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For sale

535 Forrest Avenue, Gainesville, GA 30501

Listing by Resource Brokers, LLC

Beds
—
Baths
—
Sq ft
—
Lot
0.63 acres

About this home

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.

Type
Multi Family
Year built
1978
HOA
None
Garage
—
Property tax (2025)
$35,932/yr
Listed
—
MLS #
10721645

Features

Heating

Central

Cooling

Ceiling Fan(s) · Central Air

Property details

Interior

Levels:
Multi/Split

Exterior and lot

Lot size:
0.63 acres

Construction

Construction materials:
Other
Property condition:
Updated/Remodeled

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Other

Parking

Parking total:
10
Parking features:
Side/Rear Entrance

Community and HOA

HOA:
No
Community features:
Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping

Taxes and financial

Annual tax amount:
$35,932 (2025)

Monthly cost

Estimated monthly cost

$16,016/mo

Principal & interest
$11,822
Property taxes
$2,994
Home insurance
$1,200

$480,000

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
Apr 14, 2026Listed for sale$2,400,000

Schools

  • Centennial

    Elementary

  • Gainesville East

    Middle

  • Gainesville

    High

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

Location

Listing information

Listing office:
Resource Brokers, LLC
Listing ID:
10721645
Status:
For sale

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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