Residential Income Property With
Gainesville, GA 30501 Gainesville, GA 30501
Gainesville, GA, 30501
$265,000
Pending
For Sale
$265,000
Pending
COMMERCIAL - Gainesville, GA
Property Size1,778 SF
Lot Size2.03 Acres
Days on Market234
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- Size
- 1,778 SF
- Lot size
- 2.03 Acres
Building Details
- Year built
- 1957
Listing Agency
Gainesville Office
(770) 536-3007
Roswell, GA
Listed by
Dusty Hulsey · License #404528
(770) 540-6805
Added: Nov 26, 2025 Checked: Jul 18 at 4:06 am
MLS# 10650070
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of 2.03 acres with an existing 2-bedroom, 1-bath home. The home features hardwood floors and is suited for a remodel if you’re looking to reimagine it as a residence or rental. City water is in place, and sewer is available at the street, which can support renovation or future site plans.
The listing is presented as a flexible holding with room to adapt to changing needs. Depending on your approach, the acreage may support development or conversion plans for office or professional use, subject to applicable requirements.
If you’re evaluating a property that combines an existing dwelling with available utilities and meaningful land area, this one on 2.03 acres is designed to give options.
The listing is presented as a flexible holding with room to adapt to changing needs. Depending on your approach, the acreage may support development or conversion plans for office or professional use, subject to applicable requirements.
If you’re evaluating a property that combines an existing dwelling with available utilities and meaningful land area, this one on 2.03 acres is designed to give options.
Key Highlights
- Built in 1957 with a 2BR/1BA home on +/-2.03 acres at 2626 White Sulphur Rd
- City water is available; sewer is available at the street for added utility flexibility
- Hardwood floors in the existing home, ideal for a remodel or update
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $16.44 |
| − Vacancy | −$3.5k | −$1.96 |
| EGI | $25.8k | $14.48 |
| − OpEx | −$11.6k | −$6.52 |
| NOI | $14.2k | $7.97 |
1,778 SF · lease $16.44/SF/yr · vacancy 11.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$202.3K
$177.1K – $236.1K
NOI $14,164 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.9K
$435.7K – $580.9K
NOI $34,855 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Property includes a 2-bedroom, 1-bath home on 2.03 acres with city water and sewer available at the street.
Where is this single family property located?
The property is located at Gainesville, GA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Built in 1957 with a 2BR/1BA home on +/-2.03 acres at 2626 White Sulphur Rd; City water is available; sewer is available at the street for added utility flexibility; Hardwood floors in the existing home, ideal for a remodel or update
