# 2451 NW Old Thompson Bridge Road, Gainesville, GA 30501

> **TL;DR:** residential multi family, $3,500,000, built 2024.
> A/C. Est. $17,327/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,000 |
| 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%) | $15,167 |
| HOA | $2,160 |
| **Total** | **$17,327** |

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

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

## Description

### 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.

## Location

- **Address:** 2451 NW Old Thompson Bridge Road, Gainesville, GA 30501
- **County:** Hall
- **Neighborhood:** Hidden Cove
- **Coordinates:** 34.33551, -83.847393
- **Google Maps:** https://www.google.com/maps?q=34.33551,-83.847393

## Listing Agent

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

## Primary Photo

![2451 NW Old Thompson Bridge Road - Primary Photo](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2854039100r.jpg)

*38 total photos available on [listing page](https://www.propertysimple.com/listing/2451-nw-old-thompson-bridge-road-gainesville-ga-30501-10714666)*

---

**MLS#:** 10714666 | **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/2451-nw-old-thompson-bridge-road-gainesville-ga-30501-10714666)

---

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  "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 ",
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