Historic Queen Anne
306 NE 3RD Street Gainesville, FL 32601
For Sale
$599,900
MULTI_FAMILY - GAINESVILLE, FL
Property Size2,854 SF
Lot Size0.27 Acres
Price / SF$210.20
Days on Market135
Property Features for 306 NE 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- U2
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Crown Molding, Thermostat
- Appliances
- Dishwasher, Disposal, Dryer, Gas Water Heater, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 14778-000-000
- Size
- 2,854 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ORIG GAINESVILLE DB H-383 S 120 FT OF E 100 FT OF BK 5 RG 7 OR 469/447 DEED CALLS FOR 98.75 FT E & W OR 837/292 & OR 4147/0649
- Tax Annual Amount
- 9894
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Roof type
- Shingle
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Cindy Birk · License #3137282
(352) 871-2475
Added: Mar 14
Changed: Jul 25
Last Checked: Jul 26 at 4:06PM
MLS# GC538438
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 Queen Anne historic home, locally known as the Blanding House, was built in 1899 and is currently configured as a duplex with two separate living spaces. The property includes three bedrooms, two kitchens, two bathrooms, and dual staircases, with each floor offering its own living area, bedroom(s), bathroom, and fully functioning kitchen. It also features Victorian porches, including an intricate gingerbread-trimmed front porch, plus access to the front and south-side porches.
The home is situated on a double lot totaling 0.27 acres, providing mature surroundings and additional outdoor space. The property is located just minutes from downtown Gainesville, parks, restaurants, and the University of Florida.
Updates include two water heaters installed in Dec 2025, a roof installed in March 2026, heart pine floors, and fire-resistant drywall on the downstairs ceiling. The seller has a recent survey and is willing to split the property into two lots, with the understanding that splitting would require amended tax parcel IDs and legal descriptions.
The home is situated on a double lot totaling 0.27 acres, providing mature surroundings and additional outdoor space. The property is located just minutes from downtown Gainesville, parks, restaurants, and the University of Florida.
Updates include two water heaters installed in Dec 2025, a roof installed in March 2026, heart pine floors, and fire-resistant drywall on the downstairs ceiling. The seller has a recent survey and is willing to split the property into two lots, with the understanding that splitting would require amended tax parcel IDs and legal descriptions.
Key Highlights
- Historic Queen Anne home built in 1899 (Blanding House) with approx. 2,854 sq. ft on a double lot (.27 acres).
- Currently configured as a duplex with 2 separate living spaces, 2 kitchens, 2 bathrooms, and dual staircases.
- 3 bedrooms plus additional bed‑sitting rooms; downstairs includes master bedroom and bath, plus a laundry room with stacked washer/dryer.
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 | $42.8k | $15.00 |
| − Vacancy | −$2.8k | −$0.98 |
| EGI | $40.0k | $14.03 |
| − OpEx | −$12.0k | −$4.21 |
| NOI | $28.0k | $9.82 |
2,854 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.2K – $467.0K
NOI $28,019 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$359.2K
$314.3K – $419.1K
NOI $25,143 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$706.9K
$618.5K – $824.7K
NOI $49,482 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Historic Queen Anne home configured as a duplex with dual living spaces, two kitchens, two bathrooms, and updated major systems.
Where is this duplex located?
The property is located at 306 NE 3RD Street Gainesville, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Historic Queen Anne home built in 1899 (Blanding House) with approx. 2,854 sq. ft on a double lot (.27 acres).; Currently configured as a duplex with 2 separate living spaces, 2 kitchens, 2 bathrooms, and dual staircases.; 3 bedrooms plus additional bed‑sitting rooms; downstairs includes master bedroom and bath, plus a laundry room with stacked washer/dryer.
