1203 NW 12th Avenue, Gainesville, FL 32601
Local realty services provided by:ERA Advantage Realty, Inc.
Listed by: mark kjeseth
Office: cornerstone realty & management services llc.
MLS#:GC539204
Source:MFRMLS
Price summary
- Price:$619,000
- Price per sq. ft.:$206.68
About this home
PRICE REDUCTION~BELOW APPRAISED VALUE!! This is a must see property!! Perfect for multi-family residence. Unique Multi-Family Property with Development Potential | 4 Units in a Triplex Designation | Zoned Commercial & Residential. Discover an incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights: Zoning: Commercial and Residential – offering flexible future use and development possibilities. Location: Situated close to UF and Shands, ensuring strong demand for rentals. Income: Consistent year-over-year income growth. Layout & Features: Unit A: 1 bedroom, 1 bathroom apartment with dual entrances to the kitchen and living room. Unit B: 2 bedroom, 2 bathroom apartment with upgraded features. Unit C: Flexible configuration—currently divided into two 1 bedroom, 1 bathroom apartments (upper and lower levels) with separate entrances. Can be converted back to a 2 bedroom, 2 bathroom unit. Features French doors leading to a private back area. Utilities: Three separate GRU electrical meters for
Units A, B and C. Water and Sewer for all units are on Unit C's GRU bill. Upgrades: New roof, electrical, and HVAC systems installed in 2019.
Amenities: Three sheds on the property—one large and two smaller ones—plus extremely tall privacy fencing that surrounds half of the property. Brand new fencing in the back area and side by Unit A.
Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. This property is not only an immediate income generator but also a fantastic long-term investment with development potential. Whether you’re looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Don’t miss out on this exceptional investment in a high-demand area! There are so many possibilities with this gem. Recent residential appraisal above list price....
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Home facts
- Year built:1941
- Listing ID #:GC539204
- Added:90 day(s) ago
- Updated:July 06, 2026 at 12:43 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Ceramic Tile, Luxury Vinyl, Vinyl
- Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
- Kitchen Description:Disposal, Eat-in Kitchen, Ice Maker, Range, Refrigerator, Solid Surface Counters, Solid Wood Cabinets
- Bedroom Description:Split Bedroom
- Basement Description:Block, Crawlspace
- Living area:2,995 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1941
- Building area:2,995 sq. ft.
- Lot area:0.22 Acres
- Construction Materials:Block, Cedar, Concrete, Frame, Wood Siding
- Exterior Features:Awning(s), Lighting, Private Mailbox
- Foundation Description:Block
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$619,000
- Price per sq. ft.:$206.68
- Tax amount:$3,976 (2025)
Features and amenities
- Appliances:Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer, Washer Hookup
- Amenities:BB/HS Internet Available, Built-In Features, Cable Available, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
- Pool features:Public Pool
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