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About This Home

This 0-bedroom, 0-bathroom residential multi family at 920 Cardinal Drive in Gainesville, GA is listed for $1,100,000. Built in 1935, on a 0.57 acres lot.

Agent 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.

Key Features

  • Built in 1935
  • 0.57 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
2 spaces
1935

Amenities

ViewA/C

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

920 Cardinal Drive

Gainesville, GA 30501

Property Details

Flooring

Vinyl

Construction

Vinyl Siding

Views

City

Parking

DrivewayCarport

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 920 Cardinal Drive is listed at $1,100,000. The estimated monthly payment is $4,767 based on 20% down at 6.5% interest.

Key features include: Built in 1935, 0.57 acre lot, 2 stories, 2 parking spaces.

This property is listed by karen Hilliard and can be reached at (770) 663-7291 or khilliard@kw.com.

KH

karen Hilliard

Agent at Keller Williams North Atlanta

(770) 663-7291

Listed by Keller Williams North Atlanta · View on Broker Site

MLS# 7778102· Source: listhub· Updated 17 days ago

Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

920 Cardinal Drive, Gainesville, GA 30501

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