Multifamily Investment Near University of Florida

1615 NW 3RD Ave, Gainesville, FL 32603

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For Sale

$2,800,000

Income-producing multifamily property near the University of Florida.

Type:Commercial

Property size:

13,244 SF

Lot size:

0.38 Acres

Price / SF:

$211/SF

HighLights

Prime location steps from the University of Florida in the desirable College Park area.
Income‑producing property with 21 rental units.
Significant value‑add potential through renovation, repositioning, or redevelopment.
Large 13,244 SF property on 0.38 acres.
On‑site parking available.
Very Bikeable location (bikeScore 82).

We can help!

Listing Contact

Shasta Schoellhorn

Learn more

For Sale

$2,800,000

Income-producing multifamily property near the University of Florida.

Type:Commercial

Property size:

13,244 SF

Lot size:

0.38 Acres

Price / SF:

$211/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 3:59 pm

Property Features for 1615 NW 3RD Ave

General Information

Standard status: Active
Size: 13,244 SF
Lot size: 0.38 Acres
Property subtype: Commercial

Building Details

Year Built: 1996

We can help!

Listing Contact

Shasta Schoellhorn

Listing agent Shasta Schoellhorn License #0518980

Listing office Coldwell Banker M.M. Parrish Realtors | Gainesville (Northwest)

Listing date Apr 24, 2026

Source Elliman

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 | Gainesville (Northwest)

HighLights

Prime location steps from the University of Florida in the desirable College Park area.
Income‑producing property with 21 rental units.
Significant value‑add potential through renovation, repositioning, or redevelopment.
Large 13,244 SF property on 0.38 acres.
On‑site parking available.
Very Bikeable location (bikeScore 82).

Overview

This multifamily investment opportunity is located in College Park, steps from the University of Florida. The property has 13,244 square feet of space on 0.38 acres. It comprises 21 rental units across multiple buildings and is currently income-producing. The location is near Midtown and University Avenue. On-site parking is available. The property offers value-add potential through renovation, repositioning, or redevelopment in one of Gainesville’s most desirable rental markets. The bike score is 82, indicating it is very bikeable. The walk score is 11, indicating car-dependent.

Location Intelligence

Current Use by Public Records

The Sanders House & Apartments Apartment Building New Look Roofers Roofing Company Gainesville Collectables (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Gainesville
County: Alachua
State: Florida
Longitude: -82.3437877
Latitude: 29.6539048

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For sale
Apartment buildings
FL
Gainesville
32603
1615 NW 3RD Ave

What type of property is this?

Apartment building - Income-producing multifamily property near the University of Florida.

Where is this apartment building located?

The property is located at 1615 NW 3RD Ave Gainesville, FL.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Prime location steps from the University of Florida in the desirable College Park area.; Income‑producing property with 21 rental units.; Significant value‑add potential through renovation, repositioning, or redevelopment.