Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
- Price$1,499,900
- Acres0.01
- Built2024
2451 Nw Old Thompson Bridge Road, Gainesville
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.
Essential Information
- MLS® #10714666
- Price$1,499,900
- Bathrooms0.00
- Acres0.01
- Year Built2024
- TypeResidential Income
- StatusActive
Amenities
- UtilitiesUnderground Utilities
- Parking Spaces21
- ParkingDetached
Exterior
- ConstructionConcrete
Additional Information
- Days on Market164
Community Information
- Address2451 Nw Old Thompson Bridge Road
- SubdivisionHidden Cove
- CityGainesville
- CountyHall
- StateGA
- Zip Code30501
Interior
- HeatingCentral
- CoolingCentral Air
- StoriesThree Or More
School Information
- ElementaryEnota
- MiddleGainesville East
- HighGainesville
Listing Details
- Listing Provided Courtesy Of eXp Realty
Price Change History for 2451 Nw Old Thompson Bridge Road, Gainesville, GA (MLS® #10714666)
| Date | Details | Price | Change |
|---|---|---|---|
| Active | – | – | |
| Price Reduced | $1,499,900 | $75,000 (4.76%) | |
| Price Change | – | – | |
| Price Reduced | $1,574,900 | $25,000 (1.56%) | |
| Active | – | – | |
| Show More (29) | |||
| Price Reduced | $1,599,900 | $25,000 (1.54%) | |
| Price Change | – | – | |
| Price Reduced | $1,624,900 | $25,000 (1.52%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $1,649,900 | $25,000 (1.49%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $1,674,900 | $25,000 (1.47%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $1,699,900 | $100,099 (5.56%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $1,799,999 | $50,000 (2.70%) | |
| Active | – | – | |
| Price Reduced | $1,849,999 | $50,000 (2.63%) | |
| Price Change | – | – | |
| Price Reduced | $1,899,999 | $1 (0.00%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $1,900,000 | $600,000 (24.00%) | |
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced (from $3,500,000) | $2,500,000 | $1,000,000 (28.57%) | |
| Active | – | – | |
| Back On Market | – | – | |
| Under Contract | – | – | |
| Active (from New) | – | – | |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Go Realty Of Georgia & Alabam are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Georgia MLS. All rights reserved.
Listing information last updated on September 1st, 2026 at 7:56am CDT.