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503 NE 4th Ave
Gainesville, FL 32601
5 Parcel Assemblage/2 with Improvements · Multifamily Property For Sale
·
6 Units
Investment Highlights
- 5-parcel assemblage totaling 1.4± acres in Gainesville, FL
- 6,014± SF total building area across two improved parcels (quadraplex & duplex)
- Zoned U2 — positioned for multifamily or mixed-use redevelopment
- Immediate cash flow with 6 rental units and tenants currently in place
- Three vacant parcels provide significant redevelopment upside
- Strategically located near Downtown Gainesville
Executive Summary
Exceptional opportunity to acquire a five-parcel assemblage totaling approximately 1.4± acres in Gainesville, Florida. The portfolio includes two income-producing properties — a quadraplex and a duplex — providing approximately 6 rental units and 6,014± SF of building area with tenants currently in place. Three vacant commercial parcels are included, amplifying the overall redevelopment potential of the site.
Strategically located near Downtown Gainesville, this assemblage is a compelling redevelopment play for multifamily developers and value-add investors looking to capitalize on the city's growing housing demand. Zoned U2, the portfolio supports flexible development scenarios including new multifamily construction, mixed-use redevelopment, or expansion of the existing rental portfolio. With all parcels under single ownership, acquisition is streamlined and ready for a visionary next owner.
Strategically located near Downtown Gainesville, this assemblage is a compelling redevelopment play for multifamily developers and value-add investors looking to capitalize on the city's growing housing demand. Zoned U2, the portfolio supports flexible development scenarios including new multifamily construction, mixed-use redevelopment, or expansion of the existing rental portfolio. With all parcels under single ownership, acquisition is streamlined and ready for a visionary next owner.
Property Facts
| Price Per Unit | $283,333 | Lot Size | 1.40 AC |
| Sale Type | Investment | Building Size | 6,014 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | U2 - Urban 2 | ||
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 6,014 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | U2 - Urban 2 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $492,926 | |
| Land Assessment | $309,214 | Total Assessment | $802,140 |
Property Taxes
Parcel Numbers
Land Assessment
$309,214
Improvements Assessment
$492,926
Total Assessment
$802,140
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