Under contract-accepting backup offers. 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.
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.
Property Details
Price:
$220,000
MLS #:
GC542741
Status:
Active Under Contract
Beds:
12
Baths:
4
Type:
Multi Family
Subtype:
Duplex
Subdivision:
NEW GAINESVILLE
Neighborhood:
32641gainesville
Listed Date:
Aug 14, 2026
Finished Sq Ft:
1,587
Total Sq Ft:
1,707
Lot Size:
12,197 sqft / 0.28 acres (approx)
Year Built:
1980
See this Listing
Schools
Interior
Appliances
Electric Water Heater, Range, Refrigerator
Cooling
Central Air
Flooring
Tile, Vinyl
Heating
Electric
Interior Features
Ceiling Fan(s)
Laundry Features
None
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Private Entrance, Private Mailbox, Private Yard
Roof
Shingle
View
Park/Greenbelt
Financial
Tax Year
2025
Taxes
$2,909
Map
Community
- Address1509 NE 5TH AVE GAINESVILLE FL
- SubdivisionNEW GAINESVILLE
- CityGAINESVILLE
- CountyAlachua
- Zip Code32641
Subdivisions in GAINESVILLE
Market Summary
Current real estate data for Multi Family in GAINESVILLE as of Aug 29, 2026
21
Multi Family Listed
85
Avg DOM
198
Avg $ / SqFt
$515,495
Avg List Price
Property Summary
- Located in the NEW GAINESVILLE subdivision, 1509 NE 5TH AVE GAINESVILLE FL is a Multi Family for sale in GAINESVILLE, FL, 32641. It is listed for $220,000 To schedule a showing of MLS#gc542741 at 1509 NE 5TH AVE in GAINESVILLE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of EXP REALTY LLC. 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. 1509 NE 5TH AVE
GAINESVILLE, FL