Property Description
Midtown Investment Opportunity | 6/2 Duplex + 1/1 Studio - Fully Leased Through July 2026Located in the heart of Gainesville's Midtown district, just steps from UF and surrounded by high-demand student housing, this property offers immediate income and long-term upside. The 2,800 sq. ft. duplex features two spacious 3-bedroom/1-bath units, each with a full kitchen and in-unit washer/dryer. A detached 1-bedroom/1-bath studio (~500 sq. ft.) adds even more rental flexibility. Currently generating $4,800/month in gross rent and fully leased through July 2026, this property provides investors with stable cash flow today and strong potential for higher returns at lease renewal. With unbeatable walkability to campus, nightlife, and downtown, and consistent student demand year after year, this 3-unit property is a turnkey investment in one of Gainesville's most sought-after rental markets.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless
Heating: Electric
Lot Size: 0.11 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $11,922
Year Built: 1958
Square Feet: 2,826
Amenities
Solid Wood Cabinets
Private Mailbox
Feature Descriptions
Annual Net Income: 57600.00
Days on Site: 173
Directions: Driving north or south from 6th Street, Main Street, or Waldo Rd/301 to University Avenue, turn west. Proceed westward up until NW 10th Street turn north, make a left on 3rd avenue, home is on the corner one block up. In reference to the location of the U
Exterior: Frame
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.11
Ownership: Fee Simple
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Units: 3
Utilities: Electricity Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMF5
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER M.M. PARRISH REALTORS
Agency Contact: 352-335-4999
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimate Your Payment
Estimated Payment
$ 4,562.94 per month $3,365.86 Principal & Interest $993.50 Property Tax $203.58 Homeowner's InsuranceChange Payment Information
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1102 NW 3rd Avenue | MLS# GC533911
This multi-family property located at 1102 NW 3rd Avenue, Gainesville, FL 32601 is currently listed for sale with an asking price of $698,000. Search Gainesville real estate on www.watsonrealtycorp.com today.