240 SW 3RD STREET Gainesville, FL $ 485,000
240 SW 3RD STREET
$ 485,000
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240 SW 3RD STREET

Gainesville, FL, 32601
$ 485,000
Bedrooms4 Baths3.0 Sq 2,215

Monthly Estimate*

$ 2,986

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Multi-Family Home for sale in Gainesville, FL

for $485,000 with 4 bedrooms and 3 full baths. This 2,215 square foot home was built in 1910 on a lot size of 0.21.

Set on a prominent corner in one of Gainesville’s most vibrant and connected pockets, this thoughtfully preserved 1910 duplex offers a rare blend of historic character and enduring functionality. Moments from the University of Florida and surrounded by beloved local restaurants, the location supports both a dynamic lifestyle and consistent rental demand, making this a compelling opportunity for investors and owner occupants alike. The home’s sunny yellow exterior and covered front porch introduce a sense of classic Southern charm, while inside, both residences reflect careful stewardship of the home’s original spirit. Across the two units, a total of four bedrooms and three bathrooms unfold within well considered layouts that balance privacy with livability. Unit A offers a 2 bed 1 bath configuration with a charming private walk up that creates a sense of separation and retreat. The interior carries a cozy, comfortable feel, well suited for quiet living while still benefiting from the energy and accessibility of the surrounding neighborhood. Unit B welcomes with an airy entry that leads into a light-filled living room, where an original fireplace anchors the space with quiet presence. Hardwood floors extend underfoot, honoring the era while offering warmth and continuity. An elegant passthrough connects the living area to a thoughtfully arranged kitchen, creating an easy rhythm for everyday living and gatherings alike. Butcher block counters provide generous workspace above grey cabinetry, while natural light enhances the efficiency of the galley design. A discreet laundry closet on the main level adds convenience without interrupting the flow. The primary suite reflects the proportions and character of early 20th century design, offering a spacious retreat complemented by a charming ensuite bath and an expansive walk in closet. Whether envisioned as an income-producing asset, a dual residence for shared living, or a strategic house hack, this duplex presents flexibility rarely found in such a storied setting. Proximity to campus, strong rental appeal, and timeless architectural character come together in a property that continues to offer both purpose and possibility.

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Multi-Family Active

Price

$ 485,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,555

Style

Duplex

Lot Size

0.21

Year Built

1910

Town/City

Gainesville

County/Region

Alachua

MLS | Web ID

GC538305

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities BB/HS Internet Available Electricity Available Electricity Connected Public Water Connected
Possession Close Of Escrow
Roof Shingle
Zoning CCD
Patio/Porch Features Covered Front Porch Porch Rear Porch
Construction Materials HardiPlank Type Wood Frame
Year Built 1910
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 43200
County Alachua
New Construction false
Property Type Residential Income
Subdivision Name CARLISLE J A &CARLISLE ESTATE LANDS
Garage Y/N false
Status Active
Directions From the intersection of South Main Street and 2nd Ave make a right on SW 2nd Ave. turn left onto SW 3rd St. The duplex will be on the right at the corner of SW 3rd St and SW 3rd Ave.
City GAINESVILLE
Senior Community Y/N false
Number Of Units Total 2
MLS Area 32601 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 9148
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 8555.23
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC538305
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Legal Description CARLISLE ESTATE PB A-54-122 LOT 3 LESS THE W 67.50 FT) OR 5175/3660
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Eating Space In Kitchen Kitchen/Family Room Combo Living Room/Dining Room Combo Window Treatments
Flooring Hardwood
Furnished Y/N Unfurnished
Fireplace Features Wood Burning
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Inside Laundry Closet Laundry Room
Total Bedrooms 4
Total Baths 3
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Exterior
Exterior Amenities Other
Parking Features Driveway Other
Lot Features Corner Lot Sidewalk
Water Source Public
Lot Size Area 9148
Foundation Details Crawlspace
Number of Buildings 1
Building Area Total 2682
Lot Size Acres 0.21
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Real Broker, Llc

Broker

craig@tdynamo.com

Email

Affordability Calculator

$3,699
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,986
Monthly Property Taxes
$713
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$485,000 Listed Price

Map


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240 SW 3RD STREET, Gainesville, FL, 32601 is a Multi-Family Home for sale at $485,000 with 2,215 sqft and a lot size of 0.21. 240 SW 3RD STREET has 4 bedrooms, 3.0 baths, and was built in 1910. The property's zip code is 32601 which is in Gainesville, FL