535 Forrest Ave Gainesville, GA 30501
Bradford-Ridgewood NeighborhoodEstimated payment $15,932/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
MLS Number: 10721645
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
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