2451 NW Old Thompson Bridge Road
Gainesville, GA, 30501 $ 1,499,900
Bedrooms-- Baths0.0 Monthly Estimate*
$ 10,359
for $1,499,900. This home was built in 2024 on a lot size of 0.01.
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.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Underground Utilities
HOA Fee 2160
Association Fee Includes Insurance Maintenance Structure Maintenance Grounds
Construction Materials Concrete
Year Built 2024
Levels Three Or More
Property Subtype Multi Family
Tax Year 2025
Gross Income 99000
Community Features Lake Near Shopping
County Hall
New Construction false
Property Type Residential Income
HOA true
Attached Garage false
Energy Efficient Appliances
MaintenanceExpense 0
Subdivision Name Hidden Cove
Garage Y/N true
Status Active
Directions From Downtown Gainesville take Jesse Jewell Pkwy NW to Thompson Bridge Rd. Turn right onto Thompson Bridge Rd and continue approximately 2.5 miles. Turn left onto Old Thompson Bridge Rd NW. Properties are located at 2451 2447 2443 and 2539 NW Old Thompson Bridge Rd.
High School Gainesville
City Gainesville
Body of Water Lanier
Number Of Units Total 9
Lot Size Units Square Feet
Lot Size Square Feet 435.6
Carport Y/N false
Elementary School Enota
Tax Annual Amount 3866
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Gainesville East
Property Condition Resale
Structure Type Other
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorBasement Finished
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Detached
Water Source Public
Total Parking 21
Lot Size Area 435.6
Lot Size Acres 0.01
Lot Size Source Public Records
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* Excluded FeaturesList Bycindy@cindysrealtygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,359
- Monthly Property Taxes
- $322
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Gainesville, GA
Average List Price $1,037,420
Percent of Sale Price 31%
About Gainesville, GA 40,554 Population
23% Since 2002
$ 42,535 Median Income
32.19 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4134564 Elementary School
4308272 Middle School
Gainesville High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2026 | $1,499,900 | -4.76% | Price Down |
| 8/27/2026 | $1,574,900 | -1.56% | Price Down |
| 8/20/2026 | $1,599,900 | -1.54% | Price Down |
| 8/19/2026 | $1,624,900 | -1.52% | Price Down |
| 8/15/2026 | $1,649,900 | -1.49% | Price Down |
| 8/11/2026 | $1,674,900 | -1.47% | Price Down |
| 8/5/2026 | $1,699,900 | -5.56% | Price Down |
| 7/20/2026 | $1,799,999 | -2.70% | Price Down |
| 7/17/2026 | $1,849,999 | -2.63% | Price Down |
| 7/9/2026 | $1,900,000 | -24.00% | Price Down |
| 5/5/2026 | $2,500,000 | -28.57% | Price Down |
| 3/20/2026 | $3,500,000 | | Listed Price |