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2447 NW Old Thompson Bridge Road, 
Gainesville, GA 30501

$1,499,900


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Cindy Presgraves

eXp Realty

Last updated:

May 2, 2026, 10:47 AM

MLS#

10714727

Source:

METROMLS

About This Home

2447 NW Old Thompson Bridge Road

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.

Home Facts

Multi-Family

Built in 2024

Price Summary

1,499,900

MLS #:

10714727

Last Updated:

May 2, 2026, 10:47 AM


Structure

Structure

Year Built:

2024


Lot

Lot Size (Sq. Ft):

435


Finances & Disclosures

Finances

Price:

$1,499,900

MLS Logo
2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed May 2, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.