Active3
Median $/door$166,333
Ask range$450,000–$1,500,000
Estimated cap4.2%n=3
Median DOM744

1 duplex · 1 triplex · 0 fourplex · 1 apartmentsGeorgia market report →

3 Multifamily Investment Properties for Sale in Lakemont

As of today, 3 active small multifamily listings in Lakemont · median $166,333/door · median estimated cap 4.2% (n=3). Lakemont is a quieter North Georgia market with limited but occasionally interesting multifamily inventory. Properties here tend to be smaller and appeal to investors seeking longer-term holds outside major employment centers.

Current Market Snapshot

Active Listings3
Avg List Price$816,333
Avg $/Unit$180,444
Avg Cap Rate (est.)4.2%
Price Range$450,000 – $1,500,000
Avg Units5.0

HUD Fair Market Rent · Rabun County(FY2026)

Studio$770
1 BR$851
2 BR$1,117
3 BR$1,553
4 BR$1,687

Showing 3 of 3 multifamily investment properties for sale

Multifamily for sale: 240 Varnes Lane, Lakemont
10 Units
Below 1.0x DSCR
$1,500,000
8.4% Gross5.3% Capest

240 Varnes Lane

Lakemont, GA

Units10
$/Unit$150,000
DOM734
Listing MLSID: 7464136 · Listing courtesy of Virtual Properties Realty.com · 470-269-0420

Frequently Asked Questions — Lakemont Multifamily

Are there multifamily for sale in Lakemont?

This page is the live FMLS Residential Income set for multifamily in Lakemont. Counts change with the MLS feed. If inventory is thin, open the statewide Georgia multifamily collection or the county page for a larger sample.

How does Lakemont compare to Georgia overall for multifamily?

Use the statewide inventory at /multifamily-for-sale/georgia for the full Georgia multifamily set, then compare $/door and published cap estimates against this city. Smaller markets often have one or two live listings; that is not a full comp set.

Do multifamily in Lakemont still qualify for residential financing?

Most 2–4 unit multifamily can still qualify for conventional residential financing when the buyer and property meet guidelines. Always confirm with your lender. 5+ unit buildings are a different stack.

Why is the estimated cap rate missing on some Lakemont listings?

Yields on this site are independent screening models, not MLS fields. A listing is left out of the cap sample when we cannot publish a number. That is not a zero cap — pull the rent roll.

Looking for multifamily investments in Lakemont?

Direct access to on-market and pre-market opportunities with principal-level advisory.

Schedule a Consultation