Three-Residence Lakefront Multifamily
For Sale
$995,000
479 Montview Drive, Jasper, GA 30143
Residential Income, Jasper, GA
Property Size4,600 SF
Lot Size2.00 Acres
Price / SF$216.30
Days on Market37
Property Features for 479 Montview Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
Parking features
Garage, Carport
Fireplace
1
Subdivision
Lake Charles
Elementary school
Harmony
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
HOA Fee
$500 Annually
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
pool
deck
aluminum fencing
Building Details
Year built
1991
Floors in Building
2
Building materials
Concrete, Vinyl Siding
Listing Agency:
Keller Williams Realty Partners
(678) 494-0644
Listed By:
Davenport Group
(404) 436-1607
Added: Sep 17
Changed: Oct 22
Last Checked: Oct 23 at 1:06AM
MLS# 10853318
Copyright © 2026 Georgia Multiple Listing Service. 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 brings together three residences with approximately 4,600 square feet of combined living space on 2 acres along private Lake Charles, which spans approximately 13 acres. The main residence has approximately 2,600 square feet, three bedrooms, flex space, two full bathrooms and one half bathroom. Its features include a gas-fireplace family room, updated kitchen, dining room and sunroom. The upper residence offers approximately 900 square feet, two bedrooms, one bathroom, a kitchen and laundry room; the lower residence has approximately 1,100 square feet, two bedrooms, two full bathrooms and a kitchen. Each residence has a separate electric meter.
Outdoor features include a 16-by-32-foot inground freshwater pool with salt chlorination, approximately 2,000 square feet of decking with a rubberized coating, and aluminum fencing. The property was built in 1991 and has public water and sewer service.
Outdoor features include a 16-by-32-foot inground freshwater pool with salt chlorination, approximately 2,000 square feet of decking with a rubberized coating, and aluminum fencing. The property was built in 1991 and has public water and sewer service.
Key Highlights
- Three residences with approximately 4,600 square feet of combined living space
- Set on 2 acres along private Lake Charles, an approximately 13‑acre lake
- Main residence: approximately 2,600 square feet, three bedrooms, flex space, two full bathrooms and one half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,797
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,940
$1.2M
Cap Rate 7%
$882,814
$882.8K
Cap Rate 9%
$686,633
$686.6K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$119.8K $26.04/SF
− Vacancy
−$7.4K −$1.61/SF
EGI
$112.4K $24.43/SF
− OpEx
−$50.6K −$10.99/SF
NOI
$61.8K $13.43/SF
Area
Pickens County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,940
Cap Rate 7%
$882,814
Cap Rate 9%
$686,633
Alternative Uses
Best Use
Apartment 5plus
$882.8K
$772.5K – $1.03M
NOI $61,797 @ 7.0% cap · market cap 6.21%
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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Open Analytics
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?
Multifamily property - Separate electric meters and kitchens support distinct occupancy across the three residences.
Where is this multifamily 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 residences with approximately 4,600 square feet of combined living space; Set on 2 acres along private Lake Charles, an approximately 13‑acre lake; Main residence: approximately 2,600 square feet, three bedrooms, flex space, two full bathrooms and one half bathroom
