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List Price $1,100,000
Units 4
Price / Unit $275,000

High-demand multifamily opportunity in Gainesville, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

920 Cardinal Drive Gainesville, GA 30501
FMLS Data last updated: July 7, 2026 at 3:42 PM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Owner financing option available. Rare turnkey investment opportunity featuring 3 properties with 4 total homes being sold together as a bundle in the heart of Downtown Gainesville for $1,100,000. Please do not disturb tenants. With three of the four homes currently tenant occupied and the remaining units fully renovated and ready for tenants, this package offers immediate income potential in one of Gainesville’s fastest-growing areas. Conveniently located within walking distance to Gainesville High School, downtown Gainesville, restaurants, shopping, and entertainment, these properties provide excellent long-term appreciation and cash flow opportunities. 920 Cardinal Drive features a completely renovated duplex with an upper unit offering 3 bedrooms, 2 baths, and laundry that is currently vacant with projected rent of $1,600 per month. The lower level offers 2 bedrooms, 1 bath, a full kitchen, laundry connections, and is rent-ready with projected rent of $1,500 per month. Also included on the same property is an additional single-family home at 922 Rosewood Drive featuring 2 bedrooms and 1 bath currently tenant occupied at $1,300 per month. 235 Ridgewood Avenue offers a fully renovated 3 bedroom, 2 bath home with granite countertops, stainless steel appliances, and modern finishes throughout, currently rented for $1,800 per month and ideally located near Mellow Mushroom and ongoing downtown Gainesville redevelopment. 1091 Riverside Terrace features a renovated 2 bedroom, 1 bath home with updated kitchen and baths, currently rented for $1,700 per month, and positioned directly behind newly developed townhomes near Longstreet Restaurant. This is a unique opportunity to acquire multiple renovated income-producing properties in prime Downtown Gainesville locations with strong rental demand and future growth potential. Showings by appointment only.
Investment Context for Gainesville Multifamily:
  • Located in the Gainesville, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $275,000 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income 📊 Gross Modeled
Est. NOI Estimated
Est. Year 1 Cash Flow after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

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.

MLS ID: 7778102 • Listing courtesy of Keller Williams North Atlanta, karen Hilliard • 770-663-7291

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed