1424 NE 1st Avenue Gainesville, FL 32641
For Sale MLS# GC539656
2 beds 1 baths 922 sq ft Single Family
Details for 1424 NE 1st Avenue
MLS# GC539656
Description for 1424 NE 1st Avenue, Gainesville, FL, 32641
One or more photo(s) has been virtually staged. INVESTORS, HOUSE HACKERS, AND FIRST-TIME HOME BUYERS... YOU DON'T WANT TO MISS THIS! Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd. This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find. The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300) Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements. If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss. Seller is motivated. Schedule your private showing today. Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 2
Bathrooms: 1
Lot Size: 0.14 Acres
Square Feet: 922 sq ft
Year Built: 1947
Stories: 1 Story
Construction: Wood Frame
Construction Display: New Construction
Subdivision: Lakeway Grove-In New Gv
Foundation: Crawlspace
County: Alachua
Construction Status: New Construction
School Information
Elementary: Marjorie Kinnan Rawlings Elementary School-Al
Middle: Westwood Middle School-Al
High: Gainesville High School-Al
Room Information
Main Floor
Laundry:
Bedroom 1:
Primary Bathroom:
Primary Bedroom:
Living Room:
Kitchen:
Dining Room:
Bathrooms
Full Baths: 1
Additonal Room Information
Laundry: Inside, Washer Hookup, Laundry Room, Electric Dryer Hookup
Interior Features
Appliances: Electric Water Heater, Built-In Oven, Refrigerator, Cooktop, Freezer
Flooring: Vinyl
Basement: Crawl Space
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Fiber Optic Available,Municipal Utilities,Phone Available,Water Connected
Cooling: Central Air
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Landscaped
Community Features
Community Features: Street Lights
Driving Directions
From the University of Florida, head east on E University Ave. Continue straight to NE 13th St and turn left. Then turn right onto NE 1st Ave. The property will be on your right at 1424 NE 1st Ave.
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tax/Property ID: 11711-000-000
Tax Amount: 1591
Tax Year: 2025
A broker reciprocity listing courtesy: ARIUM REAL ESTATE, 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 1424 NE 1st 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 1424 NE 1st Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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.
Coming soon properties will soon be on the market, but are not yet available for showings.