College Park multifamily investment opportunity just steps from the University of Florida. This 13,244 SF property on 0.38 acres, comprising 21 rental units across multiple buildings, is income-producing. Located near Midtown and University Avenue with on-site parking, the property offers strong value-add potential through renovation, repositioning, or redevelopment in one of Gainesville’s most desirable rental markets.
Property Details
Price:
$2,800,000
MLS #:
GC538532
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family (5+)
Subdivision:
COLLEGE PARK
Neighborhood:
32603gainesville
Listed Date:
Mar 19, 2026
Total Sq Ft:
13,244
Lot Size:
16,553 sqft / 0.38 acres (approx)
Year Built:
1996
See this Listing
Schools
Interior
Cooling
Central Air, Other
Exterior
Construction Materials
Brick, HardiPlank Type, Other, Wood Frame
Financial
Tax Year
2025
Taxes
$32,568
Map
Community
- Address1615 NW 3RD AVENUE GAINESVILLE FL
- SubdivisionCOLLEGE PARK
- CityGAINESVILLE
- CountyAlachua
- Zip Code32603
Subdivisions in GAINESVILLE
Market Summary
Current real estate data for Commercial in GAINESVILLE as of Aug 29, 2026
54
Commercial Listed
371
Avg DOM
403
Avg $ / SqFt
$1,423,610
Avg List Price
Property Summary
- Located in the COLLEGE PARK subdivision, 1615 NW 3RD AVENUE GAINESVILLE FL is a Commercial for sale in GAINESVILLE, FL, 32603. It is listed for $2,800,000 To schedule a showing of MLS#gc538532 at 1615 NW 3RD AVENUE in GAINESVILLE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of COLDWELL BANKER M.M. PARRISH REALTORS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1615 NW 3RD AVENUE
GAINESVILLE, FL
