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Sherwood Apartment 3557 SW 19th Ave 12 Unit Apartment Building $2,400,000 ($200,000/Unit) Gainesville, FL 32607
INVESTMENT HIGHLIGHTS
- Adjacent to new 239 - unit student housing & 5 story garage
- 2 Blocks From UF
- U-9 Zoning (multi family mixed use commercial)
EXECUTIVE SUMMARY
This site represents one of the last walkable redevelopment opportunities near the University of Florida. At 1.12 acres with flexible U-9 zoning, the property sits in the heart of Gainesville’s most proven multifamily market—one that continues to experience strong pre-leasing velocity, high absorption, and consistent rent growth.
The immediate adjacency to a new 239-unit student housing development with a structured garage accelerates the area’s transformation into a modern student-living corridor. Developers benefit from the momentum: increased density, pedestrian activity, and infrastructure investment are already in motion.
The parcel’s walkable location and zoning allow for vertical development, mixed-use, and high-density multifamily, making it ideal for purpose-built student housing, market-rate apartments, or a hybrid concept. With the existing 12-unit building producing income during predevelopment, the site offers both short-term stability and long-term value creation.
For developers seeking a scalable, high-demand infill opportunity in a constrained supply market, 3557 SW 19th Ave delivers the location, zoning, and adjacency needed for a successful next-generation project.
The immediate adjacency to a new 239-unit student housing development with a structured garage accelerates the area’s transformation into a modern student-living corridor. Developers benefit from the momentum: increased density, pedestrian activity, and infrastructure investment are already in motion.
The parcel’s walkable location and zoning allow for vertical development, mixed-use, and high-density multifamily, making it ideal for purpose-built student housing, market-rate apartments, or a hybrid concept. With the existing 12-unit building producing income during predevelopment, the site offers both short-term stability and long-term value creation.
For developers seeking a scalable, high-demand infill opportunity in a constrained supply market, 3557 SW 19th Ave delivers the location, zoning, and adjacency needed for a successful next-generation project.
PROPERTY FACTS
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 1.13 AC |
| Sale Type | Investment | Building Size | 15,514 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | U9 - Urban Mixed Use Planned Development (UMU-PD) District | ||
| Price | $2,400,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 15,514 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | U9 - Urban Mixed Use Planned Development (UMU-PD) District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Security System
- Refrigerator
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 06702-003-004 | Improvements Assessment | $427,189 |
| Land Assessment | $324,211 | Total Assessment | $751,400 |
PROPERTY TAXES
Parcel Number
06702-003-004
Land Assessment
$324,211
Improvements Assessment
$427,189
Total Assessment
$751,400
CONTACTS
-
Holly Booth -
Bob Rand, CCIM, SIOR -
Kayden Schaper -
Coldwell Banker Commercial Benchmark
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Sherwood Apartment | 3557 SW 19th Ave
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