USAGAGainesvilleHidden Cove2451 Old Thompson Bridge Rd
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2451 Old Thompson Bridge Rd, Gainesville, GA

Real Estate

For Sale

Listed price in listed location currency (USD).
$3,500,000

009

MLS® 7738614

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $3,866
Days Active 2
Approx. Age 2024
MLS® Number 7738614

Property Address: 2451 Old Thompson Bridge Rd, Gainesville, GA, 30501-1142

Average square foot calculated using Size range provided by listing agent.

Description

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 further enhance income performance, with projected stabilized NOI exceeding $117, 000+. Located minutes from Lake Lanier, Gainesville retail, and major employment corridors, this asset offers a rare opportunity to acquire in-place income with near-term scalable growth and minimal development risk.
MLS® Number7738614
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2024
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
2451 Old Thompson Bridge Rd, Gainesville, GA

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