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1104 Penrose Drive

Dalton, GA 30720
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Bed --

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Bath 0

Bath

Acres0.27

Acre(Lot)

Beautiful multifamily building, fully occupied all tenants pay $1150 per month. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $560,000

AD Id : 87883363

MLS Id : 7802851

Lot Size : 0.27 Acre

Year Built : 2000

County : Whitfield

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Feature Features

  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Cooling: None

  • Building Information

    Year Built: 2000 Construction Materials: Vinyl Siding Private Pool: No View: Other

  • Lot Information

    Lot Dimensions: x Lot Size Acres: 0.27 Lot Size Source: Public Records Lot Description: Level

    Property Information

    Subdivision: None Source Property Type: Residential Income Postal Code Plus 4: 9082 Property SubType: Quadruplex Levels: Two Property Age: 26

  • Listing Price Information

    Listing Price: $560000 Cash, Conventional

  • Tax Information

    Parcel Number: 1218202015 Tax Year: 2025 Annual Tax: $3560 Tax Legal Desc: L451 CROWN MILL

  • Parking Information

    Parking Lot

  • School Information

    Elementary School: Westwood
    Junior High School: Dalton Jr.
    Senior High School: Dalton
  • Utility Information

    Electricity Available, Water Available
  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
115 & 134 Independence .., Dalton, GA, 30720 $180,000 6 2 2,188 2,188 SqFt
1418 Walston Street, Dalton, GA, 30720 $450,000 8 4 4,404 4,404 SqFt

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ByOwner last updated this listing 07/23/2026 @ 07:23

MLS: 7802851 LISTED BY: Lou Wieland, Chapman Hall Realtors 404-252-9500 SOURCE: First Multiple Listing Service (FMLS)

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