$2,400,000

Estimated payment $15,806/month

Total Views 2,316
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.63 Acre Lot
  • No HOA
  • Ceiling Fan
  • Property is near public transit, schools, and shops
  • Central Heating and Cooling System

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.

Listing Agent

Lesile White

Resource Brokers, LLC License #310047 Listed on: 03/31/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,932

Year Built

  • Built in 1978 | Remodeled

Interior Spaces

  • Multi-Level Property
  • Ceiling Fan

Parking

  • 10 Parking Spaces
  • Side or Rear Entrance to Parking

Schools

  • Centennial Elementary School
  • Gainesville East Middle School
  • Gainesville High School

Additional Features

  • 27,443 Sq Ft Lot
  • Property is near public transit, schools, and shops
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 9 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,932

Year Built

Built in 1978 | Remodeled

Lot Details

0.63 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1978
  • Levels: Multi/Split
  • Lot Size Acres: .63
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Other
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Side/Rear Entrance
  • ParkingTotal: 10

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Centennial
  • High School: Gainesville
  • Middle School: Gainesville East

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2025
  • Tax Annual Amount: 35932

Multi Family

  • NumberOfUnitsTotal: 9

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,755 $662,120 $35,520 $626,600
2024 $17,584 $614,000 $105,870 $508,130
2023 $2,463 $614,000 $105,870 $508,130
2022 $2,893 $206,000 $35,520 $170,480
2021 $1,567 $206,000 $35,520 $170,480
2020 $9,048 $206,000 $35,520 $170,480
2019 $6,833 $192,960 $22,480 $170,480
2018 $1,328 $192,960 $22,480 $170,480
2017 $1,501 $192,960 $22,480 $170,480
2016 $5,845 $192,960 $22,480 $170,480
2015 -- $192,960 $22,480 $170,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 For Sale $2,400,000 0.0% --
04/09/2024 04/09/24 Price Changed $1,450 -6.5% $1 / Sq Ft
03/06/2024 03/06/24 Price Changed $1,550 +6.9% $2 / Sq Ft
01/24/2024 01/24/24 Price Changed $1,450 -6.5% $1 / Sq Ft
09/16/2023 09/16/23 Price Changed $1,550 -8.6% $2 / Sq Ft
09/13/2023 09/13/23 Price Changed $1,695 +16.9% $2 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,450 -14.5% $1 / Sq Ft
08/08/2023 08/08/23 For Rent $1,695 0.0% --
07/13/2023 07/13/23 Price Changed $1,695 +21.5% $2 / Sq Ft
07/13/2023 07/13/23 For Rent $1,395 0.0% --
06/19/2023 06/19/23 For Rent $1,395 0.0% --
05/19/2023 05/19/23 Price Changed $1,395 -3.8% $1 / Sq Ft
05/15/2023 05/15/23 For Rent $1,450 -- --
Source: Georgia MLS

Source: Georgia MLS

MLS Number: 10721645

Georgia MLS
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