Asking Price
$ 679,000Status
Active1203 NW 12TH AVENUE
GAINESVILLE, FL,32601, SPRING PARK SUB
Overview
5 Bedrooms
5 Bathrooms
Garage
2,995 sqft
Year Built: 1941
School Nearby
Description
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. 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.
Features
Status: Active
Beds: 5
Baths: 5
Square Footage: 2,995 Sq. Ft
HOA Fee: -
Property Type: Single Family Residence
MLS Number: GC539204
Days on Market: -
Year Built: 1941
Lot Size:
County: Alachua
Taxes: $3,976.00
Address
1203 NW 12TH AVENUE , GAINESVILLE ,FL
Listing provided by: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC, 352-262-4914
Asking Price
$679,000Status
ActiveSimilar Properties
Based on information submitted to the MLS GRID as of 04/06/2026 22:48. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.