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1235 Riverside Drive Unit H3

Gainesville, GA 30501

4 beds
2.5 baths
2,000 sqft
1,307 sqft lot
$157 per sqft
1969 build
– on site

Prime investment opportunity with an income-producing apartment on the lower level! This exceptional condo offers a rare chance to own a home with a fully finished, income-generating apartment on the terrace level overlooking the sparkling community pool! Perfectly positioned in an unbeatable in-town Gainesville location, you're just moments from grocery stores, medical facilities, Brenau University, shopping, and incredible dining. Walk to Riverside Park and Publix with ease! The main level welcomes you with a spacious living room, kitchen, and dining area, along with a laundry room, half bath, and a charming glass-enclosed sunroom. Upstairs, you'll find three comfortable bedrooms and a shared bathroom. The terrace level has been thoughtfully designed as an independent rental unit, featuring its own private exterior entrance, a bedroom, full bathroom, laundry, and a fully equipped second kitchen. For those seeking multi-generational living, the interior stairwell could easily be reopened, transforming the space into a seamless in-law suite. Whether you're looking for a smart investment, extra rental income, or a versatile living arrangement, this property is a rare find in Gainesville's thriving market. Don't miss out on this exceptional opportunity!

Listing courtesy of GAMLS / Patti Chambers / Keller Williams Lanier Partner

Last checked: Checking… • Last updated Mar 7, 2025 •

MLS# 10463875 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1969
Construction Materials:

Concrete
Architectural Style:

Brick Front, Other
Structure Type:

Other
Unit Number:

H3
Roof:

Composition
Foundation Details:

Block
Levels:

Three Or More
Basement:

Daylight, Finished, Full
Total Finished Area:

2000
Above Grade Finished:

1280
Below Grade Finished:

720
Living Area Source:

Owner
Common Walls:

2+ Common Walls
Window Features:

Double Pane Windows

Interior

Interior Features:

Roommate Plan, Walk-In Closet(s)
Security Features:

Smoke Detector(s)
Flooring:

Carpet, Hardwood, Laminate
Rooms:

Sun Room

Financial & Terms

Home Warranty:

No
Possession:

Negotiable

Location

Latitude:

34.319704
Longitude:

-83.828094

The Property

Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Resale
Exterior Features:

Other
Lot:

X
Lot Features:

Other
Lot Size Acres:

0.03
Lot Size Source:

Public Records
Parcel Number:

01-0075A-00-047
Leased Land:

No
Land Lot:

X
Waterfront Footage:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$345

Beds

Bedrooms:

4
Bed Upper Level:

3
Bed Lower Level:

1

Baths

Full Baths:

2
Lower Level Full Baths:

1
Upper Level Full Baths:

1
Half Baths:

1
Main Half Baths:

1

The Listing

Virtual Tour URL Unbranded:

Virtual Tour
Virtual Tour URL Branded:

Virtual Tour

Heating & Cooling

Heating:

Central, Electric
Cooling:

Central Air, Electric

Utilities

Utilities:

Electricity Available, Sewer Available, Water Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Microwave, Refrigerator
Laundry Features:

In Kitchen

Schools

District:

X
Elementary School:

Enota
Middle School:

Gainesville
High School:

Gainesville

The Community

Subdivision:

On Riverside
Community Features:

Pool, Walk To Public Transit, Walk To Schools, Walk To Shopping
Association:

Yes
Annual Association: Fee

$3,000
Association Fee Includes:

Insurance, Maintenance Exterior, Maintenance Grounds, Pest Control, Sewer, Swimming, Trash, Water

Parking

Parking Features:

None
Parking Total:

1

Monthly cost estimate

Asking price

$315,000

Expense	Monthly cost
Mortgage	$1,686
Taxes	$28
Insurance	$86
HOA fees	$250
Utilities	$183 See report
Total	$2,233/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/21/25 Feb 21, 2025	Listed / Active	GAMLS	$315,000	28.6% (11.9% / YR)
7/20/24 Jul 20, 2024	Listed / Active	FMLS
9/30/22 Sep 30, 2022		FMLS	$245,000	-5.8%

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This condo located in Riverside South, Gainesville, GA 30501 is currently for sale for $315,000. 1235 Riverside Drive Unit H3 is a 2,000 square foot condo with 4 beds and 2.5 baths that has been on Estately for 36 days. 1235 Riverside Drive Unit H3 is in the Riverside South neighborhood of Gainesville and has a WalkScore® of 49, making it car-dependent. This condo is in the attendance area of Gainesville High School, Enota Multiple Intelligences Academy, and Gainesville Middle School East Campus.

Listing Courtesy of: GAMLS and Keller Williams Lanier Partner.

© 2025 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.