228 & 232 NW 4th Avenue, GAINESVILLE, FL 32601
Local realty services provided by:Gulf Shores Realty ERA Powered



228 & 232 NW 4th Avenue,GAINESVILLE, FL 32601
$650,000
- 5 Beds
- 3 Baths
- 2,498 sq. ft.
- Single family
- Active
Listed by:zoma de las estrellas
Office:keller williams gainesville realty partners
MLS#:GC530419
Source:MFRMLS
Price summary
- Price:$650,000
- Price per sq. ft.:$228.07
About this home
You must see this 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 (through end of July), providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! 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 option. Opportuities like this in the downtown core are rare—schedule your showing today!
Contact an agent
Home facts
- Year built:1949
- Listing Id #:GC530419
- Added:111 day(s) ago
- Updated:August 14, 2025 at 12:04 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,498 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1949
- Building area:2,498 sq. ft.
- Lot area:0.2 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$228.07
- Tax amount:$4,766 (2024)
New listings near 228 & 232 NW 4th Avenue
- New$132,000Active2 beds 2 baths900 sq. ft.
3924 SW 26th Drive #3, GAINESVILLE, FL 32607
MLS# GC533393Listed by: HEAVENLY BLESSINGS REALTY, LLC - New$155,000Active3 beds 2 baths1,290 sq. ft.
315 SW 54th Drive, GAINESVILLE, FL 32607
MLS# GC533212Listed by: BOSSHARDT REALTY SERVICES LLC - New$380,000Active0.22 Acres
534 & 580 NW 7th Terrace, GAINESVILLE, FL 32601
MLS# GC533379Listed by: UNIVERSITY REALTY - New$102,500Active1 beds 1 baths702 sq. ft.
6519 W Newberry Road #1210, GAINESVILLE, FL 32605
MLS# GC533358Listed by: ZORI REALTY - New$80,000Active3 beds 1 baths1,040 sq. ft.
2505 NE 35th Street, GAINESVILLE, FL 32641
MLS# GC533295Listed by: KELLER WILLIAMS GAINESVILLE REALTY PARTNERS - New$360,000Active4 beds 2 baths1,210 sq. ft.
716 NE 10th Avenue, GAINESVILLE, FL 32601
MLS# GC533282Listed by: MILLER REAL ESTATE - New$195,000Active4 beds 4 baths1,312 sq. ft.
3921 SW 34th Street #208, GAINESVILLE, FL 32608
MLS# GC533374Listed by: BOSSHARDT REALTY SERVICES LLC - New$364,900Active3 beds 2 baths1,900 sq. ft.
821 NW 39th Street, GAINESVILLE, FL 32605
MLS# GC533279Listed by: BHGRE THOMAS GROUP - New$974,900Active4 beds 5 baths3,219 sq. ft.
3474 SW 109th Drive, GAINESVILLE, FL 32608
MLS# GC533220Listed by: KELLER WILLIAMS GAINESVILLE REALTY PARTNERS - New$459,000Active4 beds 3 baths2,123 sq. ft.
6450 SW 77th Street, Gainesville, FL 32608
MLS# R11116391Listed by: RE/MAX MASTERPIECE REALTY