228 & 232 NW 4TH AVENUE, GAINESVILLE, FL 32601

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$650,000

bedrooms

bathrooms

square feet

2,498

Acreage

0.2

Open Houses

year built

1949

Full Baths

Half Baths

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Investor Special in Prime Downtown Gainesville! Rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville! Located at 228 and 232 N.W. 4th Ave., this income-producing package features a single-family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment. 228 N.W. 4th Ave. is a charming single-family home featuring a fenced-in backyard, perfect for added privacy or outdoor entertaining. 232 N.W. 4th Ave. is a duplex, with each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch. Currently, two of the three units are tenant-occupied, providing immediate rental income as you plan your improvements. The property is zoned for multi-family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parcel—adding even more flexibility and value for future resale or financing options. While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment opportunity. Opportunities like this in the downtown core are rare—schedule your showing today!

Location
Subdivision	BRUSH ADD TO GVILLE
County	Alachua
Elementary School	-
Middle School	-
High School	-

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MLS number: GC530419

Listing agent: Zoma De Las Estrellas #3466571

Listing broker: Keller Williams Gainesville Realty Partners (352) 240-0600

Last update: Tuesday, April 29 2025 at 8:44 p.m. EDT

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