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About This Home
This 3-bedroom, 2-bathroom multi-family at 1511 & 1509 NE 5TH AVE in Gainesville, FL is listed for $220,000 ($139 per sqft). Built in 1980, the home offers 1,587 sqft of living space on a 0.28 acres lot.
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.
Key Features
- Built in 1980
- 0.28 acre lot
Property Details
Monthly Cost Estimate
$1,177/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1511 & 1509 NE 5TH AVE
Gainesville, FL 32641
NEW GAINESVILLE
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom multi-family at 1511 & 1509 NE 5TH AVE is listed at $220,000 ($139/sqft). The estimated monthly payment is $953 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.28 acre lot. Interior Features: Ceiling Fans(s). Exterior Features: Paved, Private Entrance, Private Mailbox.
This property is listed by Deena Erickson-Klacko and can be reached at 3524942404 or deenaericksonrealtor@gmail.com.
