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1511 & 1509 NE 5TH AVE Gainesville, FL $ 220,000
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1511 & 1509 NE 5TH AVE
$ 220,000
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1511 & 1509 NE 5TH AVE

Gainesville, FL, 32641
$ 220,000
Bedrooms4 Baths2.0 Sq 1,587

Monthly Estimate*

$ 1,355

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Apartment for sale in Gainesville, FL

for $220,000 with 4 bedrooms and 2 full baths. This 1,587 square foot apartment was built in 1980 on a lot size of 0.28.

Investors!!! Priced to Sell!!! This NE Gainesville duplex offers a turnkey opportunity for investors seeking immediate cash flow in a high-demand rental market. Unit Configuration: Two identical units, each featuring 2 bedrooms, 1 bathroom, a flex room, a living room, and a full kitchen. Low-maintenance flooring with tile floors—no carpets. Size: Approximately 793.5 sq. ft. each side (1,587 total sq. ft.). Outdoor Space: Oversized backyard that backs directly onto a public playground, providing a rare amenity for families. Fully fenced in. Immediate Income: Both units are currently occupied, allowing for a seamless transition of rental revenue. Prime Location: Proximity to downtown Gainesville, local schools, and major shopping centers ensures long-term tenant desirability. Growth Area: Gainesville's steady rental market is bolstered by its proximity to the University of Florida and regional medical centers. This property is priced right and sold as is! Bring all offers.

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Apartment Active

Price

$ 220,000

Bedrooms

4

Full Bath

2

Property Type

Apartment

Taxes

$ 2,909

Style

1/2 Duplex

Lot Size

0.28

Year Built

1980

Town/City

Gainesville

County/Region

Alachua

MLS | Web ID

GC539885
Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Electricity Connected Sewer Connected Underground Utilities
Roof Shingle
Appliances Electric Water Heater Range Refrigerator
Zoning RC
Construction Materials Block
Pets Allowed Cats OK Dogs OK
Year Built 1980
View Park/Greenbelt
Levels One
Property Subtype 1/2 Duplex
Tax Year 2025
Ownership Fee Simple
County Alachua
New Construction false
Property Type Residential
Subdivision Name NEW GAINESVILLE
Facing Direction Northeast
Garage Y/N false
Total Rooms 4
Full Baths 2
Status Active
Directions Heading on E University towards Hawthorne Rd go to NE 15th St and turn left follow to NE 5th Ave and turn right and the Duplex will be on your right-hand side.
City GAINESVILLE
Senior Community Y/N false
MLS Area 32641 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 12197
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 2909.08
Home Warranty Y/N false
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539885
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 5-6
Legal Description New Gainesville PB A-65 Lots 5 6 BK 3 OR 4928/0093. Lots 5 and 6 Block 3 NEW GAINESVILLE according to the map or Plat thereof as recorded in Plat Book A Page 65 Public Records OF Alachua County Florida
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features None
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Private Entrance Private Mailbox Private Yard
Lot Features Cleared
Water Source Public
Lot Size Area 12197
Foundation Details Slab
Building Area Total 1707
Lot Size Acres 0.28
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Road Frontage Type Street Paved
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* Excluded Features
List By
Exp Realty Llc

Broker

deenaericksonrealtor@gmail.com

Email

Affordability Calculator

$1,597
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,355
Monthly Property Taxes
$242
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
4/29/2026$220,000 Listed Price

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1511 & 1509 NE 5TH AVE, Gainesville, FL, 32641 is a Apartment for sale at $220,000 with 1,587 sqft and a lot size of 0.28. 1511 & 1509 NE 5TH AVE has 4 bedrooms, 2.0 baths, and was built in 1980. The property's zip code is 32641 which is in Gainesville, FL

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