Two-Story Duplex with
For Sale
$675,000
1102 NW 3rd Ave, Gainesville, FL 32601
Main building includes original hardwood floors, full kitchens, in-unit laundry, and separate living areas.
Property Size2,826 SF
Price / SF$238.85
Days on Market87
Property Features for 1102 NW 3rd Ave
General Information
Standard status
Active
Size
2,826 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1958
Buildings
2
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
Listed By:
Luis Rodriguez · License #3463219
(352) 335-4999
Source:
Whitneyperkinsteam
Added: Jul 21
Changed: Sep 14
Last Checked: Oct 15 at 12:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER M.M. PARRISH REALTORS
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Investment Insights
Based on property information with market context.
This two-story duplex property includes two three-bedroom, one-bath units within the main building, plus a detached one-bedroom, one-bath efficiency. The combined property size is 2,826 square feet, with each duplex unit offering a dedicated living area, full kitchen, and in-unit laundry setup. Original hardwood flooring, large living spaces, and abundant natural light add character to the interior layout.
Built in 1958, the property is located at 1102 NW 3rd Ave in Gainesville, Florida. The site also includes mature trees and off-street parking, while the detached efficiency provides a separate residential space apart from the primary duplex.
Built in 1958, the property is located at 1102 NW 3rd Ave in Gainesville, Florida. The site also includes mature trees and off-street parking, while the detached efficiency provides a separate residential space apart from the primary duplex.
Key Highlights
- Two‑story duplex with two 3‑bedroom, 1‑bath units
- Detached 1‑bedroom, 1‑bath efficiency
- 2,826 square feet of combined property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,744
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,880
$554.9K
Cap Rate 7%
$396,343
$396.3K
Cap Rate 9%
$308,267
$308.3K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$42.4K $15.00/SF
− Vacancy
−$2.8K −$0.98/SF
EGI
$39.6K $14.03/SF
− OpEx
−$11.9K −$4.21/SF
NOI
$27.7K $9.82/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,880
Cap Rate 7%
$396,343
Cap Rate 9%
$308,267
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 authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,732
Businesses Nearby
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Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Main building includes original hardwood floors, full kitchens, in-unit laundry, and separate living areas.
Where is this duplex located?
The property is located at 1102 NW 3rd Ave 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: Two‑story duplex with two 3‑bedroom, 1‑bath units; Detached 1‑bedroom, 1‑bath efficiency; 2,826 square feet of combined property size
