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Active3 days listed

1004 Rainey Street, Gainesville, GA 30501

  • 2bd
  • 1ba
  • 920SF
  • 0.17ac lot

Single-family home

List price

$175,000

$190/SF list

Ask about this home

FMLS IDXFMLS #7860409 · Listing Provided By Keller Williams Lanier Partners · 770-503-7070 · Listing agent Allen Dellinger

Location

1004 Rainey Street, Gainesville GA 30501

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About this home

Investment opportunity in the heart of Gainesville! This 2-bedroom, 1-bath home offers approximately 920 square feet of living space and is currently tenant-occupied, generating $900 per month in rental income! Conveniently located near downtown Gainesville, Gainesville High School, Centennial Arts Academy, shopping, dining, and everyday conveniences. With easy access to Northeast Georgia Medical Center, local employment opportunities, and major roadways, this property offers an appealing location for long-term rental potential. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this is an opportunity worth exploring! Please do not disturb the tenant. Showings by appointment only.

How this list price compares in Gainesville

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
2
Full baths
1
Living area
920 SF
Lot size
0.17 acres
Year built
1950
Levels
One
Main-level bedrooms
2
Parking
Driveway, Parking Pad
Style
Ranch
Construction
Other
Roof
Metal
Flooring
Carpet
Heating
Other
Cooling
Other
Appliances
Other
Lot
Corner Lot
HOA
No
Annual tax
$2,070 (2026)
County
Hall

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $175,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$1,436/mo

Principal and interest
$1,073
Property tax
$173
Home insurance
$125
Mortgage insurance
$66
Loan amount
$157,500
Cash down
$17,500

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-29: 30-yr 7.24%, 15-yr 6.6%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Keller Williams Lanier Partners, so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Gainesville?

See the similar homes section on this page, or browse all homes for sale in Gainesville, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

Other property types for sale

Investor research and tools

Thinking about a rental or a building instead? Send Jeff a message.

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