# 2447 NW Old Thompson Bridge Road, Gainesville, GA 30501 > **TL;DR:** multi-family, $1,149,900, built 2024. > Waterfront, View, Hardwood, A/C. Est. $6,150/mo. Listed 225 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,149,900 | | Year Built | 2024 | | Lot Size | 436 sqft (0.01 acres) | | Stories | 3 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 225 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Views** - Lake - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,815 | | Estimated Insurance | $335 | | **Total** | **$6,150** | ## Nearby Schools - **Elementary:** Enota Multiple Intelligences Academy - **Middle:** Gainesville East - **High:** Gainesville ## Key Amenities - Waterfront - View - Hardwood - A/C ## Property Highlights - Built in 2024 - 0.01 acre lot - 3 stories - 8 parking spaces - Waterfront ## 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 $90,600 annually ($7,550/month) based on the current rent roll, with an estimated NOI of approximately $80,436 and an estimated 6.24% cap rate at the current list price of $1,290,000. Current unit rents are $2,000, $1,750, $1,800, and $2,000/month. Leases include renewal provisions allowing for potential rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions and buyer verification. Each unit offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms, featuring modern construction (2023), functional floorplans, and low-maintenance ownership appeal for long-term investors. The property is within walking distance to Holly Park and offers lake views from the condominium units, enhancing tenant appeal and long-term rental demand. Conveniently located minutes from Lake Lanier, Gainesville retail corridors, dining, medical facilities, and major employment centers, this property offers a rare combination of stabilized income, strong rental demand, and future rent growth potential in one of North Georgia's fastest-growing lake-area markets. ## Location - **Address:** 2447 NW Old Thompson Bridge Road, Gainesville, GA 30501 - **County:** Hall - GA - **Neighborhood:** Hidden Cove - **Coordinates:** 34.335441, -83.847349 - **Google Maps:** https://www.google.com/maps?q=34.335441,-83.847349 ## Listing Agent - **Name:** Cindy LaDuke - **Brokerage:** eXp Realty - **Broker Phone:** (888) 959-9461 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2447-Old-Thompson-Bridge-Rd_Gainesville_GA_30501_M92814-68509?f=listhub&s=FMLSGA&m=7738667&c=propsimple) ## Photos ![2447 NW Old Thompson Bridge Road - Photo 1](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2789526231r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 2](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f533433995r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 3](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f3331463920r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 4](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2036724317r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 5](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2249610791r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 6](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f844444089r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 7](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2778774881r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 8](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f839623793r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 9](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f615358794r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 10](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f67071607r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 11](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f4142033583r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 12](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f1752919159r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 13](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2955387749r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 14](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f198992653r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 15](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f144073709r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 16](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f1048728706r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 17](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f3639314216r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 18](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f1097786613r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 19](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f184370820r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 20](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2381104503r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 21](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f1124321221r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 22](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f3285069611r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 23](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f843114497r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 24](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f993257238r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 25](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2418300292r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 26](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f3043528738r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 27](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f174836107r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 28](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f2774598298r.jpg) ![2447 NW Old Thompson Bridge Road - Photo 29](http://lh.rdcpix.com/6dbf58d800cf045dfff56938ed6fd674l-f4141644107r.jpg) --- **MLS#:** 7738667 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 First Multiple Listing Service, Inc. 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://staging.propertysimple.ai/listing/2447-nw-old-thompson-bridge-road-gainesville-ga-30501-a4e2a1db70ff4a7c9f0ce3b7512a5ec9) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/2447-nw-old-thompson-bridge-road-gainesville-ga-30501-a4e2a1db70ff4a7c9f0ce3b7512a5ec9#listing", "url": "https://staging.propertysimple.ai/listing/2447-nw-old-thompson-bridge-road-gainesville-ga-30501-a4e2a1db70ff4a7c9f0ce3b7512a5ec9", "name": "2447 NW Old Thompson Bridge Road, Gainesville, GA 30501", "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 $90,600 annually ($7,550/month) based on the current rent roll, with an estimated NOI of approximately $80,436 and an estimated 6.24% cap rate at the current list price of $1,290,000. Current unit rents are $2,000, $1,750, $1,800, and $2,000/month. Leases include renewal provisions allowing for potential rent increases of up to 40%, providing additional upside potential as tenants renew, subject to market conditions and buyer verification. Each unit offers approximately 1,440 SF with 3 bedrooms and 3.5 bathrooms, featuring modern construction (2023), functional floorplans, and low-maintenance ownership appeal for long-term investors. The property is within walking distance to Holly Park and offers lake views from the condominium units, enhancing tenant appeal and long-term rental demand. 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