Multifamily Land for Sale | 1113 Riverside Ter, Gainesville, GA 30501 Price: $275,000 Lot Size: 0.27 Acres | Zoning: R-II Redevelopment Opportunity in Prime Gainesville Location Unlock the potential of this rare redevelopment property in the heart of Gainesville! This 0.27-acre lot is zoned R-II, allowing for single-family homes, duplexes, townhomes 3 units, condos, or apartments. Currently improved with a 2-bedroom, 1-bath home built in 1953, the structure is not suitable for occupancy and is being sold as-is for redevelopment purposes. Property Highlights R-II Zoning – Multifamily, townhomes, condos, or redevelopment permitted 0.27-acre lot | Sewer connection verified by the City of Gainesville Seller to provide a new survey Two new townhomes under construction next door Assemblage potential – Combine with 1112 Alpine St NE (also for sale) to expand development Location Advantages Just minutes from Downtown Gainesville, Northeast Georgia Medical Center, Brenau University, schools, shopping, and Lake Lanier – all major drivers of housing demand. This property offers an exceptional opportunity for investors, builders, and developers seeking infill projects and growth potential in one of Gainesville’s most active redevelopment corridors. Please note: The conceptual plan applies to 1113 Riverside Ter and 1112 Alpine St. Only three townhomes may be built on 1113 Riverside Ter.
Closed
Zestimate®
$192,000
1113 Riverside Ter, Gainesville, GA 30501
2beds
910sqft
Single Family Residence, Residential
Built in 1950
0.27 Acres Lot
$192,000 Zestimate®
$211/sqft
$1,359 Estimated rent
Home value
$192,000
$182,000 - $202,000
$1,359/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 30, 2025 at 11:06pm
Listing Provided by:
Lourdes Bartlett,
Progressive Realty, LLC.
Bought with:
Meredith Owings, 412261
The Norton Agency
Source: FMLS GA,MLS#: 7628461
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: None
- Level: None
Bedroom
- Features: None
Primary bathroom
- Features: None
Dining room
- Features: None
Kitchen
- Features: Other
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Other
- Laundry: In Hall
Features
- Other
- Flooring: Hardwood
- Windows: None
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 910
- Total interior livable area: 910 sqft
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: None, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.27 Acres
- Features: Other
Details
- Additional structures: None
- Parcel number: 01074 001013A
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Other
- Foundation: None
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: None
Location
- Region: Gainesville
- Subdivision: None
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Sold | $192,000-30.2%$211/sqft |
Source:  FMLS GA #7628461 | ||
| 10/3/2025 | Pending sale | $275,000$302/sqft |
Source:  GAMLS #10577966 | ||
| 8/5/2025 | Listed for sale | $275,000$302/sqft |
Source: GAMLS #10577966 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,164 +6.3% | $76,120 +7% |
| 2023 | $2,037 +25.3% | $71,120 +28.4% |
| 2022 | $1,625 +12.1% | $55,400 +14% |
Find assessor info on the county website
Neighborhood: 30501
Nearby schools
GreatSchools rating
- 5/10Enota Multiple Intelligences AcademyGrades: PK-5Distance: 0.5 mi
- 4/10Gainesville Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Gainesville High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Enota Multiple Intelligences Academy
- Middle: Gainesville East
- High: Gainesville
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$192,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$192,000