Five-Unit Apartment
New
For Sale
$900,000
602-610 W Boundary Street, Dalton, GA 30720
Residential Income, DALTON, GA
Property Size5,472 SF
Lot Size0.29 Acres
Price / SF$164.47
Days on Market2
Property Features for 602-610 W Boundary Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
10
Full bathrooms
5
Half bathrooms
5
Rooms
Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 5, Bathroom 9, Bedroom 2, Bathroom 7, Bedroom 1, Bathroom 10, Bedroom 6, Bedroom 5, Bedroom 10, Bathroom 8, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 8, Bathroom 6, Bedroom 9
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Storm Door(s)
Exterior features
Patio
Subdivision
CASCADE HEIGHTS
Elementary school
Westwood
Middle school
Hammond Creek
High school
Dalton
Elementary school district
12
Middle school district
12
High school district
12
Standard status
Active
Size
5,472 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sale includes all five units and parcels: 12-199-28-001 (Unit A), 12-199-28-002 (Unit D), 12-199-28-003 (Unit B), 12-199-28-004 (Unit C), and 12-199-28-005 (Unit E). Units cannot be sold separately. Combined acreage, square footage and 2025 taxes are totals from the five tax records.
Tax Annual Amount
11285
Legal Description
Sale includes all five units and parcels: 12-199-28-001 (Unit A), 12-199-28-002 (Unit D), 12-199-28-003 (Unit B), 12-199-28-004 (Unit C), and 12-199-28-005 (Unit E). Units cannot be sold separately. Combined acreage, square footage and 2025 taxes are totals from the five tax records.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
5
Flooring type
Vinyl, Carpet, Hardwood
Roof type
Metal
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Shanelle Greene
(706) 313-5704
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 25 at 7:06PM
MLS# 136569
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.
This apartment property contains five condominium residences in one building, with a combined 5,472 square feet on a 0.29-acre parcel. The units are offered as a single sale and are not available individually. Building updates include a new roof and new storm windows. Interior finishes include vinyl, carpet, and hardwood flooring, with central heating and central air. A patio is also part of the property.
All five residences have tenants. The building is served by public water and public sewer. Dalton High School and I-75 are nearby, along with access to schools, shopping, dining, and regional travel routes.
All five residences have tenants. The building is served by public water and public sewer. Dalton High School and I-75 are nearby, along with access to schools, shopping, dining, and regional travel routes.
Key Highlights
- Five condominium residences in one building; conveyed together
- 5,472 square feet on a 0.29‑acre parcel
- Five existing tenants
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
$33,280
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
3.70%
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%
$665,600
$665.6K
Cap Rate 7%
$475,429
$475.4K
Cap Rate 9%
$369,778
$369.8K
Market Conditions
NOI Build-Up for 5,472 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
$63.7K $11.64/SF
− Vacancy
−$3.2K −$0.58/SF
EGI
$60.5K $11.06/SF
− OpEx
−$27.2K −$4.98/SF
NOI
$33.3K $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%
$665,600
Cap Rate 7%
$475,429
Cap Rate 9%
$369,778
Alternative Uses
Best Use
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.8K
$764.6K – $1.02M
NOI $61,167 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 30720, GA
27,547
Population
10,731
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
48.6 sq mi
ZIP Area
567
Density / Sq Mi
$65,620
Median Household Income
$38,014
Median Earnings
$965
Median Rent
$225,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five tenant-occupied residences are offered together and cannot be purchased individually.
Where is this apartment building located?
The property is located at 602-610 W Boundary Street Dalton, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Five condominium residences in one building; conveyed together; 5,472 square feet on a 0.29‑acre parcel; Five existing tenants
