1203 NW 12th Avenue Gainesville, FL 32601
For Sale MLS# GC539204
5 beds 5 baths 2,995 sq ft Single Family
Details for 1203 NW 12th Avenue
MLS# GC539204
Description for 1203 NW 12th Avenue, Gainesville, FL, 32601
Unique Multi-Family Property with Development Potential 4 Units in a Triplex Designation Zoned Commercial & Residential Discover an incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights: Zoning: Commercial and Residential – offering flexible future use and development possibilities. Location: Situated close to UF and Shands, ensuring strong demand for rentals. Income: Consistent year-over-year income growth. Layout & Features: Unit A: 1 bedroom, 1 bathroom apartment with dual entrances to the kitchen and living room. Unit B: 2 bedroom, 2 bathroom apartment with upgraded features. Unit C: Flexible configuration—currently divided into two 1 bedroom, 1 bathroom apartments (upper and lower levels) with separate entrances. Can be converted back to a 2 bedroom, 2 bathroom unit. Features French doors leading to a private back area. Utilities: Three separate GRU electrical meters for Units A, B and C. Water and Sewer for all units are on Unit C's GRU bill. Upgrades: New roof, electrical, and HVAC systems installed in 2019. Amenities: Three sheds on the property—one large and two smaller ones—plus extremely tall privacy fencing that surrounds half of the property. Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. This property is not only an immediate income generator but also a fantastic long-term investment with development potential. Whether you’re looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Don’t miss out on this exceptional investment in a high-demand area! There are so many possibilities with this gem.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 5
Bathrooms: 5
Lot Size: 0.22 Acres
Square Feet: 2,995 sq ft
Year Built: 1941
Stories: 2 Story
Construction: Block,Cedar,Concrete,Wood Siding,Wood Frame
Subdivision: Spring Park Sub
Foundation: Block,Crawlspace
County: Alachua
Room Information
Main Floor
Primary Bedroom:
Living Room:
Kitchen:
Bathrooms
Full Baths: 5
Additonal Room Information
Laundry: In Kitchen, Inside, Washer Hookup, Laundry Closet, Laundry Room, Electric Dryer Hookup
Interior Features
Appliances: Ice Maker, Electric Water Heater, Disposal, Dryer, Range, Refrigerator, Washer
Flooring: Ceramic Tile,Luxury Vinyl,Vinyl
Basement: Crawl Space
Doors/Windows: Window Treatments
Additional Interior Features: Ceiling Fan(s), Eat-In Kitchen, Split Bedrooms, Window Treatments, Built-in Features, Living/Dining Room, Solid Surface Counters, Wood Cabinets
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,High Speed Internet Available,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Central Air, Ceiling Fan(s)
Heating: Central, Electric
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Private Yard, Private Entrance, French Patio Doors, Awning(s), Lighting, Storage
Driving Directions
From University Ave and NW 13th st, head North to 12th Ave, turn right and triplex will be at the intersection of 12th Ave and 12th St on the right.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 09496-000-000
Tax Amount: 3976
Tax Year: 2025
A broker reciprocity listing courtesy: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1203 NW 12th Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1203 NW 12th Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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