Gainesville Duplex Investment
232 NW 4TH AVENUE Gainesville, FL 32601
232 NW 4TH AVENUE, Gainesville, FL, 32601
$325,000
For Sale
$325,000
Duplex - GAINESVILLE, FL
Property Size1,475 SF
Lot Size0.10 Acres
Price / SF$220.34
Days on Market168
Property Features for 232 NW 4TH AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RC
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor
- Exterior features
- Awning(s), Fence, Lighting
- Fencing
- Fenced
- Standard status
- Active
- APN
- 14228-001-000
- Size
- 1,475 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5205.83
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Frame, HardiPlank Type
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 240-0600
7584 NW 4 BLVD; #15, Gainesville, FL
Listed by
Zoma De Las Estrellas · License #3466571
(352) 246-6765
Added: Jan 30 Checked: Jul 17 at 5:06 am
MLS# GC537249
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.
Located near the heart of Downtown Gainesville, this income-producing property at 232 NW 4th Ave functions as a duplex. It features a 2/1 single family home with an attached 1/1 unit, presenting tremendous potential for renovation, rental income, or redevelopment. The property is tenant occupied through the end of July 2027. The front unit includes an open front porch with a swing, while the back unit has its own fenced area and a back porch. Situated on a 0.1-acre lot, the property offers 1475 square feet of space. The flexible RC zoning and strong rental demand enhance its investment appeal.
Key Highlights
- Income‑producing duplex property with strong rental demand
- Prime downtown Gainesville location, steps from the city center
- Flexible zoning offering renovation, rental, or redevelopment potential
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 | $22.1k | $15.00 |
| − Vacancy | −$1.4k | −$0.98 |
| EGI | $20.7k | $14.03 |
| − OpEx | −$6.2k | −$4.21 |
| NOI | $14.5k | $9.82 |
1,475 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$206.9K
$181.0K – $241.4K
NOI $14,481 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,994 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,573 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex near downtown Gainesville with renovation potential.
Where is this duplex located?
The property is located at 232 NW 4TH AVENUE Gainesville, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Income‑producing duplex property with strong rental demand; Prime downtown Gainesville location, steps from the city center; Flexible zoning offering renovation, rental, or redevelopment potential
