Welcome to a property that doesn’t quite fit in a box—and honestly, that’s the best part.
1032 NW 40th Ave isn’t just a home… it’s an opportunity waiting for the right kind of buyer to recognize it.
Right now, it’s successfully operating as both an Airbnb and a midterm rental, which means it’s already proven itself as an income-producing asset. Whether you’re looking to continue that momentum or pivot into something new, the groundwork is here. If you’ve been searching for your first home and everything feels either too “cookie cutter” or just slightly out of reach, this one offers a different path toward affordable living. Live in the main home and let the property work for you. Offset your mortgage. Create flexibility. Build something. An additional structure sits on the property, ready for its next chapter. With the right vision, this could become a guest suite, a studio, a private office, or even a future rental unit. The potential for a multifamily-style setup is there – property is zoned RMF5. Whether you’re an investor looking for your next income stream, or a buyer who wants more than just a place to live… this property gives you room to think bigger.
1032 NW 40th Ave isn’t just a home… it’s an opportunity waiting for the right kind of buyer to recognize it.
Right now, it’s successfully operating as both an Airbnb and a midterm rental, which means it’s already proven itself as an income-producing asset. Whether you’re looking to continue that momentum or pivot into something new, the groundwork is here. If you’ve been searching for your first home and everything feels either too “cookie cutter” or just slightly out of reach, this one offers a different path toward affordable living. Live in the main home and let the property work for you. Offset your mortgage. Create flexibility. Build something. An additional structure sits on the property, ready for its next chapter. With the right vision, this could become a guest suite, a studio, a private office, or even a future rental unit. The potential for a multifamily-style setup is there – property is zoned RMF5. Whether you’re an investor looking for your next income stream, or a buyer who wants more than just a place to live… this property gives you room to think bigger.
Property Details
Price:
$145,000
MLS #:
GC539805
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
OAK HILL
Neighborhood:
32609gainesville
Listed Date:
Apr 25, 2026
Finished Sq Ft:
423
Total Sq Ft:
513
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1949
See this Listing
Schools
Interior
Appliances
Dishwasher, Dryer, Microwave, Range, Washer
Bathrooms
1 Full Bathroom
Cooling
Wall/Window Unit(s)
Flooring
Luxury Vinyl
Heating
Wall Units / Window Unit
Interior Features
Primary Bedroom Main Floor
Laundry Features
Laundry Room, Outside
Levels
One
Exterior
Construction Materials
Other
Direction Faces
South
Exterior Features
Private Mailbox, Private Yard
Roof
Shingle
Financial
Tax Year
2025
Taxes
$1,786
Map
Community
- Address1032 NW 40TH AVENUE GAINESVILLE FL
- SubdivisionOAK HILL
- CityGAINESVILLE
- CountyAlachua
- Zip Code32609
Subdivisions in GAINESVILLE
Market Summary
Current real estate data for Single Family in GAINESVILLE as of Aug 29, 2026
701
Single Family Listed
98
Avg DOM
225
Avg $ / SqFt
$455,653
Avg List Price
Property Summary
- Located in the OAK HILL subdivision, 1032 NW 40TH AVENUE GAINESVILLE FL is a Single Family for sale in GAINESVILLE, FL, 32609. It is listed for $145,000 and features 1 beds, 1 baths, and has approximately 423 square feet of living space, and was originally constructed in 1949. The current price per square foot is $343. The average price per square foot for Single Family listings in GAINESVILLE is $225. The average listing price for Single Family in GAINESVILLE is $455,653. To schedule a showing of MLS#gc539805 at 1032 NW 40TH AVENUE in GAINESVILLE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of ANSON PROPERTIES 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. 1032 NW 40TH AVENUE
GAINESVILLE, FL
