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… Read More 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! Read Less
Courtesy of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS 352-240-0600
Listing Snapshot
Days Online
7
Last Updated
Property Type
Single Family Residence
Full Baths
3
Square Ft.
2,498
Lot Size
0.2 Acres
Year Built
1949
MLS Number
GC530419
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Cooktop, Electric Water Heater, Refrigerator
Building
Built in 1949, Living area: 2498, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: Frame
Cooling
Wall/Window Unit(s)
Exterior Features
Sidewalk
Floors
Tile, Wood
Foundation
Crawlspace
Heating
Ductless
Interior Features
Primary Bedroom Main Floor
Laundry
None
Lot
0.2 acres
Property
Other structures: Additional Single Family Home
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 14228-000-000, Public Survey Range: 20, Public Survey Section: 5, Annual Amount: $4,766.11, Tax Book Number: A-88, Legal Description: BRUSH ADDN DB O-218 BK 16 PLAT OF BK 16 PB A-88 W 1/2 OF LOT 5 & E 40 FT OF LOT 8 OR 4482/0243, Lot: 5, Year: 2024, Zoning: RC
Utilities
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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