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Property profile & analytics
OFF-MARKET
Residential income homes

520 Washington St Gainesville, GA 30501

15,180 SF 0.86 ac lot Built 2024
Entity Owned 1-yr Hold
Property ID
US22-1318512
Property summary
AI-generated overview

This exceptional investment opportunity presents a 10-unit, Class A multifamily portfolio in Gainesville, GA, totaling 15,180 square feet on a 0.86-acre lot. Built in 2024, this property offers five three-story buildings, each featuring two-car parking. The portfolio consists of ten three-bedroom, 2.5-bathroom townhomes, each with a 20x20 private courtyard and gas fireplace. High-end finishes include gourmet kitchens with gas stoves and stainless steel appliances, and luxury bathrooms. Exterior aesthetics are enhanced by brick or stone facades. The property is strategically located minutes from Northeast Georgia Medical Center and Brenau University, offering convenient access to healthcare professionals and students. Its proximity to downtown Gainesville provides residents with easy access to shopping, dining, and entertainment. The unique community atmosphere is enhanced by the hourly chime of nearby church bells. Units are spaced 36 feet apart, ensuring tenant privacy. This sale-leaseback opportunity offers a compelling investment with a price per unit of $370,000 and a total asking price of $3,700,000. The price per square foot is $243.74. The permitted zoning is NB.

Property profile
Verified
Property type Residential income homes
Year built 2024
Total area 15,180 SF
Lot 0.86 ac (37,462 SF)
UPID US22-1318512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Galley Ct LLC · 1 yrs held
Galley Ct LLC
since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2023
Price N/A
2023
Price N/A
2019
$240,000
2018
$200,000
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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