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 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.
Active
Price cut: $50.1K (7/31)
$1,149,900
2447 NW Old Thompson Bridge Rd, Gainesville, GA 30501
--beds
--baths
--sqft
Multi Family, Quadruplex
Built in 2024
-- sqft lot
$-- Zestimate®
$--/sqft
$720/mo HOA
What's special
Functional floorplans
- 175 days
- 259
- 8
Zillow last checked:
Listing updated:
Listed by:
Cindy LaDuke 678-650-1425,
eXp Realty
Source: GAMLS,MLS#: 10714727
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Basement: Finished
- Has fireplace: No
Property
Parking
- Total spaces: 8
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Body of water: Lanier
Lot
- Size: 435 Square Feet
Details
- Parcel number: 01097A000027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Block
- Foundation: Block
Condition
- Resale
- New construction: No
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Features: Lake, Near Shopping
- Subdivision: Hidden Cove
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Maintenance Grounds
- HOA fee: $8,640 annually
Location
- Region: Gainesville
Financial & listing details
- Annual tax amount: $3,866
- Date on market: 3/20/2026
- Cumulative days on market: 175 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
$1,776/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Price change | $1,149,900-4.2% |
Source: | ||
| 7/20/2026 | Price change | $1,199,999-4% |
Source: | ||
| 7/17/2026 | Price change | $1,249,900-3.1% |
Source: | ||
| 5/13/2026 | Price change | $1,290,000-6.2% |
Source: | ||
| 5/11/2026 | Price change | $1,375,000-8.3% |
Source: | ||
| 3/23/2026 | Price change | $1,499,900-2.6% |
Source: | ||
| 3/20/2026 | Listed for sale | $1,540,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lake District
Nearby schools
Schools provided by the listing agent
- Elementary: Enota
- Middle: Gainesville East
- High: Gainesville
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





