0.27 Acres Lot
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 7802851
Construction Status Resale
HOA Y/N No
Year Built 2000
Annual Tax Amount $3,560
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Quadruplex
Source First Multiple Listing Service
Property Description
Management company available to continue.
This offering presents a 3,072-square-foot, four-unit multifamily property located at 1104 Penrose Drive in Dalton, Georgia, situated on a 20,152-square-foot site zoned C-1. The asset's primary value driver is its small-format apartment configuration within a single-building layout, which may appeal to investors seeking operational simplicity and exposure to workforce-oriented multifamily demand.
Built in 2000, the property contains four residential units in one building on approximately 0.27 acres. Public record activity indicates the asset traded for $405,000 in June 2024, equating to roughly $131.84 per square foot, reflecting recent market validation of the property's pricing benchmark and providing a current basis for underwriting.
The investment thesis is centered on the acquisition of a recently transacted, efficiently scaled multifamily asset in Dalton with straightforward physical characteristics, modest lot coverage, and commercial zoning that may support long-term flexibility. For buyers targeting smaller multifamily investments, the property offers a manageable unit count, a clearly defined parcel, and a recent sales comp reference that can support near-term valuation analysis and future repositioning decisions.
Investment highlights
Modern vintage relative to many small multifamily assets.
Built in 2000, the property is newer than much of the legacy small-balance apartment stock often found in secondary markets. A more recent construction date may translate into lower near-term replacement risk for major building systems compared with older inventory.
Defined site size offers usable land area without excess overhead.
The parcel totals 20,152 square feet, or about 0.27 acres, creating a compact site that remains large enough to support the existing improvements. This balance may help contain grounds-related operating demands while preserving site functionality.
Dalton location offers exposure to a proven North Georgia rental market.
The property is located in Dalton, the economic center of Whitfield County and a regional employment hub in Northwest Georgia. For small multifamily investors, that setting may support recurring renter demand tied to local employment and neighborhood-serving housing needs.
Location
State GA
County Whitfield
Area None
Lake Name None
Interior
Heating Natural Gas
Cooling None
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Community Features Sidewalks, Street Lights
Utilities Available Electricity Available, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Resale
Schools
Elementary Schools Westwood
Middle Schools Dalton Jr.
High Schools Dalton
Others
Senior Community no
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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