FL
Alachua
GAINESVILLE
32601
1203 NW 12TH AVENUE
1203 NW 12TH AVENUE, GAINESVILLE, FL 32601
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Listing Type
Single Family
Listing Status
Active
42
$679,000

Home Details for 1203 NW 12TH AVENUE

Price
$679,000
Type
Residential
Bedrooms
5
Total Bathrooms
5
Full Bathrooms
5
Square feet
2995
Year built
1941
Lot size acres
0.22
County
Alachua
Total rooms
3
Basement
Crawl Space
MLS Listing#
GC539204
Property 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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Electric
  • House Interior
    • Built-in Features
    • Eat-in Kitchen
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • Crawl Space
Listing Courtesy: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC - 352-262-4914
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the 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 or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-04-06 23:50:25
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EXIT COMPASS REALTY
19700 Cochran Blvd Ste C, Port Charlotte, FL 33948
April Tsotsos
License #: SL3447970
Sales Representative
Office
941 889 7299
Agent
941 356 5745
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