USAFLGainesvilleSpring Park Sub1203 12Th Ave

1203 12Th Ave, Gainesville, FL

House

For Sale

Listed price in listed location currency (USD).

$679,000

550

MLS® GC539204

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2995 sqft

Garage

Taxes $3,976

Days Active 1

Lot Size

Approx. Age 1941

Avg. Price Per Sqft $226

MLS® Number GC539204

Property Address: 1203 12th Ave, GAINESVILLE, FL, 32601-4678

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberGC539204

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1941

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 6, 2026List Date

$679,000List Price

Commute

Commute

Starting Address

Destination Address

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