Multifamily

535 Forrest Ave

Gainesville, GA 30501

Location

535 Forrest Ave, Gainesville GA 30501

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List Price$2,400,000
9 Units$266,667 per unit
Published yieldsYields UnpublishedRent coverage 22% — yields unpublished
IncompleteListing evidence · class C
Rents2 / 9 units
Who paysWater unknown · 7 units unknown
Occupancy100% present
FinancialsMLS GI/NOI empty · Tax $35,932 (2025)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7744074
Listing Provided By Resource Brokers, LLC. · 770-540-7881
Description

Property Description

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 facts

From this record

  • Incomplete — 2 of 9 unit rents
  • Remarks occupancy 100%

9 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30501, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 122$1,700$1,550-$150NNNYY
Unit 232$1,850$1,870+$20NNYYY
Unit 3—————————
Unit 4—————————
Unit 5—————————
Unit 6—————————
Unit 7—————————
Unit 8—————————
Unit 9—————————
Total2 of 9 units with rent$3,550Y = owner-paid · — = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. 2 of 9 rents in FMLS — GPI blank. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished — thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

Jeff’s Investment Take

Market data · October 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete — 2 of 9 unit rents
  • Remarks occupancy 100%
Directional local contextHall County

Thin sample for this geography. Treat medians as orientation only — verify with current rent roll and comps.

Med. close $/door$191,0003 closed · 12 mo
Med. asking rent$1,450
Months of supply32.0Active ÷ (12-mo closed ÷ 12)
County sold gross7.9%Rent ÷ close · T12 sold tape
County asking gross8.9%Rent ÷ list · live asks
County sold NOI cap6.3%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions, with directional local / North Georgia context. DSCR and cash-on-cash use commercial terms (30% down / 7% / 25-yr amort) for 5+ units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 22% — yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.