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408 NW 5TH AVENUE Gainesville, FL $ 374,900
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$ 374,900 Get more info
408 NW 5TH AVENUE
$ 374,900
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408 NW 5TH AVENUE

Gainesville, FL, 32601
$ 374,900
Bedrooms4 Baths2.0 Sq 1,560

Monthly Estimate*

$ 2,308

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Multi-Family Home for sale in Gainesville, FL

for $374,900 with 4 bedrooms and 2 full baths. This 1,560 square foot home was built in 1992 on a lot size of 0.2.

This very well maintained duplex is located 3 minutes from the University of Florida in the heart of the Duckpond Historic District! Both units are 2 bedroom/1 bathroom with updated plumbing; currently operated as a short-term rentals, grossing $41,138.30 in the trailing 12 months. Large already cleared lot with plenty of room for development of additional units. Professionally managed, current management would like to continue their services for the incoming buyer. Net income is pro-forma estimate. This is a great opportunity for an investor, owner occupant buyer, and/or a developer.

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Multi-Family Active

Price

$ 374,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,275

Style

Duplex

Lot Size

0.2

Year Built

1992

Town/City

Gainesville

County/Region

Alachua

MLS | Web ID

GC538961
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected
Roof Shingle
Zoning PD
Patio/Porch Features Covered Enclosed Front Porch Screened Side Porch
Construction Materials Wood Frame Wood Siding
Year Built 1992
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Alachua
New Construction false
Property Type Residential Income
Subdivision Name BRUSH ADD TO GVILLE
Garage Y/N false
Status Active
Directions From the major intersection of University Avenue and Main Street in downtown Gainesville head north on Main Street turn left onto NW 5th Avenue; the property at 408 NW 5th Ave will be on your right.
City GAINESVILLE
Senior Community Y/N false
MLS Area 32601 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 8712
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 3275.97
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC538961
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 12
Legal Description BRUSH ADDN DB O-218 BK 26 PLAT IN S 1/2 OF BK 26 PB A-88 LOT 12 OR 3714/1064 & OR 4805/2221 & OR 5003/1729
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 Living Room/Dining Room Combo Stone Counters Thermostat
Flooring Luxury Vinyl Tile
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Inside Laundry Room Washer Hookup
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Fenced Private Entrance Private Yard Storage
Parking Features Curb Parking Driveway Ground Level Off Street On Street
Water Source Public
Lot Size Area 8712
Foundation Details Block
Number of Buildings 1
Lot Size Acres 0.2
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Brg Realty Ventures Llc

Broker

joe@themultifamilyadvisors.com

Email

Affordability Calculator

$2,581
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,308
Monthly Property Taxes
$273
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/31/2026$374,900 Listed Price

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408 NW 5TH AVENUE, Gainesville, FL, 32601 is a Multi-Family Home for sale at $374,900 with 1,560 sqft and a lot size of 0.2. 408 NW 5TH AVENUE has 4 bedrooms, 2.0 baths, and was built in 1992. The property's zip code is 32601 which is in Gainesville, FL

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