$180,000
●
Land -
Off Market
1478 Riverside Drive
Gainesville, GA 30501
Studio
0 Bath
$189,293
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
This is your dream corner lot in the heart of Gainesville.
Bring your builder or ask us and we will introduce you to
some. Level lot located within walking distance or a quick
trolley ride to Gainesville's growing downtown square. Close
to restaurants, parks, schools, Lake Lanier, and much more.
Surrounded by historic homes and newer architecture. You will
fall in love with this corner lot on Riverside Drive and Blue Ridge
Drive. No HOA. Utilities in place including city sewer.
Seller is willing to consider owner financing as an option.
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (GAMLS #10157315)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 9, 2023 | Sold | ||
| Sold | |||
| May 8, 2023 | Listed by BHHS Georgia Properties | $190,000 | |
| Listed by BHHS Georgia Properties | |||
| Apr 26, 2023 | No longer available | - | |
| No longer available | |||
| Oct 27, 2022 | No longer available | - | |
| No longer available | |||
| May 26, 2022 | Listed by The Norton Agency | $1,391,012 | |
| Listed by The Norton Agency | |||
| | |||
|
AR Homes would like to introduce our DAVIDSON 1479 PLAN to this beautiful Riverside Drive lot. This TO BE BUILT home has been planned for this lot, but it is not in place and can be completely changed by the Buyer of the lot (the vacant lot is for sale for $200,000 without a home). Our Davidson plan has elongated windows, decorative eaves and a fantastic look. The home will include finishes from the AR Homes Signature Finish level. Located on beautiful Riverside Drive and is convenient to everything Gainesville. The manager has listed the unit size as 5878 square feet.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Gainesville
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Listed by: Core Properties, BHHS Georgia Properties
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10157315
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10157315
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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