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About This Home

This 0-bedroom, 0-bathroom residential multi family at 2451 NW Old Thompson Bridge Road in Gainesville, GA is listed for $3,500,000. Built in 2024, on a 0.01 acres lot.

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.

Key Features

  • Built in 2024
  • 0.01 acre lot
  • 3 stories
  • 21 parking spaces

Property Details

3 stories
21 spaces
2024

Amenities

A/C

Monthly Cost Estimate

$20,879/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021
HOA$2,160

Estimates only. Actual payments may vary.

Location

2451 NW Old Thompson Bridge Road

Gainesville, GA 30501

Hidden Cove

Property Details

Construction

Concrete

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 2451 NW Old Thompson Bridge Road is listed at $3,500,000. The estimated monthly payment is $17,327 based on 20% down at 6.5% interest.

HOA fees are $2160/month.

Key features include: Built in 2024, 0.01 acre lot, 3 stories, 21 parking spaces.

This property is listed by Cindy Laduke and can be reached at 6786501425 or cindy@cindysrealtygroup.com.

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CL

Cindy Laduke

Agent at eXp Realty

(678) 650-1425

Listed by eXp Realty

MLS# 10714666· Source: listhub· Updated 21 days ago

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.

2451 NW Old Thompson Bridge Road, Gainesville, GA 30501

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