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Investment Opportunity Near UF
For Sale
$2,000,000

203 Nw 15th St, Gainesville, FL 32603

8-unit portfolio near the University of Florida, fully leased.

Property Size4,433 SF
Price / SF$451.16
Days on Market260

Property Features for 203 Nw 15th St

General Information

Standard status Active
Size 4,433 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $33,237
Listing Agency: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
Listed By: Jamie Williams · License #3491384
Source: Exprealty
Added: Dec 10, 2025 Changed: Aug 25 Last Checked: Aug 26 at 11:04AM

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 CORNERSTONE REALTY & MANAGEMENT SERVICES LLC

Investment Insights

Based on property information with market context.

This 8-unit portfolio represents an investment opportunity, situated just two blocks from the University of Florida. The property is located within the U5 zoning district. All 8 units are fully leased through July 2027, providing immediate income. The property features six one-bedroom, one-bathroom units, each including a full kitchen, living area, and a private bathroom. In-unit washer and dryer and LVP flooring are included. Each apartment has one assigned parking space per unit. The corner duplex contains two one-bedroom, one-bathroom units, each featuring a living/dining combo, full kitchen, and private bath. One parking space is assigned per unit. The property has visibility on the corner lot. The bike score is 81, indicating it is very bikeable, and the walk score is 65, indicating it is somewhat walkable.

Key Highlights

  • Prime location: Just two blocks from the University of Florida (UF), offering unbeatable walkability to campus.
  • Fully leased through July 2027, providing immediate and stable income.
  • Eight‑unit portfolio with a mix of six 1‑bed/1‑bath units and a corner duplex (two 1/1 units).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Locksmith (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,843
Businesses Nearby

Demographics for 32603, FL

7,367
Population
2,963
Households
2.5
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
8,186
Density / Sq Mi
$14,580
Median Household Income
$7,084
Median Earnings
$1,141
Median Rent
$290,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 8-unit portfolio near the University of Florida, fully leased.
Where is this apartment building located?
The property is located at 203 Nw 15th St Gainesville, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location: Just two blocks from the University of Florida (UF), offering unbeatable walkability to campus.; Fully leased through July 2027, providing immediate and stable income.; Eight‑unit portfolio with a mix of six 1‑bed/1‑bath units and a corner duplex (two 1/1 units).
More about this property
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