About This Home

This 2-bedroom, 1-bathroom single family at 1004 Rainey Street in Gainesville, GA is listed for $175,000 ($190 per sqft). Built in 1950, the home offers 920 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1950
  • 0.17 acre lot

Property Details

1 story
1 full
1950

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$936/mo

20% down · 6.5% · 30 years

Principal$127
Interest$758
Insurance$51

Estimates only. Actual payments may vary.

Location

1004 Rainey Street

Gainesville, GA 30501

Property Details

Flooring

Carpet

Questions & Answers

This 2-bedroom, 1-bathroom single family at 1004 Rainey Street is listed at $175,000 ($190/sqft). The estimated monthly payment is $936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.17 acre lot.

This property is listed by Allen Dellinger.

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Allen Dellinger

Agent at Keller Williams Realty Lanier Partners

Listed by Keller Williams Realty Lanier Partners · Broker phone: (770) 503-7070 · View on Broker Site · Broker website

MLS# 10880435· Source: Georgia Multiple Listing Service· 3 days on PropertySimple

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

1004 Rainey Street, Gainesville, GA 30501

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