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1424 NE 1st Avenue

GAINESVILLE, FL 32641
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Bed 2

Bed

Bath 1

Bath

SqFt922

Sqft

Acres0.14

Acre(Lot)

One or more photo(s) has been virtually staged. INVESTORS, HOUSE HACKERS, AND FIRST-TIME HOME BUYERS... YOU DON'T WANT TO MISS THIS! Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd. This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find. The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300) Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements. If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss. Seller is motivated. Schedule your private showing today. Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates.

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Detail Ic Property Details

Property Type : Residential

Price : $164,900

AD Id : 77668789

MLS Id : MFRGC539656

Beds : 2

Lot Size : 0.14 Acre

Living Area Size : 922

Year Built : 1947

County : Alachua

Subdivision: Lakeway Grove-in New Gv

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Interior Features

    Ninguno Roof: Shingle Appliances: Built-In Oven, Cooktop, Electric Water Heater, Freezer, Refrigerator Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Vinyl Construction Materials: Frame
  • Heating & Cooling

    Heating: Electric Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1947
  • Exterior Features

    None Construction Materials: Frame Foundation Details: Crawlspace Road Responsibility: Public Maintained Road

  • Lot Information

    Lot Square Feet: 6098 Lot Acres: 0.14 Lot Size (SqMt): 567

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Traditional

  • Listing Price Information

    Original List Price:$182500

  • Tax Information

    Tax Book Number: C-14 Tax Lot: 3 Tax Legal Description: LAKEWAY GROVES PB C-14 LOT 3 BK B OR 1313/411 Annual Tax: $1591 Tax Year: 2025 Parcel Number: 11711-000-000

  • School Information

    Elementary School: Marjorie Kinnan Rawlings Elementary School-AL Junior High School: Westwood Middle School-AL Senior High School: Gainesville High School-AL
  • Utility Information

    Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: LAKEWAY GROVE-IN NEW GV City: GAINESVILLE Direction: From the University of Florida, head east on E University Ave. Continue straight to NE 13th St and turn left. Then turn right onto NE 1st Ave. The property will be on your right at 1424 NE 1st Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
11828 NE 7th Avenue, Gainesville, FL, 32641 $259,900 3 2 1,312 1,312 SqFt
7622 SE County Road 234, Gainesville, FL, 32641 $449,000 3 2 1,812 1,812 SqFt
430 SE 74th Street, Gainesville, FL, 32641 $155,000 2 1 955 955 SqFt
2211 SE 51st Street, Gainesville, FL, 32641 $149,900 2 1 624 624 SqFt
2100 SE 50th Street, Gainesville, FL, 32641 $238,999 3 1 1,652 1,652 SqFt
1806 SE 50th Street, Gainesville, FL, 32641 $5,000 4 2 1,583 1,583 SqFt
312 SE 49th Drive, Gainesville, FL, 32641 $270,000 4 3 1,805 1,805 SqFt
4808 NE 3rd Place, Gainesville, FL, 32641 $169,000 3 1 936 936 SqFt
2027 SE 45 Terrace, Gainesville, FL, 32641 $275,000 3 2 1,508 1,508 SqFt
2019 SE 45 Terrace, Gainesville, FL, 32641 $260,000 3 2 1,368 1,368 SqFt
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ByOwner last updated this listing 06/17/2026 @ 18:20

MLS: MFRMLS #GC539656 LISTED BY: Austin Young, ARIUM REAL ESTATE, LLC 321-209-0828 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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