1203 NW 12th Avenue, Gainesville, FL 32601
Local realty services provided by:CENTURY 21 Alliance Realty Group
Listed by: mark kjeseth
Office: cornerstone realty & management services llc.
MLS#:GC539204
Source:MFRMLS
Price summary
- Price:$625,000
- Price per sq. ft.:$208.68
About this home
PRICE REDUCTION~ This is a must see property!! Perfect for multi-family residence. Unique Multi-Family Property with Development Potential | 4 Units in a Triplex Designation | Zoned Commercial & Residential. Discover an incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights: Zoning: Commercial and Residential – offering flexible future use and development possibilities. Location: Situated close to UF and Shands, ensuring strong demand for rentals. Income: Consistent year-over-year income growth. Layout & Features: Unit A: 1 bedroom, 1 bathroom apartment with dual entrances to the kitchen and living room. Unit B: 2 bedroom, 2 bathroom apartment with upgraded features. Unit C: Flexible configuration—currently divided into two 1 bedroom, 1 bathroom apartments (upper and lower levels) with separate entrances. Can be converted back to a 2 bedroom, 2 bathroom unit. Features French doors leading to a private back area. Utilities: Three separate GRU electrical meters for
Units A, B and C. Water and Sewer for all units are on Unit C's GRU bill. Upgrades: New roof, electrical, and HVAC systems installed in 2019.
Amenities: Three sheds on the property—one large and two smaller ones—plus extremely tall privacy fencing that surrounds half of the property. Brand new fencing in the back area and side by Unit A.
Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. This property is not only an immediate income generator but also a fantastic long-term investment with development potential. Whether you’re looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Don’t miss out on this exceptional investment in a high-demand area! There are so many possibilities with this gem. Recent residential appraisal above list price....
Contact an agent
Home facts
- Year built:1941
- Listing ID #:GC539204
- Added:68 day(s) ago
- Updated:June 14, 2026 at 12:25 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Ceramic Tile, Luxury Vinyl, Vinyl
- Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
- Kitchen Description:Disposal, Eat-in Kitchen, Ice Maker, Range, Refrigerator, Solid Surface Counters, Solid Wood Cabinets
- Bedroom Description:Split Bedroom
- Basement Description:Block, Crawlspace
- Living area:2,995 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1941
- Building area:2,995 sq. ft.
- Lot area:0.22 Acres
- Construction Materials:Block, Cedar, Concrete, Frame, Wood Siding
- Exterior Features:Awning(s), Lighting, Private Mailbox
- Foundation Description:Block
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$208.68
- Tax amount:$3,976 (2025)
Features and amenities
- Appliances:Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer, Washer Hookup
- Amenities:BB/HS Internet Available, Built-In Features, Cable Available, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
- Pool features:Public Pool
New listings near 1203 NW 12th Avenue
- New
$277,520Active3 beds 3 baths1,349 sq. ft.1589 NW 29th Road #7, GAINESVILLE, FL 32605
MLS# GC540955Listed by: UNIVERSITY REALTY - New
$459,900Active3 beds 2 baths2,233 sq. ft.10310 SW 51st Lane, GAINESVILLE, FL 32608
MLS# GC541073Listed by: COLDWELL BANKER M.M. PARRISH REALTORS - New
$105,000Active1 beds 1 baths642 sq. ft.1700 SW 16th Court #P6, GAINESVILLE, FL 32608
MLS# GC541172Listed by: FLORIDA'S CHOICE REALTY - New
$415,000Active4 beds 3 baths2,127 sq. ft.10336 NW 13th Avenue, GAINESVILLE, FL 32606
MLS# GC541166Listed by: FLORIDA HOMES REALTY & MORTGAGE GVILLE - New
$299,900Active3 beds 3 baths1,719 sq. ft.5008 NW 21st Drive, GAINESVILLE, FL 32605
MLS# GC541155Listed by: PEPINE REALTY - New
$129,900Active2 beds 2 baths1,292 sq. ft.613 SW 75 Street #101, GAINESVILLE, FL 32607
MLS# GC541175Listed by: GREEN TREE REALTY INC - New
$251,900Active6 beds 6 baths1,800 sq. ft.713 SW 69 Street, GAINESVILLE, FL 32607
MLS# GC541164Listed by: GREEN TREE REALTY INC - New
$349,000Active3 beds 2 baths1,337 sq. ft.9603 SW 17th Avenue, GAINESVILLE, FL 32607
MLS# GC541086Listed by: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC - New
$289,500Active4 beds 3 baths1,138 sq. ft.1935 NW 33rd Avenue, GAINESVILLE, FL 32605
MLS# GC540975Listed by: RE/MAX PROFESSIONALS - New
$235,000Active2 beds 2 baths1,392 sq. ft.8496 NW 38th Terrace, GAINESVILLE, FL 32653
MLS# GC541160Listed by: MAISON