1401 NW 5th Avenue, Gainesville, FL 32603

$1,050,000

11 Total Photos [Click to View All]

Property Description

Prime UF Investment Opportunity - 6 Income-Producing 1BR Units Just 4 Blocks from Campus! Wake up and be in the heart of campus in under 5 minutes! This rare opportunity to own six income-generating 1BR/1BA units in the highly desirable U5 zoning district is perfect for investors seeking consistent rental income and long-term appreciation. Located just four blocks from UF's Business School and caddy-corner to the Gate gas station, this property offers unbeatable walkability for students and professionals alike. Five of the six units are currently leased through July 2026, providing immediate and stable cash flow. One unit is currently vacant-ideal for a new owner to renovate or lease at market rate. Whether you're expanding your portfolio or making your first leap into student housing, this property checks all the boxes: location, zoning, and income. Don't miss this rare multifamily gem in one of Gainesville's highest-demand rental corridors.

1401 NW 5th Avenue | MLS# GC532878

This home located at 1401 NW 5th Avenue, Gainesville, FL 32603 is currently listed for sale with an asking price of $1,050,000. This property was built in 1959 and has 6 bedrooms and 6 full baths with 3300 sq. ft. NW 5th Avenue is located in the BROWN B W subdivision. Search BROWN B W real estate on tiffanym.watsonrealtycorp.com today.

Property Features

Property Type: Residential -
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.27 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $9,296
Year Built: 1959
Square Feet: 3,300

Amenities

Ceiling Fans(s)
Sidewalk

Feature Descriptions

Appliances: Range, Range Hood, Refrigerator
Days on Site: 219
Directions: Head East on University towards NW 15th street, make a left. Make a right on NW 5th Avenue, 6plex is on the right corner across from legacy at standard
Exterior: Block
Flood Zone Code: X
Flooring: Terrazzo
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.27
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RMF8

Listed By / Shown By

Listed By

Agency Name: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
Agency Contact: 352-278-4648

Shown By

Agent Name: Tiffany Matics-Machusak
Agent Phone: (304) 545-7827
Agency Title: Watson Realty Corp., REALTORS ®

IDX logo

Estimate Your Payment

Estimated Payment

$ 6,144.18 per month $5,063.26 Principal & Interest $774.67 Property Tax $306.25 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel