3 & 5 Indianola Drive Gainesville, GA $ 610,000
3 & 5 Indianola Drive
$ 610,000
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3 & 5 Indianola Drive

Gainesville, GA, 30501
$ 610,000
Baths0.0

Monthly Estimate*

$ 3,806

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Studio

Multi-Family Home for sale in Gainesville, GA

for $610,000. This home was built in 1965 on a lot size of 3.6.

Rare opportunity to own two beautifully renovated homes situated on 3.6 acres just 1.5 miles from GainesvilleCOs historic district. Ideal for investors, multi-generational living, or homeowners seeking to live in one home while renting out the other, this unique property offers flexibility and income potential. Each home features 3 bedrooms and 2 bathrooms, with approximately 1,500 square feet of living space. Recent updates include hardwood flooring, tile bathrooms, modern kitchens, separate laundry rooms, and fresh, lush landscaping. Both homes have new roofs and updated systems, offering peace of mind and move-in-ready convenience. With no HOA or restrictions, youCOll enjoy the freedom to make the property work for your lifestyle or investment goals. Currently, #5 has become recently vacant, #3 is rented for $1,875 per month, making this a truly income-producing property with proven returns. DonCOt miss this exceptional in-town opportunity!

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Multi-Family Active

Price

$ 610,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 996

Style

Multi Family,Duplex

Lot Size

3.6

Year Built

1965

Town/City

Gainesville

County/Region

Hall

MLS | Web ID

10498896

Features
General
Sewer Septic Tank
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Individual Meters Water Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1965
Levels One
Property Subtype Multi Family Duplex
Tax Year 2024
Gross Income 0
Community Features None
County Hall
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
MaintenanceExpense 0
Subdivision Name None
Garage Y/N N
Status Active
Directions Use GPS
High School Gainesville
City Gainesville
Body of Water None
Senior Community Y/N N
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 156816
Carport Y/N N
Elementary School Gainesville
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 996
Electric Expense 0
Home Warranty Y/N N
Fuel Expense 0
Middle/Junior High School Gainesville
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Parking Pad
Water Source Public
Total Parking 2
Lot Size Area 3.6
Spa N
Lot Size Acres 3.6
Lot Size Source Public Records
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Excalibur Homes, Llc

Broker

cgeiger@excalhomes.com

Email

Affordability Calculator

$3,889
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,806
Monthly Property Taxes
$83
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4136665 Elementary School
4135517 Middle School
Gainesville High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$610,000 -2.09% Price Down
7/17/2025$623,000 -1.89% Price Down
5/24/2025$635,000 -2.31% Price Down
4/11/2025$650,000 Listed Price

Map


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3 & 5 Indianola Drive, Gainesville, GA, 30501 is a Multi-Family Home for sale at $610,000 with a lot size of 3.6. 3 & 5 Indianola Drive is a studio with 0.0 baths and was built in 1965. The property's zip code is 30501 which is in Gainesville, GA