3-Residence Lakefront
479 Montview Drive, Jasper, GA 30143
For Sale
$995,000
Residential Income, Jasper, GA
Property Size4,600 SF
Lot Size2.00 Acres
Price / SF$216.30
Days on Market55
Property Features for 479 Montview Drive
General Information
Property type
Property subtype
Parking
Parking features
Window features
Fencing
Subdivision
Lot features
View
Elementary school
Middle school
High school
Directions
Standard status
APN
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Amenities
pool
lake frontage
private docks
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty Partners
(678) 494-0644
Listed By:
The Davenport Group · License GA #177538
(404) 436-1607
Added: Sep 17
Changed: Nov 4
Last Checked: Nov 10 at 5:06PM
MLS# 7839383
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Set on approximately 2 acres, this residential income property brings together three separate residences with about 4,600 square feet of combined living area. The main home has three bedrooms, flex space, two full bathrooms and a half bath; the upper residence has two bedrooms and one bathroom, while the lower residence has two bedrooms and two bathrooms. Each residence has a full kitchen, and the homes are separately metered for electricity.
The property fronts private Lake Charles, an approximately 13-acre lake, and includes two private docks. Outdoor features include a 16-by-32-foot freshwater pool with salt chlorination and approximately 2,000 square feet of surrounding deck. A fenced yard and pool enclosure provide additional defined outdoor areas.
Work and storage improvements include an approximately 900-square-foot detached garage, a two-car covered carport, and an approximately 900-square-foot insulated workshop with heating and cooling. City water and public sewer serve the property, which is located minutes from downtown Jasper.
The property fronts private Lake Charles, an approximately 13-acre lake, and includes two private docks. Outdoor features include a 16-by-32-foot freshwater pool with salt chlorination and approximately 2,000 square feet of surrounding deck. A fenced yard and pool enclosure provide additional defined outdoor areas.
Work and storage improvements include an approximately 900-square-foot detached garage, a two-car covered carport, and an approximately 900-square-foot insulated workshop with heating and cooling. City water and public sewer serve the property, which is located minutes from downtown Jasper.
Key Highlights
- Three separate residences provide approximately 4,600 square feet of combined living space on approximately 2 acres
- Private frontage on approximately 13‑acre Lake Charles, with two private docks
- 16‑by‑32‑foot freshwater pool with salt chlorination and approximately 2,000 square feet of decking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,699
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,980
$1.2M
Cap Rate 7%
$824,271
$824.3K
Cap Rate 9%
$641,100
$641.1K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$115.9K $25.20/SF
− Vacancy
−$11.0K −$2.39/SF
EGI
$104.9K $22.81/SF
− OpEx
−$47.2K −$10.26/SF
NOI
$57.7K $12.54/SF
Area
Pickens County, GA
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,980
Cap Rate 7%
$824,271
Cap Rate 9%
$641,100
Alternative Uses
Best Use
Apartment 5plus
$824.3K
$721.2K – $961.7K
NOI $57,699 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,011 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
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Business Placement
Demographics for 30143, GA
24,476
Population
12,549
Households
2
Avg Household Size
49
Median Age
32%
College-Educated
92%
High-School Grad
145.3 sq mi
ZIP Area
168
Density / Sq Mi
$79,879
Median Household Income
$42,635
Median Earnings
$1,085
Median Rent
$324,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Three separately metered homes offer distinct living spaces alongside shared recreation and work areas.
Where is this residential income property located?
The property is located at 479 Montview Drive Jasper, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three separate residences provide approximately 4,600 square feet of combined living space on approximately 2 acres; Private frontage on approximately 13‑acre Lake Charles, with two private docks; 16‑by‑32‑foot freshwater pool with salt chlorination and approximately 2,000 square feet of decking
