1104 Penrose Drive, Dalton, GA 30720
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
1104 Penrose Drive,Dalton, GA 30720
$560,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: lou wieland
Office: chapman hall realtors
MLS#:10803065
Source:METROMLS
Price summary
- Price:$560,000
About this home
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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Home facts
- Year built:2000
- Listing ID #:10803065
- Updated:July 11, 2026 at 10:36 PM
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:2000
- Lot area:0.27 Acres
- Construction Materials:Vinyl Siding
- Levels:2 Story
Schools
- High school:Dalton
- Middle school:Dalton
- Elementary school:Westwood
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$560,000
- Tax amount:$3,560 (2025)
Parking
- Parking description:Off Street Parking
2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed July 11, 2026New listings near 1104 Penrose Drive
- New
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