# 2447 NW Old Thompson Bridge Road, Gainesville, GA 30501

> **TL;DR:** residential multi family, $1,499,900, built 2024.
> A/C. Est. $15,140/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,499,900 |
| Year Built | 2024 |
| Lot Size | 436 sqft (0.01 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 21 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| HOA | $8,640 |
| **Total** | **$15,140** |

## Nearby Schools

- **Elementary:** Enota
- **Middle:** Gainesville East
- **High:** Gainesville

## Key Amenities

- A/C

## Property Highlights

- Built in 2024
- 0.01 acre lot
- 3 stories
- 8 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 2447 NW Old Thompson Bridge Road, Gainesville, GA 30501
- **County:** Hall
- **Neighborhood:** Hidden Cove
- **Coordinates:** 34.335492, -83.847344
- **Google Maps:** https://www.google.com/maps?q=34.335492,-83.847344

## Listing Agent

- **Name:** Cindy Laduke
- **Brokerage:** eXp Realty
- **Phone:** 6786501425
- **Email:** cindy@cindysrealtygroup.com

## Primary Photo

![2447 NW Old Thompson Bridge Road - Primary Photo](http://lh.rdcpix.com/ffcb1c3a3de7922e772a1969d188fbedl-f2854039100r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/2447-nw-old-thompson-bridge-road-gainesville-ga-30501-10714727)*

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**MLS#:** 10714727 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2447-nw-old-thompson-bridge-road-gainesville-ga-30501-10714727)

---

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