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$1,499,900

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
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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 upside. Offered at $1,499,900, the property generates approximately $99,000 in annual gross income ($8,250/month) with a net operating income of $80,436 and an estimated 5.36% cap rate. Unit rents are currently $2,000, $1,750, $2,000, and $2,500 (new lease recently executed), reflecting continued rent growth within the community. Seller will cover HOA dues from closing through January 1, 2027 ($8,640/year), reducing operating expenses and increasing the effective return during the initial ownership period. Additional upside exists as units trend 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, built in 2023, with modern finishes and layouts designed for long-term tenant demand. Located minutes from Lake Lanier, Gainesville retail corridors, and major employment centers, this property offers a rare combination of stable income, reduced operating expenses, and future rent growth potential.

Full Property Details for 2447 NW Old Thompson Bridge Rd

General

  • Price: $1,499,900
  • Taxes: $3,866 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: FMLS_Atlanta
  • MLS ID: 7738667
  • Updated: 3/23/2026
  • Added to Site: 16 day(s) ago

Interior

  • Flooring: Hardwood

Additional Information

  • Amenities: Lake, Near Shopping, Near Trails/Greenway
  • Security/Safety: None

Parking

  • Total Spaces: 8
  • Parking Features: Parking Lot, Paved, Varies by Unit

Location

  • County: Hall
  • Subdivision: Hidden Cove
  • Driving Directions: 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

School Information

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

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Structural Information

  • Detached/Attached: Detached
  • Exterior Const.: Block, HardiPlank Type
  • Roof: Composition
  • Windows: Double Pane Windows
  • Stories/Levels: Three Or More
  • Year Built: 2024
  • Property Condition: Resale

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.01
  • Lot Size Source: Public Records
  • Lot Dimensions: 0 x 0 x 0
  • Lot Features: Wooded
  • Fencing (Description): None

Water Features

  • Docks: Dock

Financial Considerations

  • Tax Amount: $3,866
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash

Disclosures and Reports

  • Property ID: 01097A000027
  • Lot Number: 7

Listed by EXP Realty, LLC.

FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Apr 3 2026 9:6PM

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Listing agent

— 2447 NW Old Thompson Bridge Rd —

  • EXP Realty, LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2447 NW Old Thompson Bridge Rd

School District:Gainesville City School District
NameGradesDistance
Enota Multiple Intelligences Academy
1340 Enota Avenue Northeast, Gainesville, GA 30501
PK-51.6 mi
Gainesville Middle School
1581 Community Way, Gainesville, GA 30501
6-82.9 mi
Gainesville High School
830 Century Place, Gainesville, GA 30501
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2447 NW Old Thompson Bridge Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Price Reduced
$1,499,900
-2.6%
MLS
3/20/2026
Listed
$1,540,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2447 NW Old Thompson Bridge Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,866
—
$135,960
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by EXP Realty, LLC.

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FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Apr 3 2026 9:6PM

2447 NW Old Thompson Bridge Road, Gainesville, GA 30501 (MLS# 7738667) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2447 NW Old Thompson Bridge Road is currently listed for $1,499,900 and was received on March 20, 2026. Want to learn more about 2447 NW Old Thompson Bridge Road? Do you have questions about finding other Multi-Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

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