535 Forrest Avenue,Gainesville, GA 30501
Gainesville, GA 30501
Description
Introducing 535 Forrest Avenue, "The Bradford," a rare opportunity to acquire a fully stabilized, income-producing multifamily asset in the rapidly growing Gainesville market. This approximately 10,800-square-foot property consists of nine well-designed residential units with an ideal mix of two- and three-bedroom floor plans, catering to strong tenant demand in the area. The property is currently operating at 100% occupancy with rents averaging approximately $1,750 per month, delivering immediate and consistent cash flow from day one. Originally built in 1978 and extensively renovated in 2016, the asset offers modern interiors, including stainless steel appliances and updated finishes, positioning it competitively within the market. Strategically located on a 0.63-acre site near downtown Gainesville, the property benefits from proximity to major employment centers, retail, dining, and schools, further supporting long-term rental stability. On-site parking and functional layouts enhance tenant retention and overall asset performance. With strong in-place income, full occupancy, and continued rental demand in the submarket, The Bradford presents investors with a turnkey opportunity and clear upside potential through rent growth and operational efficiencies. This is an ideal acquisition for investors seeking a high-performing asset in a proven North Georgia rental corridor.
Details
| MLS # | 10721645 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 165 |
| Listing Provided By | Resource Brokers, LLC | Leslie White |
Features
| Units | 9 |
|---|---|
| Acreage | 0.63 |
Interior
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
Exterior
| Construction Materials | Other |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Side/Rear Entrance |
Utilities
| Utilities | Other |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 35932 |
|---|---|
| Tax Year | 2025 |
Location
| Community Features | Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping |
|---|
Area Information
| State | GA |
|---|---|
| County | Hall |
| City | Gainesville |
| Zip Code | 30501 |
| Area | Hall |
| School District | Gainesville |
| Elementary School | Centennial |
| High School | Gainesville |
| Listing VS Median (in 30501) | |
Price: $2,400,000 low | high Med: $362,900 On site: 165 low | high Med: 193 | |
Market Activity 30501
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| State | GA |
|---|---|
| County | Hall |
| City | Gainesville |
| Zip Code | 30501 |
| Area | Hall |
| School District | Gainesville |
| Elementary School | Centennial |
| High School | Gainesville |
| Listing VS Median (in 30501) | |
Price: $2,400,000 low | high Med: $362,900 On site: 165 low | high Med: 193 | |
