2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
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2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
2447 NW Old Thompson Bridge RD, Gainesville, GA 30501
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Elizabeth Harvill

Elizabeth Harvill

+1(912) 245-1186
$ 1,499,900
Est. payment /mo
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Price Dropped by $40K

2447 NW Old Thompson Bridge RD Gainesville, GA 30501

435 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Hidden Cove

MLS Listing ID 10714727

HOA Fees $8,640

HOA Y/N Yes

Year Built 2024

Annual Tax Amount $3,866

Tax Year 2025

Lot Size 435 Sqft

Acres 0.01

Lot Dimensions 435.6

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

Property Description

Exceptional Lake Lanier income-producing investment opportunity in Gainesville, GA featuring 4 fully completed, 100% occupied Class A condominium units with strong in-place cash flow and built-in rent growth potential. Current rental income is approximately $99,000 annually ($8,250/month) with a net operating income of $80,436 and an estimated 5.2% cap rate at the current list price. Unit rents are currently $2,000, $1,750, $2,000, and $2,500 (new lease recently executed), reflecting upward rental trends within the community. Leases include renewal provisions allowing for rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions. Units are trending toward market rents near $2,500/month, projecting total income of approximately $120,000 annually and a potential NOI exceeding $100,000, increasing cap rate into the mid-6% range. Each unit offers 3 bedrooms, 3.5 bathrooms, approximately 1,440 SF, modern finishes, and functional layouts appealing to long-term tenants. Located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers, this property offers a rare combination of stable income, strong rental demand, and future rent growth potential.

Location

State GA

County Hall

Rooms

Bedroom Description No

Basement Finished

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 8.0

Community Features Lake, Near Shopping

Utilities Available Underground Utilities

View Y/N No

Total Parking Spaces 8

Garage No

Private Pool No

Building

Faces From Downtown Gainesville, take Jesse Jewell Pkwy (US-129) toward Old Thompson Bridge Rd. Turn onto Old Thompson Bridge Rd (GA-60) and continue north. Property will be on the right near Hidden Cove Ct. Use GPS: 2439, 2443, 2447, 2451 Old Thompson Bridge Rd, Gainesville, GA 30501

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Schools

Elementary Schools Enota

Middle Schools Gainesville East

High Schools Gainesville

Others

HOA Fee Include Maintenance Structure,Maintenance Grounds

Tax ID 01097A000027

Special Listing Condition Resale

Georgia MLS - GAMLS
© 2026 Georgia Multiple Listing Service. All Rights Reserved.

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Elizabeth Harvill
Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

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2447 NW Old Thompson Bridge RD