Value-add multifamily opportunity with expansion upside on South Dixie Highway in Dalton. This income-producing portfolio consists of 11 total units on approximately 2.02 acres, offering a scalable asset with in-place rental income for the growth-minded investor. Extensive renovations and repairs across the portfolio, with the all units remodeled during 2024-2025 resulting in units that only require minor turn-over work between tenants The single-family houses received new roofs in 2022, and the apartments received a new roof in 2024. A major infrastructure upgrade was completed when the property was converted from septic to city sewer, including installation of a heavy-duty pump station and new piping throughout the site. The system was designed with sufficient capacity to support the proposed additional units Adding to the upside, the property has received final approval for rezoning from R-6 to R-7 High Density Residential, opening the door for increased density and future development A preliminary site plan illustrates the potential to add six additional 600 SF units, bringing the total to 17 units, while remaining within zoning density requirements Financials show approximately $93,547.29 in gross income over the most recent 12-month period, with detailed expense reporting and documented capital expenditures including remodel costs This offering is ideal for investors seeking immediate cash flow, operational history, and a clear path to increasing value through additional unit development. Excellent combination of stabilized income, recent improvements, and approved density upside in a growing Dalton rental corridor.
Multi-familyProperty Type
1977Year Built
2.02 acresLot Size
$101Price/Sq.Ft.
Listed by Michael Williams• Selling North Georgia Realty
Value-add multifamily opportunity on South Dixie Highway featuring 11 income-producing units on 2.02 acres with strong in-place cash flow and expansion upside. All units were extensively remodeled in 2024–2025, minimizing near-term CapEx, with new roofs on the houses (2022) and apartments (2024). The property was upgraded from septic to city sewer with a heavy-duty pump station and new piping designed to support future expansion. Recently rezoned from R-6 to R-7 High Density Residential, the site includes a preliminary plan allowing six additional 600 SF units, increasing total potential to 17 units while remaining within zoning density requirements. Gross income over the past 12 months totals approximately $93,547.29, with detailed financials and documented capital improvements available.
CCARMLS #130898
Sep 9, 2025
Listed
$990,000
$134/sq ft
RENTALBEAST #3
Jan 21, 2025
Rental Removed
$849
$0/sq ft
Jan 12, 2025
Listed for Rent
$849
$0/sq ft
APPFOLIO #2
Mar 20, 2024
Rental Removed
$795
$0/sq ft
Mar 13, 2024
Listed for Rent
$795
$0/sq ft
APPFOLIO #1
Jan 20, 2024
Rental Removed
$795
$0/sq ft
Dec 25, 2023
Listed for Rent
$795
$0/sq ft
Oct 29, 2023
Rental Removed
$850
$0/sq ft
Oct 7, 2023
Listed for Rent
$850
$0/sq ft
Public Records
Apr 15, 2002
Sold
$365,000
$49/sq ft
Public Records
Feb 16, 2001
Sold
$283,500
$38/sq ft
Public Records
Jun 8, 2000
Sold
$255,000
$34/sq ft
Public Records
Nov 1, 1996
Sold
$118,000
$16/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$5,111 (+9.2%)
$20,100 + $133,945
$154,045
2023
$4,679 (+25.8%)
$34,170 + $104,872
$139,042
2022
$3,721
$26,300 + $99,844
$126,144
2021
$3,722 (+18.7%)
$26,300 + $99,844
$126,144
2020
$3,136 (−12.3%)
$26,300 + $79,459
$105,759
2019
$3,576 (−1.6%)
$26,300 + $89,043
$115,343
2018
$3,634
$26,300 + $89,043
$115,343
2017
$3,636
$26,300 + $89,043
$115,343
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
2.02 Acres
Year renovated
1986
Finished Sq. Ft.
504
Unfinished Sq. Ft.
—
Total Sq. Ft.
504
Year built
1977
Style
Single Family Residential
County
Whitfield County
APN
13-116-01-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
R-6
Transitional Residential District
This district is established as a transition residential district of either medium or high density, which may accommodate dwellings such as single-family detached dwellings, individual manufactured homes, duplexes, triplexes or 4 plexes only. No more than one principal structure per lot, containing not more than one 4 unit building shall be allowed in this district.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Infrastructure
Bed & breakfast
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
4/10 Wind Factor
11% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Dalton, GA • 30721
Average low and high temperatures (°F)
48
29
58
36
71
45
76
54
77
60
86
67
89
72
86
68
83
64
74
52
65
45
55
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
66/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3950 S Dixie Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.