Gainesville Duplex with Income
1102 NW 3RD AVENUE Gainesville, FL 32601
1102 NW 3RD AVENUE, Gainesville, FL, 32601
$675,000
For Sale
$675,000
Duplex - GAINESVILLE, FL
Property Size2,826 SF
Lot Size0.11 Acres
Price / SF$238.85
Days on Market100
Property Features for 1102 NW 3RD AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF5
- Bedrooms
- 7
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Solid Wood Cabinets
- Exterior features
- Private Mailbox
- Standard status
- Active
- APN
- 13952-000-000
- Size
- 2,826 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11228.23
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Ductless, Multi Units
Building Details
- Year built
- 1958
- Number of units
- 3
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
5830 NW 39 AVE, Gainesville, FL
Listed by
Luis Rodriguez · License #3463219
(352) 335-4999
Added: Apr 9 Checked: Jul 17 at 9:06 am
MLS# GC539314
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex is an excellent opportunity to own a high-demand residential income property in an unbeatable location near campus. The property features a classic two-story duplex totaling 6 bedrooms and 2 bathrooms, with each unit offering 3 beds and 1 bath. A detached 1 bed / 1 bath efficiency provides additional income potential. The main duplex offers character throughout, including original hardwood floors, abundant natural light, large living spaces, and functional layouts. Both units include dedicated living areas, full kitchens, and in-unit laundry setups. The detached efficiency provides a private, separate living option. Situated on a 0.11-acre lot with mature trees and off-street parking, this property combines location, layout, and income potential. The property size is 2,826 square feet. The zoning is RMF5. This property is located in Gainesville, FL 32601.
Key Highlights
- Unbeatable location moments from campus ensures consistent rental demand.
- Three separate units maximize income potential.
- Spacious units with desirable features like hardwood floors and in‑unit laundry.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $15.00 |
| − Vacancy | −$2.8k | −$0.98 |
| EGI | $39.6k | $14.03 |
| − OpEx | −$11.9k | −$4.21 |
| NOI | $27.7k | $9.82 |
2,826 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$396.3K
$346.8K – $462.4K
NOI $27,744 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$355.7K
$311.2K – $414.9K
NOI $24,896 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$699.9K
$612.5K – $816.6K
NOI $48,996 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - High-demand residential income property near campus with detached efficiency.
Where is this duplex located?
The property is located at 1102 NW 3RD AVENUE Gainesville, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Unbeatable location moments from campus ensures consistent rental demand.; Three separate units maximize income potential.; Spacious units with desirable features like hardwood floors and in‑unit laundry.
