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#GC529845, Jonathan Colon, Listing office: WATSON REALTY CORP
$679,000 List price
1203 NW 12th Ave Gainesville, FL 32601
5 beds
5 baths
3,006 sqft
0.2 acres
$226 / sqft
Multi-Family
Property details
About 1203 NW 12th Ave
Price Improvement! Are you ready to embark on your own STR income journey with a turnkey property and established repeat customers?!! This is your chance!! 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, with a net income of approximately $50,000 in 2023. 2024 is projected to exceed that figure. 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. 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! Call me for a private showing!
Highlights
Home typeTriplex
HeatingElectric
StatusActive
CoolingCentral Air
Size3,006 sqft
Lot size0.22 Acres
Year built1941
ParkingAssigned, Driveway, Guest, Off Street
MLS #GC524845
Summary
- Appliances: Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Range, Refrigerator
- Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
- Total Bedroom Count: 5
- Private Pool: No
- Parking: Assigned, Driveway, Guest, Off Street
- Exterior: Outbuildings, Awning(s), Fence, French Doors, Private Mailbox, Storage
- Heating: Electric
- Cooling: Central Air
- List Price: $679,000
- Price/SqFt: $225
- HOA Amount: $0
- Annual Tax Amount: $3,165
- Tax Year: 2023
- Lot: Corner Lot, Near Public Transit
- 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.
- Year Built: 1941
- Living Area: 3,006 SqFt
- Lot Size: 0.22 Acres
- MLS Number: GC524845
- MLS Name: MFRMLS
- Office Name: BROXSON REAL ESTATE GROUP
- Office Phone: (352) 278-4648
- Listing Agent: Mark Kjeseth
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Last updated on: 7/15/2025, 11:34:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 29, 2018 | Home Sold | $130,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $138,622 | $3,165 |
| 2022 | $132,310 | $2,935 |
| 2021 | $119,263 | $2,935 |
| 2019 | $119,263 | $2,914 |
| 2018 | $120,000 | $2,780 |
| 2017 | $80,540 | $1,409 |
History based on county public records data.
Nearby schools
2
W.A. Metcalfe Elementary School
Public District KG-5
0.4 mi
•1250 NE 18th Ave
7
Boulware Springs Charter
Public Charter KG-5
0.7 mi
•1303 NE 23rd Ave
4
Joseph Williams Elementary School
Public Magnet KG-5
1.3 mi
•1245 SE 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,948. The most common annual income of people living in Gainesville, FL is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
41%
<35k
54%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
15%
Single, with Kids
12%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Soccer
NBA/WNBA
Mexican League Soccer
Where do the neighbors shop?
Forever 21
Express/Express For Men
Books-a-Million
Where do the neighbors go to eat?
Dominos Pizza
Starbucks
Church's Chicken
What do the neighbors drive?
Mazda
Pontiac
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
Similar homes for sale
#GC528945, Bob Mitchell, Listing office: MITCHELL REALTY SERVICES INC
Frequently asked questions
About 1203 NW 12th Ave
The listing price of 1203 NW 12th Ave property is $679,000.
The property 1203 NW 12th Ave is a multi located in Gainesville, Florida, 32601.
Active Listing: 1203 NW 12th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1203 NW 12th Ave are: W.A. Metcalfe Elementary School (GreatSchools Rating 2/10), Boulware Springs Charter (GreatSchools Rating 7/10), Joseph Williams Elementary School (GreatSchools Rating 4/10), Resilience Charter School Inc (GreatSchools Rating 3/10), Howard W. Bishop Middle School (GreatSchools Rating 4/10), Abraham Lincoln Middle School (GreatSchools Rating 6/10), North Central Florida Public Charter School (GreatSchools Rating 1/10), Alachua Eschool (Virtual Franchise) (GreatSchools Rating 4/10), Professional Academy Magnet at Loften High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $3,165 (source: MLS/based on county public records data).
The last sale was on June 29, 2018 for $130,000 (source: MLS/tax record).
The property 1203 NW 12th Ave is 3,006 SqFt (source: MLS/tax record).
The year of construction for 1203 NW 12th Ave is 1941.
This home is located at 1203 NW 12th Ave in Gainesville, FL and zip code 32601 in the Eastside / Northeast Gainesville neighborhood. This 3,006 square foot home, which was built in 1941, sits on a 0.22 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 5, 2024 and is currently priced at $679,000.
In June 2025 more than 20 listings in Gainesville, FL were sold above the asking price. During the same period more than 58 listings were sold at asking price, while more than 179 were sold below. Between May and June 2025, Gainesville, FL real estate market has seen decrease in the number of listings by 5.3%. Listings spent 45 days on the market in June 2025, and had a median list price of $320,487 during the same period.
From Rocket Homes Real Estate and based on county public records data.