Remodeled Single-Family
For Sale
$320,000
429 S Glenwood Avenue, Dalton, GA 30721
Residential, Farm, Traditional, DALTON, GA
Property Size3,200 SF
Lot Size0.18 Acres
Price / SF$100
Days on Market197
Property Features for 429 S Glenwood Avenue
General Information
Property type
Residential
Property subtype
Farm
Bedrooms
5
Bathrooms
3
Rooms
Laundry Room, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Porch, Deck
Interior features
Ceiling 9 Ft or more, Ceiling-Cathedral, Ceiling-Smooth, Ceiling Fan(s), Laundry Room, Split Bedrooms
Exterior features
Deck, Porch-Covered
Appliances
Microwave Built-in
Elementary school
Blue Ridge
Middle school
Hammond Creek
High school
Dalton
Elementary school district
12
Middle school district
12
High school district
12
Subdivision
2-Dalton City-East
Standard status
Active
APN
12-238-18-017
Size
3,200 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2411
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Flooring type
Vinyl
Architectural style
Other
Listing Agency:
Coldwell Banker Kinard Realty - Dalton · Coldwell Banker Real Estate
(706) 226-5182
Listed By:
Sharon Majetich
(706) 264-4421
Added: Feb 15
Changed: Aug 19
Last Checked: Aug 31 at 5:06PM
MLS# 133891
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.
The seller is offering $15,000 toward closing costs or an interest rate buy down. This remodeled single-family home offers approximately 3,200 square feet with five bedrooms, cathedral ceilings, and large windows designed to bring in natural light. The interior has been updated with modern finishes and quality craftsmanship throughout.
Located at 429 S Glenwood Avenue in Dalton, Georgia, the home is described as just a short walk from Downtown Dalton and nearby community activities, including the summer concert series and events at Burr Park. Residents can also access the local farmers market and a variety of restaurants and boutique shops in the downtown area.
With its five-bedroom layout and light-filled rooms featuring soaring ceilings, the property provides substantial space for day-to-day living in a walkable setting.
Located at 429 S Glenwood Avenue in Dalton, Georgia, the home is described as just a short walk from Downtown Dalton and nearby community activities, including the summer concert series and events at Burr Park. Residents can also access the local farmers market and a variety of restaurants and boutique shops in the downtown area.
With its five-bedroom layout and light-filled rooms featuring soaring ceilings, the property provides substantial space for day-to-day living in a walkable setting.
Key Highlights
- Remodeled 3,200 sq ft home built in 1960 with 5 bedrooms and 3 bathrooms
- 9‑ft+ ceilings with cathedral ceilings and ceiling fans for added height and comfort
- Central heating and central air conditioning
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
$19,462
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
6.08%
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%
$389,240
$389.2K
Cap Rate 7%
$278,029
$278.0K
Cap Rate 9%
$216,244
$216.2K
Market Conditions
NOI Build-Up for 3,200 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
$37.2K $11.64/SF
− Vacancy
−$1.9K −$0.58/SF
EGI
$35.4K $11.06/SF
− OpEx
−$15.9K −$4.98/SF
NOI
$19.5K $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 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%
$389,240
Cap Rate 7%
$278,029
Cap Rate 9%
$216,244
Alternative Uses
Best Use
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,606
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Remodeled home with five bedrooms and cathedral ceilings, offering a generous interior size and walkable Dalton location.
Where is this single family property located?
The property is located at 429 S Glenwood Avenue Dalton, GA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Remodeled 3,200 sq ft home built in 1960 with 5 bedrooms and 3 bathrooms; 9‑ft+ ceilings with cathedral ceilings and ceiling fans for added height and comfort; Central heating and central air conditioning
