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1203 NW 12th Avenue

GAINESVILLE, FL 32601
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Bed 5

Bed

Bath 5

Bath

SqFt2,995

Sqft

Acres0.22

Acre(Lot)

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, resta urants, 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.

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Detail Ic Property Details

Property Type : Residential

Price : $599,777

AD Id : 76813188

MLS Id : MFRGC539204

Beds : 5

Lot Size : 0.22 Acre

Living Area Size : 2,995

Year Built : 1941

County : Alachua

Subdivision: Spring Park Sub

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 5 Full Baths: 5

    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 Roof: Shingle Appliances: Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Ceramic Tile, Luxury Vinyl, Vinyl Construction Materials: Block, Cedar, Concrete, Frame, Wood Siding
  • Heating & Cooling

    Heating: Central, Electric Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1941
  • Exterior Features

    Awning(s), French Doors, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage Construction Materials: Block, Cedar, Concrete, Frame, Wood Siding Foundation Details: Block, Crawlspace Road Responsibility: Public Maintained Road

  • Lot Information

    Lot Square Feet: 9696 Lot Acres: 0.22 Lot Size (SqMt): 901

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$679000

  • Tax Information

    Tax Book Number: D-13 Tax Lot: 6 Tax Legal Description: SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528 Annual Tax: $3976 Tax Year: 2025 Parcel Number: 09496-000-000

  • Utility Information

    BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: SPRING PARK SUB City: GAINESVILLE Direction: From University Ave and NW 13th st, head North to 12th Ave, turn right and triplex will be at the intersection of 12th Ave and 12th St on the right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1503 SE 28th Place, Gainesville, FL, 32601 $229,900 3 1 1,288 1,288 SqFt
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1318 NE 14th Street, Gainesville, FL, 32601 $295,000 4 2 1,705 1,705 SqFt
1507 NE 12th Terrace, Gainesville, FL, 32601 $249,990 3 2 1,131 1,131 SqFt
1015 SE 10th Terrace, Gainesville, FL, 32601 $225,000 3 1 1,324 1,324 SqFt
1015 SE 10th Terrace, Gainesville, FL, 32601 $225,000 3 1 1,324 1,324 SqFt
1115 NE 5th Place, Gainesville, FL, 32601 $299,000 3 2 1,176 1,176 SqFt
1111 SE 6th Avenue, Gainesville, FL, 32601 $220,000 3 2 996 996 SqFt
1030 NE 1st Avenue, Gainesville, FL, 32601 $205,000 3 2 996 996 SqFt
1014 SE 10th Street, Gainesville, FL, 32601 $276,000 3 2 2,400 2,400 SqFt
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ByOwner last updated this listing 08/03/2026 @ 06:20

MLS: MFRMLS #GC539204 LISTED BY: Mark Kjeseth, CORNERSTONE REALTY & MANAGEMENT SERVICES LLC 352-262-4914 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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