1203 12Th Avenue Nw, Gainesville, FL 32601
For Sale $500,000
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Contact the Listing Agent directly:
Listing Agent: Mark Kjeseth
Agent Phone:
352-949-6677
Agent Email:
mark@cmsflorida.com
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Price Reduced and offered below recent appraised value! Seller is considering all reasonable offers. This exceptional income-producing property offers a rare opportunity for investors, developers, or buyers seeking a versatile multi-family property near the University of Florida and UF Health Shands Hospital. Officially designated as a triplex, the property is currently configured as four income-producing units and is zoned for both commercial and residential use, creating immediate rental income with outstanding long-term investment and redevelopment potential. Situated on a prominent corner parcel in one of Gainesville's most desirable rental corridors, this property enjoys convenient access to the University of Florida, UF Health Shands Hospital, downtown Gainesville, shopping, restaurants, parks, public transportation, and major employers. Its central location continues to attract students, medical professionals, faculty, traveling nurses, and long-term residents, contributing to consistent rental demand and year-over-year income growth. The flexible floor plan offers multiple income opportunities. Unit A features a one-bedroom, one-bath apartment with dual entrances to the kitchen and living room. Unit B offers an updated two-bedroom, two-bath apartment with modern finishes. Unit C is currently configured as two separate one-bedroom, one-bath apartments with private entrances but can easily be converted back into a spacious two-bedroom, two-bath residence with French doors leading to a private outdoor space. This flexibility allows the property to accommodate a variety of rental strategies. Significant capital improvements were completed in 2019, including a new roof, updated electrical systems, and new HVAC systems, helping reduce future maintenance costs. Additional features include three separate GRU electric meters, three storage sheds providing ample storage, extensive privacy fencing, new fencing in the rear and alongside Unit A. Whether the goal is expanding an investment portfolio, generating immediate rental income, providing student or medical housing, or exploring future redevelopment opportunities, this property offers exceptional versatility. The commercial and residential zoning provides flexibility that is increasingly difficult to find this close to the University of Florida and UF Health Shands Hospital. Properties offering multiple income streams, updated major systems, flexible unit configurations, and redevelopment potential in this location are rare. This Gainesville investment combines location, cash flow, and future upside, making it an outstanding opportunity for investors seeking a multi-family property in one of North Central Florida's strongest rental markets.
Built-in Features
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Thermostat
Window Treatments
Taxes: $3,976.00
Tax Year: 2025
Awning(s)
Lighting
Private Entrance
Private Mailbox
Private Yard
Storage
Disposal
Dryer
Electric Water Heater
Ice Maker
Range
Refrigerator
Washer
MLS Area: 32601 - Gainesville
Total Square Footage: 2,995
Price per Square Feet: $166.94
Water: Public
Construction: Block, Cedar, Concrete, Frame, Wood Siding
Date Listed: 2026-04-06 00:00:00
Furnished: Negotiable
Flooring: Ceramic Tile, Luxury Vinyl, Vinyl
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup
Sewer: Public Sewer
Parcel ID: 09496-000-000
Listing Courtesy Of: Cornerstone Realty & Management Services Llc
mark@cmsflorida.com
Price Reduced and offered below recent appraised value! Seller is considering all reasonable offers. This exceptional income-producing property offers a rare opportunity for investors, developers, or buyers seeking a versatile multi-family property near the University of Florida and UF Health Shands Hospital. Officially designated as a triplex, the property is currently configured as four income-producing units and is zoned for both commercial and residential use, creating immediate rental income with outstanding long-term investment and redevelopment potential. Situated on a prominent corner parcel in one of Gainesville's most desirable rental corridors, this property enjoys convenient access to the University of Florida, UF Health Shands Hospital, downtown Gainesville, shopping, restaurants, parks, public transportation, and major employers. Its central location continues to attract students, medical professionals, faculty, traveling nurses, and long-term residents, contributing to consistent rental demand and year-over-year income growth. The flexible floor plan offers multiple income opportunities. Unit A features a one-bedroom, one-bath apartment with dual entrances to the kitchen and living room. Unit B offers an updated two-bedroom, two-bath apartment with modern finishes. Unit C is currently configured as two separate one-bedroom, one-bath apartments with private entrances but can easily be converted back into a spacious two-bedroom, two-bath residence with French doors leading to a private outdoor space. This flexibility allows the property to accommodate a variety of rental strategies. Significant capital improvements were completed in 2019, including a new roof, updated electrical systems, and new HVAC systems, helping reduce future maintenance costs. Additional features include three separate GRU electric meters, three storage sheds providing ample storage, extensive privacy fencing, new fencing in the rear and alongside Unit A. Whether the goal is expanding an investment portfolio, generating immediate rental income, providing student or medical housing, or exploring future redevelopment opportunities, this property offers exceptional versatility. The commercial and residential zoning provides flexibility that is increasingly difficult to find this close to the University of Florida and UF Health Shands Hospital. Properties offering multiple income streams, updated major systems, flexible unit configurations, and redevelopment potential in this location are rare. This Gainesville investment combines location, cash flow, and future upside, making it an outstanding opportunity for investors seeking a multi-family property in one of North Central Florida's strongest rental markets.
Property Details
Price: $500,000
Sq Ft: 2,995
($167 per
sqft)
Bedrooms: 5
Bathrooms: 5
City: Gainesville
County: Alachua
Type: Single Family
Development: Spring Park
Subdivision: Spring Park Sub
Acres: 0.2200
Virtual Tour/Floorplan: View
Year Built: 1941
Listing Number: GC539204
Status Code: A-Active
Taxes: $3,976.00
Tax Year: 2025
Garage:
Furnishings: Negotiable
Interior Features:
Built-in Features
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Thermostat
Window Treatments
Financial Information:
Taxes: $3,976.00
Tax Year: 2025
Exterior Features:
Awning(s)
Lighting
Private Entrance
Private Mailbox
Private Yard
Storage
Equipment:
Disposal
Dryer
Electric Water Heater
Ice Maker
Range
Refrigerator
Washer
Additional Information:
MLS Area: 32601 - Gainesville
Total Square Footage: 2,995
Price per Square Feet: $166.94
Water: Public
Construction: Block, Cedar, Concrete, Frame, Wood Siding
Date Listed: 2026-04-06 00:00:00
Furnished: Negotiable
Flooring: Ceramic Tile, Luxury Vinyl, Vinyl
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup
Sewer: Public Sewer
Parcel ID: 09496-000-000
Map of 1203 12Th Avenue Nw, Gainesville, FL 32601
Listing Courtesy Of: Cornerstone Realty & Management Services Llc
mark@cmsflorida.com