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    432 4Th Ave Dalton, GA 30721
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    432 4Th Ave Dalton, GA 30721

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    • Apartment buildings
    • 950 SF
    For Sale
    $1,725,000
    View Listing →
    Renovated Multifamily Investment Opportunity For Sale
    $1,725,000
    950 SF

    Renovated Multifamily Investment Opportunity

    Fully renovated 12-unit multifamily property with immediate cash flow.

    432 4th Ave, Dalton, GA 30721
    View Listing
    Property ID
    US22-0628519
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 432 4Th Ave

    Year built
    1999
    Property size
    950 SF
    Property type
    Apartment buildings

    Description

    Outstanding Investment Opportunity – 12-Unit Multifamily Key Highlights: • 100% occupancy – all units leased at $1,150/month, with increases to $1,250/month in late 2025. • Projected NOI: $128,000 • Cap Rate: 7% • Management Fee: 5% • Fully renovated in 2024 – new roof, HVAC, interiors, and exterior improvements. • Lot size: 0.9 acres – room for laundry facility or self-storage units. • Tenants pay electricity and gas; owner pays water (~$500/month). • All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Gross Income Expenses NOI Value @ 7% Cap Current $165,600 $25,000 $128,000 $1,828,571 Pro Forma (2025) $180,000 $25,000 $155,000 $2,214,286 Why This Property? • Immediate strong cash flow with current NOI of $128K. • Built-in appreciation of ~$385K from scheduled rent increases. • Low maintenance risk due to complete recent renovation. • Additional income potential from lot development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.9566998
    Latitude
    34.7664624

    Comparable in this City

    • $1,725,000
      0.79 Acres

      Renovated Multifamily Investment Opportunity

      Fully renovated 12-unit multifamily property with immediate cash flow.
      432 4Th Ave, Dalton, GA 30721
      View Details
    • Contact for pricing
      8,176 SF

      432 4th Avenue, Dalton, GA 30721

      Apartment buildings • 8,176 SF
      432 4Th Ave, Dalton, GA 30721
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    • $299,000

      Office and Apartment Building

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    • $1,725,000
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      Renovated Multifamily Investment Opportunity

      Fully renovated 12-unit multifamily property with strong cash flow.
      432 4Th Ave, Dalton, GA 30721
      View Details
    • New
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      Multifamily Investment Opportunity in Dalton

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      3950 S Dixie Hwy, Dalton, GA 30721
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    • $899,000

      Dalton Multifamily Portfolio with Expansion

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    Similar Nearby for Sale

    • $1,725,000
      0.79 Acres

      Renovated Multifamily Investment Opportunity

      Fully renovated 12-unit multifamily property with immediate cash flow.
      432 4Th Ave, Dalton, GA 30721
      View Details
    • Contact for pricing
      8,176 SF

      432 4th Avenue, Dalton, GA 30721

      Apartment buildings • 8,176 SF
      432 4Th Ave, Dalton, GA 30721
      View Details
    • $299,000

      Office and Apartment Building

      Mixed-use property with rental income potential in Dalton, Georgia.
      524 Mcghee Dr, Dalton, GA 30721
      View Details
    • $1,725,000
      0.79 Acres

      Renovated Multifamily Investment Opportunity

      Fully renovated 12-unit multifamily property with strong cash flow.
      432 4Th Ave, Dalton, GA 30721
      View Details
    • New
      $869,000
      7,395 SF

      Multifamily Investment Opportunity in Dalton

      Value-add multifamily property with expansion potential in Dalton, Georgia.
      3950 S Dixie Hwy, Dalton, GA 30721
      View Details
    • $899,000

      Dalton Multifamily Portfolio with Expansion

      Income-producing multifamily portfolio with expansion potential in Dalton, Georgia.
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    Similar Nearby for Lease

    • $12,000 /Mo

      Renovated Flex Space Available

      Customizable flex space with warehouse and office components for rent.
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    • $800 /Mo

      Office or Retail Space Available

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      3,312 SF

      Retail Space Sublease Opportunity

      Retail space available for sublease in Dalton, Georgia.
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    • $5,000 /Mo

      Warehouse with Dock Doors

      Medium-sized warehouse featuring dock doors and high ceilings for lease.
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    • $3 SF/Yr
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      Dalton Industrial Complex

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    • $36,000

      Industrial Building with Trailer Storage

      Well-maintained building with land for trailer storage in Dalton.
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    View Listing
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    Dalton, GA 30721
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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