$269,900
3 bd · 2 ba · 1,175 sqft · House
721 Mill Street SE, Gainesville, GA 30501
Listing by RE/MAX Center
$269,900
Price cut $40,100
Est. monthly cost
$1,598/mo
Listing by Keller Williams Lanier Partners
**INVESTMENT OPPORTUNITY WITH RENTAL INCOME POTENTIAL! SUBMIT ANY OFFER!** Welcome to this spacious 4-bedroom, 2-bath home conveniently located in Gainesville, just off Skelton Road, near shopping, dining, schools, parks, Northeast Georgia Medical Center, Downtown Gainesville, and major roadways. This property offers a flexible layout with two separate living areas and excellent potential for homeowners and investors alike. The main portion of the home features inviting living spaces, laminate flooring, a spacious kitchen with ample cabinet space, and comfortable bedrooms filled with natural light. One of the standout features is the separate private-entry living area located at the rear/right side of the home, complete with an additional kitchen, dining area, bedroom, and full bathroom. This versatile arrangement offers added privacy and flexibility for guests, extended household living, or potential rental use. **RENTAL INCOME POTENTIAL:** The two living areas have estimated rental potential of approximately $1,100 per month for one side and $2,200 per month for the other, totaling approximately $3,300 in potential monthly rental income ($39,600 annually). With renovations and improvements, there may be opportunities to achieve higher rental rates, depending on market conditions and property improvements. Rental figures are estimates, not guaranteed income. Buyers should independently verify rental rates, occupancy requirements, zoning, permits, and applicable regulations. Situated on a generous 0.28-acre lot, the property features a spacious backyard, storage building, and covered outdoor area for relaxing or entertaining. **NO HOA!** Whether you're searching for a primary residence with flexible living arrangements or an investment property with income potential, this Gainesville home offers space, convenience, and opportunity. **SELLER IS OPEN TO OFFERS! Schedule your showing today and submit your offer!**
Master On Main Level · Other
Range
Central
Central Air
Vinyl
Level
Estimated monthly cost
$1,598/mo
$53,980
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.
| Date | Event | Price |
|---|---|---|
| Aug 31, 2026 | Listed for sale | $310,000 |
Gainesville
Elementary
Gainesville East
Middle
Gainesville
High
School assignments can change — verify with the district before you buy.
Source: Georgia MLS · Updated 12m ago · Nov 11, 2026, 5:45 AM ET

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 11, 2026, 5:45 AM ET
Report a listing problem$269,900
3 bd · 2 ba · 1,175 sqft · House
721 Mill Street SE, Gainesville, GA 30501
Listing by RE/MAX Center
$265,000
Land · 10.4 acres · $25,359/acre
4310 Ledan Extension, Gainesville, GA 30506
Listing by Virtual Properties Realty.com
$275,000
5 bd · 3 ba · 2,254 sqft · House
4230 Belvedere Drive, Gainesville, GA 30506
Listing by eXp Realty
$275,000
Land · 14 acres · $19,643/acre
2911 Burton Circle, Gainesville, GA 30507
Listing by RE/MAX Town & Country
$269,900
4 bd · 2 ba