For sale

$2,400,000

Est. $16,992/mo —

•

4 ba

•

—

sq ft

535 Forrest Ave, Gainesville, GA 30501

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.

Multi-familyProperty Type

1978Year Built

0.63 acresLot Size

9 spacesParking

Listed by LESLIE WHITE • Resource Brokers, LLC.

Contact: 770-540-7881

Source:FMLS #7744074

Payment calculator

$16,992 per month

Principal and interest$13,098

Property taxes

$2,994

HOA dues

Home insurance

$900

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Centennial Arts Academy

Public PreK-5 • Assigned • 0.8mi

5/10

Gainesville Middle School

Public 6-8 • Assigned • 1.4mi

5/10

Gainesville High School

Public 9-12 • Assigned • 0.8mi

4/10

Provided by GreatSchools

About

Bradford-Ridgewood

Bradford-Ridgewood, located between I-985 and Lake Lanier, is a residential and lakeside Gainesville neighborhood with wooded streets and a low-key, outdoors-forward feel. The neighborhood’s character concentrates around the Dawsonville Highway corridor near Jesse Jewell Parkway, where local diners, tackle-and-boat shops, and practical storefronts set an everyday rhythm. Housing leans toward mid-century ranches and newer infill on curving lots, with pockets of mature tree canopy. Weekends often point toward the water, with marinas and shoreline parks shaping routines. Downtown Gainesville’s arts and dining scene sits a short drive away, adding galleries and live-music nights to the mix.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Insulated windows
Fire alarm
Smoke alarm
Sprinkler system
Accessible bedroom, closets, entrance, full bath and hallways
Updated / remodeled condition

Bedrooms
Unit 1: 2 bedrooms
Unit 2: 3 bedrooms

Bathrooms
Unit 1: 2 bathrooms
Unit 2: 2 full bathrooms and 1 half bathroom

Kitchen
Dishwasher
Microwave
Range / oven
Refrigerator

Laundry & utility
Washer/dryer connections in each unit
Maintenance included for both units

Flooring
Laminate floors
Vinyl floors
Hardwood floors listed for Unit 1

Heating & cooling
Central heating
Central air
Ceiling fans

Sale and tax history for 535 Forrest Ave

Sale History
Tax History

Date

Event

Price

FMLS #7744074

Mar 31, 2026

Listed

$2,400,000

GAMLS #10721645

Mar 31, 2026

Listed

$2,400,000

+19

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.

GAMLS #7192217

Jul 8, 2014

Price Changed

$485,000

Jun 20, 2014

Sold

$485,000

Mar 28, 2014

Pending

—

Mar 28, 2014

Price Changed

$595,000

Jan 28, 2014

Price Changed

$595,000

Dec 4, 2013

Listed

$699,500

GAMLS #7127030

Sep 2, 2013

Listing Removed

—

Jul 16, 2013

Listed

$699,500

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Hall County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 12, 2023.

R-II

Residential District

The R-II Residential District is established to provide for single-family, two-family and multifamily residential development, along with other uses that are compatible with a residential environment such as recreational, educational and religious facilities. This district is intended to implement the following categories of the city's future land use map: urban residential low, including areas containing or planned for urban residential development at a density range of 4 to 5 dwelling units per acre; urban residential medium, including areas containing or planned for urban residential development at a density range of 5 to 10 dwelling units per acre; and urban, high-density residential, including areas containing or planned for urban residential development at a density range of ten to 12 dwelling units per acre.

Permitted uses

Include but are not limited to:

Community / recreation center
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Public service
Educational/school

Historical weather

Gainesville, GA • 30501

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

93/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Gainesville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.3 hrs

7.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 535 Forrest Ave

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Details provided by FMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Mortgage resources

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 535 Forrest Ave

Public record

Historical weather

Sun exposure

Redfin Estimate for 535 Forrest Ave

Early Access listings

Nearby similar homes

New listings for sale in 30501

More real estate resources