1509 NE 5TH AVE GAINESVILLE FL 32641 | MLS #GC542741

1509 NE 5TH AVE
GAINESVILLE, FL, 32641
$220,000
12 Beds
4 Baths
1,587 SqFt
0.28 Acres
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MLS #GC542741 image #0
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.

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
32641 – Gainesville32641gainesvilleNew GainesvillePark/greenbeltNo Minimum

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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

Subdivisions in GAINESVILLE

Market Summary

Current real estate data for Multi Family in GAINESVILLE as of Aug 14, 2026
20
Multi Family Listed
74
Avg DOM
179
Avg $ / SqFt
$513,775
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 CENTURY 21 Carioti agent at 800-783-8847.

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