifamily Property with Expansion
3950 S Dixie Hwy, Dalton, GA 30721
For Sale
$750,000
Residential Income, DALTON, GA
Property Size7,395 SF
Lot Size2.02 Acres
Price / SF$101.42
Days on Market270
Property Features for 3950 S Dixie Hwy
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Selling North Georgia Realty
Listed By:
Drew McAllister
(706) 271-6549
Added: Feb 16
Changed: Nov 7
Last Checked: Nov 12 at 6:06AM
MLS# 133897
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.
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Investment Insights
Based on property information with market context.
This multifamily property includes 11 units across 7,395 square feet on 2.02 acres. Unit interiors were extensively remodeled during 2024-2025, with vinyl flooring, central or wall-furnace heating, and a mix of central air and window-unit cooling. The property also includes dishwashers, oven/ranges, ceiling fans, and smoke detectors. Roof systems were replaced on the houses in 2022 and on the apartments in 2024.
Located at 3950 S Dixie Hwy in Dalton, Georgia, the property has public water and public sewer service. A heavy-duty pump station and new piping were added as part of the sewer conversion. The site carries RES HD zoning, and a preliminary plan provides for six additional 600-square-foot units, bringing the potential total to 17 units within the stated zoning density requirements.
Located at 3950 S Dixie Hwy in Dalton, Georgia, the property has public water and public sewer service. A heavy-duty pump station and new piping were added as part of the sewer conversion. The site carries RES HD zoning, and a preliminary plan provides for six additional 600-square-foot units, bringing the potential total to 17 units within the stated zoning density requirements.
Key Highlights
- 11 income‑producing units on 2.02 acres
- 7,395 square feet of multifamily improvements
- Unit interiors extensively remodeled in 2024‑2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,976
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,520
$899.5K
Cap Rate 7%
$642,514
$642.5K
Cap Rate 9%
$499,733
$499.7K
Market Conditions
NOI Build-Up for 7,395 SF
Gross rent
$86.1K $11.64/SF
− Vacancy
−$4.3K −$0.58/SF
EGI
$81.8K $11.06/SF
− OpEx
−$36.8K −$4.98/SF
NOI
$45.0K $6.08/SF
Area
Whitfield County, GA
Vacancy
5.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,520
Cap Rate 7%
$642,514
Cap Rate 9%
$499,733
Alternative Uses
Best Use
Apartment 5plus
$642.5K
$562.2K – $749.6K
NOI $44,976 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,663 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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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
$172,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Dalton, GA
Properties on Market for Multifamily properties in Dalton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Eleven-unit residential asset with public utilities and recent capital improvements across the property.
Where is this multifamily property located?
The property is located at 3950 S Dixie Hwy Dalton, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 11 income‑producing units on 2.02 acres; 7,395 square feet of multifamily improvements; Unit interiors extensively remodeled in 2024‑2025
