BEDS4
BATHS
SQUARE FEET1,616
MLS#GC535993
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Zoned Multi-Family High Density (U-5), this site offers a rare infill development opportunity with direct access off University Avenue between NW 15th Street and NW 17th Street. The site currently operates as a fully leased triplex, providing immediate in-place cash flow while an investor evaluates redevelopment or densification options. The configuration of the parcel provides potential for a clean lot split, offering flexibility for phased construction or multiple development outcomes. Located just four blocks from the University of Florida's main campus-and only minutes from Ben Hill Griffin Stadium-this location sits at the core of student demand and walkability. The land is level, functional, and ready for new construction, making it ideally suited for high-density multifamily or student housing expansion. Seller has a strong preference for owner financing, creating an attractive structure for investors seeking flexible terms and reduced upfront capital requirements. Exceptional development potential this close to campus is increasingly scarce, and opportunities like this rarely reach the market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Lot Size: 0.29 Acres
Roof Type: Shingle
Taxes: $9,416
Year Built: 1949
Amenities
Ceiling Fans(s)
Other
Feature Descriptions
Annual Net Income: 39360.00
Days on Site: 156
Directions: From University Ave, Turn onto NW 17th Street, to NW 4th Ave.
Exterior: Block
Flood Zone Code: X
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Owner Financing
Lot Dimensions: 0.29
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Septic Tank
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 3
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RMU
Listed By / Shown By
Listed By
Agency Name: MAISON
Agency Contact: ben@maisonfla.com
Shown By
Agent Name: Sameh Gerges
Agent Phone: Cell: (310) 465-3955
Agency Title: Adams Cameron & Co. REALTORS
Estimate Your Payment
Estimated Payment
$ 4,708.91 per month $3,720.37 Principal & Interest $784.67 Property Tax $203.88 Homeowner's InsuranceChange Payment Information
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1618 NW 4th Avenue | MLS# GC535993
This multi-family property located at 1618 NW 4th Avenue, Gainesville, FL 32603 is currently listed for sale with an asking price of $699,000. Search Gainesville real estate on samgerges.adamscameron.com today.