1509 NE 5th Ave, Gainesville, FL 32641

Gainesville
Local realty services provided by:ERA Advantage Realty, Inc.
1509 NE 5th Ave,Gainesville, FL 32641
$220,000
Virtual Tour
  • 12 Beds
  • 4 Baths
  • 1,587 sq. ft.
  • Multi-family
  • Pending
Listed by: deena erickson-klacko
Office: exp realty llc.
MLS#:GC542741
Source:MFRMLS

Price summary

  • Price:$220,000
  • Price per sq. ft.:$128.88

About this home

Investors!!! Priced to Sell!!! This NE Gainesville duplex offers a turnkey opportunity for investors seeking immediate cash flow in a high-demand rental market. Unit Configuration: Two identical units, each featuring 2 bedrooms, 1 bathroom, a flex room, a living room, and a full kitchen. Low-maintenance flooring with tile floors—no carpets. Size: Approximately 793.5 sq. ft. each side (1,587 total sq. ft.). Outdoor Space: Oversized backyard that backs directly onto a public playground, providing a rare amenity for families. Fully fenced in. Immediate Income: Both units are currently occupied, allowing for a seamless transition of rental revenue. Prime Location: Proximity to downtown Gainesville, local schools, and major shopping centers ensures long-term tenant desirability. Growth Area: Gainesville's steady rental market is bolstered by its proximity to the University of Florida and regional medical centers. This property is priced right and sold as is! Bring all offers.

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Home facts

  • Year built:1980
  • Subdivision & Development:NEW GAINESVILLE
  • Listing ID #:GC542741
  • Added:2 day(s) ago
  • Updated:August 17, 2026 at 11:12 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Flooring:Tile, Vinyl
  • Kitchen Description:Range, Refrigerator
  • Living area:1,587 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1980
  • Building area:1,587 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Paved
  • Construction Materials:Block
  • Exterior Features:Private Mailbox
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$220,000
  • Price per sq. ft.:$128.88
  • Tax amount:$2,909 (2025)

Features and amenities

  • Appliances:Electric Water Heater, Range, Refrigerator
  • Amenities:Ceiling Fans(s), Underground Utilities
  • Pool features:Public Pool
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