Date
Details
Price
Change
Source
3/20/2026
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,500,000
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Property 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.
Full Property Details
Full Property Details for 2451 NW Old Thompson Bridge Rd
General
- Price: $3,500,000
- Taxes: $3,866 (2025)
- Status: Active
- Type: Single Family
- Source: FMLS_Atlanta
- MLS ID: 7738614
- Updated: 3/21/2026
- 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: 9
- Parking Features: Detached, Level Driveway, Parking Lot
Location
- County: Hall
- Subdivision: Hidden Cove
- Driving Directions: From Downtown Gainesville, take Jesse Jewell Pkwy NW to Thompson Bridge Rd. Turn right onto Thompson Bridge Rd and continue approximately 2.5 miles. Turn left onto Old Thompson Bridge Rd NW. Properties are located at 2451, 2447, 2443, and 2539 NW Old Thompson Bridge Rd.
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.: Cement Siding, Concrete
- 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: 01097A000026
- Lot Number: 6
Listed by EXP Realty, LLC.
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
— 2451 NW Old Thompson Bridge Rd —
EXP Realty, LLC.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2451 NW Old Thompson Bridge Rd
School District:Gainesville City School District
| Name | Grades | Distance |
|---|---|---|
Enota Multiple Intelligences Academy 1340 Enota Avenue Northeast, Gainesville, GA 30501 | PK-5 | 1.6 mi |
Gainesville Middle School 1581 Community Way, Gainesville, GA 30501 | 6-8 | 2.9 mi |
Gainesville High School 830 Century Place, Gainesville, GA 30501 | 9-12 | 2.5 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 2451 NW Old Thompson Bridge Rd
Tax History
Tax History for 2451 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.
Estimate the Cost
Estimate the Cost for 2451 NW Old Thompson Bridge Rd
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
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
2451 NW Old Thompson Bridge Road, Gainesville, GA 30501 (MLS# 7738614) is a Single Family property with 0 bedrooms and 0 full bathrooms. 2451 NW Old Thompson Bridge Road is currently listed for $3,500,000 and was received on March 20, 2026. Want to learn more about 2451 NW Old Thompson Bridge Road? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.