# 2451 NW Old Thompson Bridge Road, Gainesville, GA 30501 > **TL;DR:** residential multi family, $1,499,900, built 2024. > A/C. Est. $10,181/mo. Listed 226 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 | Active | | Days on Market | 226 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,584 | | Estimated Insurance | $437 | | HOA | $2,160 | | **Total** | **$10,181** | ## 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 MAJOR SELLER INCENTIVE: Seller will pay the HOA dues on the 4 completed units for 5 YEARS, subject to final contractual terms. Current HOA dues are approximately $180 per month per completed unit, representing approximately $43,200 in potential HOA savings over five years based on current dues. Exceptional income-producing investment property in the Gainesville, GA / Lake Lanier corridor offering 4 completed, 100% occupied Class A condominium units PLUS 5 additional slab-ready condominium development sites in one complete package. The four completed units were built in 2023 and provide approximately 5,760 total SF, with each residence offering approximately 1,440 SF, 3 bedrooms and 3.5 bathrooms. Current rental income totals approximately $7,550 per month / $90,600 annually based on the existing rent roll. The development portion includes 5 existing basement slabs with utilities in place or stubbed to the sites. Seller represents the development sites as permitted and ready to build, with civil engineering plans and supporting development documentation available for buyer review and verification. This offering provides an opportunity to acquire immediate rental income today with the potential to expand from 4 completed units to 9 total units. The completed units offer lake views and are within walking distance of Holly Park and Lake Lanier access, with convenient access to Downtown Gainesville, shopping, dining, medical facilities and major employment centers. Ideal for multifamily investors, builders, developers, 1031 Exchange buyers, portfolio investors and buy-and-hold investors seeking income-producing real estate with development upside near Lake Lanier. Complete package offered at $1,499,900. Updated leases, rent roll, property-management financials, HOA information, permits, plans and development documentation available upon request. Buyer to independently verify permit status, utilities, governmental approvals, construction requirements and all development information during due diligence. ## 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 - **Broker Phone:** (770) 361-7068 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2451-Old-Thompson-Bridge-Rd_Gainesville_GA_30501_M96568-47150?f=listhub&s=GAMLS&m=10714666&c=propsimple) ## Photos ![2451 NW Old Thompson Bridge Road - Photo 1](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2754728891r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 2](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3219072466r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 3](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1941451245r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 4](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1334089149r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 5](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1858244546r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 6](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1372157950r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 7](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f120619848r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 8](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1714917914r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 9](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3195710104r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 10](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1787772090r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 11](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1462003647r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 12](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f744637200r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 13](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f206615178r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 14](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2265940855r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 15](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2431976985r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 16](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1196504440r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 17](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1464222024r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 18](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2371326614r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 19](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f300164210r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 20](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f254394193r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 21](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2361485880r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 22](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3574891623r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 23](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f374081609r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 24](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2601899874r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 25](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1395452506r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 26](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3300493969r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 27](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1825003879r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 28](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3274209411r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 29](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2642032524r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 30](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f4022094064r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 31](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1169827279r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 32](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2854039100r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 33](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3454926989r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 34](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1107816294r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 35](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f426108305r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 36](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2308286938r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 37](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f1178144563r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 38](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f3939766456r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 39](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2288592894r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 40](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f2974791105r.jpg) ![2451 NW Old Thompson Bridge Road - Photo 41](http://lh.rdcpix.com/0148d1f9a8d5514479e7b61feed7e9b7l-f433689599r.jpg) --- **MLS#:** 10714666 | **Updated:** 2026-10-19 **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://staging.propertysimple.ai/listing/2451-nw-old-thompson-bridge-road-gainesville-ga-30501-fd09331d7dc846c7a66f1c39a8a2e361) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/2451-nw-old-thompson-bridge-road-gainesville-ga-30501-fd09331d7dc846c7a66f1c39a8a2e361#listing", "url": "https://staging.propertysimple.ai/listing/2451-nw-old-thompson-bridge-road-gainesville-ga-30501-fd09331d7dc846c7a66f1c39a8a2e361", "name": "2451 NW Old Thompson Bridge Road, Gainesville, GA 30501", "description": "MAJOR SELLER INCENTIVE: Seller will pay the HOA dues on the 4 completed units for 5 YEARS, subject to final contractual terms. Current HOA dues are approximately $180 per month per completed unit, representing approximately $43,200 in potential HOA savings over five years based on current dues. Exceptional income-producing investment property in the Gainesville, GA / Lake Lanier corridor offering 4 completed, 100% occupied Class A condominium units PLUS 5 additional slab-ready condominium development sites in one complete package. The four completed units were built in 2023 and provide approximately 5,760 total SF, with each residence offering approximately 1,440 SF, 3 bedrooms and 3.5 bathrooms. Current rental income totals approximately $7,550 per month / $90,600 annually based on the existing rent roll. The development portion includes 5 existing basement slabs with utilities in place or stubbed to the sites. Seller represents the development sites as permitted and ready to build, with civil engineering plans and supporting development documentation available for buyer review and verification. This offering provides an opportunity to acquire immediate rental income today with the potential to expand from 4 completed units to 9 total units. The completed units offer lake views and are within walking distance of Holly Park and Lake Lanier access, with convenient access to Downtown Gainesville, shopping, dining, medical facilities and major employment centers. Ideal for multifamily investors, builders, developers, 1031 Exchange buyers, portfolio investors and buy-and-hold investors seeking income-producing real estate with development upside near Lake Lanier. Complete package offered at $1,499,900. Updated leases, rent roll, property-management financials, HOA information, permits, plans and development documentation available upon request. 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