Lakefront Three-Residence
For Sale
$1,200,000
479 Montview Drive, Jasper, GA 30143
Residential Income, Jasper, GA
Property Size4,600 SF
Lot Size2.00 Acres
Price / SF$260.87
Days on Market18
Property Features for 479 Montview Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
5
Parking features
Garage, Driveway, Carport
Window features
Insulated Windows, Double Pane Windows
Fencing
Fenced
Subdivision
Lake Charles
Lot features
Level, Private
View
Water, Lake
Elementary school
Harmony - Pickens
Middle school
Jasper
High school
Pickens
Directions
575-515N to Hwy 108 light T/R follow to 1st left onto Refuge rd and follow to Montview T/L, follow to end of road and see sign. From city of Jasper area just stay on S.Main St to Montview on Left follow to the end. see sign. Or use GPS.
Standard status
Active
APN
JA14 043
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4433
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Water front features
Waterfront, Lake Front
Water front
1
Amenities
pool
deck
private docks
aeration system
garage
carport
workshop
tornado shelter
storage room
gas fireplace
updated kitchen
remodeled primary bathroom
screened outdoor living areas
sunroom
generator
Building Details
Year built
1991
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick 4 Sides, Cement Siding, Vinyl Siding
Roof type
Composition, Shingle
Listing Agency:
Keller Williams Realty Partners
(678) 494-0644
Listed By:
The Davenport Group · License #177538
(404) 436-1607
Added: Sep 17
Changed: Sep 28
Last Checked: Oct 4 at 10:06AM
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.
Investment Insights
Based on property information with market context.
Three homes provide approximately 4,600 square feet of combined living area on 2 acres along private Lake Charles, which spans approximately 13 acres. The main house measures approximately 2,600 square feet and has three bedrooms, a flex room, two full baths and one half bath. Its kitchen includes double ovens and a gas cooktop; other features include a gas fireplace, sunroom and remodeled primary bath. The upper home has approximately 900 square feet, two bedrooms and one bath. The lower home offers approximately 1,100 square feet, two bedrooms and two baths. Each residence has a separate electric meter.
Outdoor features include a 16-by-32-foot saltwater pool, approximately 2,000 square feet of deck area, a fenced yard and two private docks. Support buildings include a detached 900-square-foot garage, a two-car carport and a 900-square-foot insulated workshop with heating and cooling. A tornado shelter adjoins a 200-square-foot storage room. The property is served by public water and sewer and is minutes from downtown Jasper. Roofing and HVAC equipment are newer, and the property has a whole-house dual-fuel generator.
Outdoor features include a 16-by-32-foot saltwater pool, approximately 2,000 square feet of deck area, a fenced yard and two private docks. Support buildings include a detached 900-square-foot garage, a two-car carport and a 900-square-foot insulated workshop with heating and cooling. A tornado shelter adjoins a 200-square-foot storage room. The property is served by public water and sewer and is minutes from downtown Jasper. Roofing and HVAC equipment are newer, and the property has a whole-house dual-fuel generator.
Key Highlights
- Three residences total approximately 4,600 square feet on 2 acres
- Main home: approximately 2,600 square feet; upper home: approximately 900 square feet; lower home: approximately 1,100 square feet
- Separate electric meters for all three residences
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
$66,838
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
5.57%
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%
$1,336,760
$1.3M
Cap Rate 7%
$954,829
$954.8K
Cap Rate 9%
$742,644
$742.6K
Market Conditions
NOI Build-Up for 4,600 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
$102.1K $22.20/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$95.5K $20.76/SF
− OpEx
−$28.6K −$6.23/SF
NOI
$66.8K $14.53/SF
Area
Pickens 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%
$1,336,760
Cap Rate 7%
$954,829
Cap Rate 9%
$742,644
Alternative Uses
Best Use
Multifamily LT 5
$954.8K
$835.5K – $1.11M
NOI $66,838 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$882.8K
$772.5K – $1.03M
NOI $61,797 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,011 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters, a swimming pool, two docks and substantial garage and workshop space support varied occupancy arrangements.
Where is this triplex located?
The property is located at 479 Montview Drive Jasper, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three residences total approximately 4,600 square feet on 2 acres; Main home: approximately 2,600 square feet; upper home: approximately 900 square feet; lower home: approximately 1,100 square feet; Separate electric meters for all three residences
