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Pending

1004 Rainey Street, Gainesville, GA 30501

Listing by Keller Williams Lanier Partners

Beds
2
Baths
1
Sq ft
920
Lot
7,405 sqft

About this home

Investment opportunity in the heart of Gainesville! This 2-bedroom, 1-bath home offers approximately 920 square feet of living space and is currently tenant-occupied, generating $900 per month in rental income! Conveniently located near downtown Gainesville, Gainesville High School, Centennial Arts Academy, shopping, dining, and everyday conveniences. With easy access to Northeast Georgia Medical Center, local employment opportunities, and major roadways, this property offers an appealing location for long-term rental potential. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this is an opportunity worth exploring! Please do not disturb the tenant. Showings by appointment only.

Type
Single Family Residence
Year built
1950
Price per sq ft
$190
HOA
None
Garage
—
Property tax (2026)
$2,070/yr
Listed
—
MLS #
10880435

Features

Single story

Interior

Other

Appliances

Other

Exterior

Other

Heating

Other

Cooling

Other

Flooring

Carpet

Lot

Corner Lot

Property details

Interior

Bedrooms on main level:
2
Primary bedroom on main:
Yes
Laundry:
Other
Levels:
One

Exterior and lot

Lot size:
0.17 acres

Construction

Architectural style:
Ranch
Construction materials:
Other
Roof:
Metal
Foundation:
Block
Property condition:
Resale, Fixer

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Other

Parking

Parking features:
Parking Pad

Community and HOA

HOA:
No

Taxes and financial

Annual tax amount:
$2,070 (2026)

Monthly cost

Estimated monthly cost

$1,122/mo

Principal & interest
$862
Property taxes
$173
Home insurance
$88

$35,000

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Nov 6, 2026Status: Pending$175,000
Oct 28, 2026Listed for sale$175,000

Schools

  • Buford Academy

    Elementary

  • East Hall

    Middle

  • East Hall

    High

School assignments can change — verify with the district before you buy.

Location

Listing information

Listing office:
Keller Williams Lanier Partners
Listing ID:
10880435
Status:
Pending

Source: Georgia MLS · Updated 7m ago · Nov 10, 2026, 6:45 PM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 10, 2026, 6:45 PM ET

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