4 days on Rocket
$10,000 Closing Credit¹
#GC528945, Bob Mitchell, Listing Office: MITCHELL REALTY SERVICES INC
$749,000 List price
1203 NW 12th Ave Gainesville, FL 32601
$8,894
Closing credit¹
0 beds
3,006 sqft
0.2 acres
$249 / sqft
Multi-Family
Property details
About 1203 NW 12th Ave
Price Improvement! 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
- 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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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$749,000
1203 NW 12th Ave
$8,894
closing credit¹
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Seller rebate
0.5% sale price²
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. Residents of this area typically have post secondary degree education.
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
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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: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since September 5, 2024 and is currently priced at $749,000.
Gainesville, FL housing market in February 2025 saw over 17 listings sold above listed price, more than 30 sold at listed price and over 84 sold below. In February 2025 in Gainesville, FL there were 11.2% more homes for sale than in January. While the average time on the market in February 2025 was 80 days, the median list price was $316,141.
From Rocket Homes Real Estate and based on county public records data.