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Dalton Multifamily Portfolio with Expansion
For Sale
Contact for pricing
Pending

3950 S Dixie Hwy, Dalton, GA 30721

Income-producing multifamily portfolio with expansion potential in Dalton, Georgia.

Property SizeContact for details
Lot Size2.02 Acres
Days on Market197

Property Features for 3950 S Dixie Hwy

General Information

Standard status Pending
Class B
Lot size 2.02 Acres
Property subtype Multifamily
Zoning R7 High Density Residential
Occupancy 90%
Investment Type Value Add

Building Details

Year Built 1977
Year Renovated 2024
Buildings 4
Stories 1
Units 11
Listing Agency: Selling North Georgia Realty
Listed By: Michael Williams · License #344170
Source: Crexi
Added: Feb 16 Changed: Aug 8 Last Checked: Jul 24 at 1:32PM

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 Selling North Georgia Realty

Investment Insights

Based on property information with market context.

This income-producing multifamily portfolio, located on South Dixie Highway in Dalton, presents a value-add opportunity with expansion potential. The property consists of 11 units situated on approximately 2.02 acres, offering a scalable asset with in-place rental income. Extensive renovations and repairs have been completed across the portfolio, with all units remodeled during 2024–2025, resulting in units that require only minor turnover work between tenants. The single-family houses received new roofs in 2022, and the apartments received a new roof in 2024. A major infrastructure upgrade was completed when the property was converted from septic to city sewer, including the installation of a heavy-duty pump station and new piping throughout the site. The system was designed with sufficient capacity to support proposed additional units. Adding to the upside, the property has received final approval for rezoning from R-6 to R-7 High Density Residential, opening the door for increased density and future development. A preliminary site plan illustrates the potential to add six additional 600 SF units, bringing the total to 17 units, while remaining within zoning density requirements. Financials show approximately $93,547.29 in gross income over the most recent 12-month period, with detailed expense reporting and documented capital expenditures including remodel costs. This offering is ideal for investors seeking immediate cash flow, operational history, and a clear path to increasing value through additional unit development. It offers an excellent combination of stabilized income, recent improvements, and approved density upside in a growing Dalton rental corridor.

Key Highlights

  • Approved rezoning to R‑7 High Density Residential
  • Preliminary site plan shows potential to add six additional 600 SF units, increasing the total to 17 units
  • All 11 units remodeled during 2024–2025**, requiring only minor turnover work between tenants

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Furniture & Home Goods Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing multifamily portfolio with expansion potential in Dalton, Georgia.
Where is this apartment building 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: Approved rezoning to R‑7 High Density Residential; Preliminary site plan shows potential to add six additional 600 SF units, increasing the total to 17 units; All 11 units remodeled during 2024–2025**, requiring only minor turnover work between tenants
(423) 664-1356 Call to check price and availability
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