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2451 NW Old Thompson Bridge Road
Gainesville GA 30501 US

$3,500,000

Active Listing ID 10714666
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Lot: 0.01 Acres
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$3,500,000

Active Listing ID 10714666
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2451 NW Old Thompson Bridge Road 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.

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Property Features

  • Facts
  • Lot Size: 0.01 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Heating Fuels: Central

School Information

  • School
  • Enota(Elementary)
  • Gainesville East(MiddleSchool)
  • Gainesville(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3500000
  • unparsedaddress: 2451 NW Old Thompson Bridge Road
  • postalcity: Gainesville
  • stateorprovince: GA
  • country: US
  • postalcode: 30501
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.01
  • lotsizeunits: Acres
  • lotsizearea: 0.01
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 34.33551
  • longitude: -83.847393
  • listagentfullname: Cindy Laduke
  • listagentemail: cindy@cindysrealtygroup.com
  • listagentkey: 3yd-GAMLS-PRESGRAVESCI
  • listagentmlsid: PRESGRAVESCI
  • listagentpreferredphone: 6786501425
  • listagentofficephone: 8889599461
  • listofficekey: 3yd-GAMLS-EXPR01
  • listofficemlsid: EXPR01
  • disclaimer: 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.
  • sourcesystemid: GAMLS
  • yearbuilt: 2024
  • listingcontractdate: 2026-03-20
  • countyorparish: Hall
  • parcelnumber: 01097A000026
  • elementaryschool: Enota
  • highschool: Gainesville
  • cooling: Central Air
  • constructionmaterials: Concrete
  • heating: Central
  • numberofunitstotal: 9
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 21
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.84739, 34.33551
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cindy@cindysrealtygroup.com", "ListBrokerageCity":"Atlanta", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@ianmarshall.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Realty", "ListBrokeragePhone":"(770) 361-7068", "ListBrokeragePostalCode":"30338", "ListBrokerageStateOrProvince":"GA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1155 mt vernon hwy suite 800", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"1372 Peachtree St NE ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"EXPR01", "ListOfficeCity":"Atlanta", "ListOfficeCountry":"USA", "ListOfficeEmail":"ga.broker@exprealty.net", "ListOfficePostalCode":"30309", "ListOfficeStateOrProvince":"GA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Gainesville, GA", "ListingURL":null, "MLSModificationTimestamp":"2026-03-23 14:32:52", "Neighborhoods":[{"Description":null, "Name":"Hidden Cove"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3866, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/23/2026 3:58:40 PM GMT
Source Updated Date: 3/27/2026 12:59:15 PM GMT

Courtesy of: Cindy Laduke, eXp Realty, cindy@cindysrealtygroup.com

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.