Residential Property - Single Family Residence in Gainesville
Listing Price: $650,000
Description of Property
Investor Special in Prime Downtown Gainesville! Rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville! Located at 228 and 232 N.W. 4th Ave., this income-producing package features a single-family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment. 228 N.W. 4th Ave. is a charming single-family home featuring a fenced-in backyard, perfect for added privacy or outdoor entertaining. 232 N.W. 4th Ave. is a duplex, with each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch. Currently, two of the three units are tenant-occupied, providing immediate rental income as you plan your improvements. The property is zoned for multi-family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parcel—adding even more flexibility and value for future resale or financing options. While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment opportunity. Opportunities like this in the downtown core are rare—schedule your showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Gainesville
County: Alachua
Subdivision: Brush Add To Gville
Bedrooms: 5
Bathrooms: 3
Sq. Ft. Gross: 2,850
Sq. Ft. Living Area: 2,498
Cost per (heated) sqare foot: $260
Year built: 1949
Annual Tax: $4,766
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
- Cooktop
- Electric Water Heater
- Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Tile, Hardwood
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Wood Frame
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Sidewalk
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Wall Units / Window Unit
Electric:
Patio & Porch Features:
Security Features:
Other Structures: Additional Single Family Home
View:
Fencing:
Utilities:
- Electricity Connected
- Sewer Connected
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.2
Lot Size (sq. ft.): 8,712 square feet
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 14228000000
Zoning: RC
Tax Legal Desc.: BRUSH ADDN DB O-218 BK 16 PLAT OF BK 16 PB A-88 W 1/2 OF LOT 5 & E 40 FT OF LOT 8 OR 4482/0243
Section: 5
Range: 20
Listing courtesy of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
