2451 NW Old Thompson Bridge Road, Gainesville, GA 30501

Gainesville
Local realty services provided by:ERA Towne Square Realty, Inc.
2451 NW Old Thompson Bridge Road,Gainesville, GA 30501
$3,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cindy laduke888-959-9461
Office: exp realty, llc.
MLS#:7738614
Source:FIRSTMLS

Price summary

  • Price:$3,500,000

About this home

Exceptional Lake Lanier Class A 9-unit multifamily investment opportunity in Gainesville, GA combining stabilized income with immediate new construction upside. The offering includes 4 fully completed, 100% occupied condominium units generating approximately $99,000 annually ($8,250/month) with a current NOI of $80,436. One unit has recently been re-leased at $2,500/month, supporting continued rent growth. In addition, the property includes 5 shovel-ready Class A condominium units with basement slabs poured, utilities stubbed, and permits approved, allowing for rapid completion within approximately 90 - 120 days. The new units may be configured as: • End units: 4BR / 3.5BA • Interior units: 3BR / 3.5BA + bonus room (2,000 SF) Upon completion of all 9 units, projected income increases significantly, creating a strong value-add and stabilization play in a high-demand rental market near Lake Lanier. Scheduled $800 rent increases per existing unit beginning July/August...

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Home facts

  • Year built:2024
  • Listing ID #:7738614
  • Updated:March 29, 2026 at 01:35 PM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2024
  • Lot area:0.01 Acres
  • Lot Features:Wooded
  • Construction Materials:Cement Siding, Concrete
  • Levels:3+ Story

Schools

  • High school:Gainesville
  • Middle school:Gainesville East
  • Elementary school:Enota Multiple Intelligences Academy

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$3,500,000
  • Tax amount:$3,866 (2025)

Parking

  • Total parking spaces:9
  • Parking description:Detached, Level Driveway, Parking Lot
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