1203 NW 12TH AVENUE, GAINESVILLE, FL 32601 | MLS #MFRGC539204 | Berkshire Hathaway HomeServices Florida Network Realty
Maria Wilkes

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Listing provided courtesy of CORNERSTONE REALTY & MANAGEMENT SERVICES LLCas Distributed by MLSGrid- MLS# MFRGC539204MLS Provider

1203 NW 12TH AVENUEGAINESVILLE, FL 32601

Single Family · 5 Beds · 5 Full Baths · 2,995 Sq. ft. | 0.22 Acres
$619,000 Active

1203 NW 12TH AVENUE Overview

Time on Site:
85 days
Visits:
0

PRICE REDUCTION~BELOW APPRAISED VALUE!! This is a must see property!! Perfect for multi-family residence. 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. 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. Brand new fencing in the back area and side by Unit A. Owner is working on making some minor improvements. 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! There are so many possibilities with this gem. Recent residential appraisal above list price.

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1203 NW 12TH AVENUE Facts & Features

  • Type Single Family
  • Sq. ft. 2,995
  • Price/Sq.ft. $207
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • New Construction: No
  • Year Built: 1941

Location/Region

  • Country: US
  • County Or Parish: Alachua
  • MLS Area Major: 32601 - Gainesville
  • Subdivision Name: SPRING PARK SUB
  • Township: 09

Tax Information

  • Tax Annual Amount: 3976
  • Tax Year: 2025

General Information

  • Furnished: Negotiable
  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 09496-000-000
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: OF

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Bathrooms Total: 5
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 2995
  • Building Area Units: Square Feet

General Information

  • Appliances: Disposal,Dryer,Electric Water Heater,Ice Maker,Range,Refrigerator,Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile,Luxury Vinyl,Vinyl
  • Foundation Details: Block,Crawlspace
  • Heating: Central,Electric
  • Interior Features: Built-in Features,Ceiling Fans(s),Eat-in Kitchen,Living Room/Dining Room Combo,Solid Surface Counters,Solid Wood Cabinets,Split Bedroom,Thermostat,Window Treatments
  • Laundry Features: Electric Dryer Hookup,In Kitchen,Inside,Laundry Closet,Laundry Room,Washer Hookup
  • Levels: Two
  • Living Area: 2995
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Other Equipment: Private Entrance,Private Yard

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.22
  • Lot Size Square Feet: 9696
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt,Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block,Cedar,Concrete,Frame,Wood Siding
  • Direction Faces: North
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Awning(s),French Doors,Lighting,Private Entrance,Private Mailbox,Private Yard,Storage
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available,Cable Available,Electricity Connected,Public,Sewer Connected,Water Connected

Room Information

Room: Kitchen

  • Level: First

Room: Living Room

  • Level: First

Room: Primary Bedroom

  • Level: First

1203 NW 12TH AVENUE Neighborhood

Community

32601 (GAINESVILLE) Demographics

24
Median Age
4,339
Population Density (per sq. mile)
61%
College Educated
$24,916
Estimated Median Income
2,131
Estimated Total Home Owners
6,069
Estimated Total Renters
26% / 74%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1203 NW 12TH AVENUE Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1203 NW 12TH AVENUE Market Data

Based on the last 30 days in this zip code

$416,229
Average List Price
$238
Average Price per Square Foot
13
Properties Sold
101
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network

1203 NW 12TH AVENUE History

Date Event Value Agent
6/14/2026Source: My Florida Regional MLS Price Reduction
$619,000 -1.0%
4/12/2026Source: My Florida Regional MLS Price Reduction
$625,000 -8.0%
4/6/2026Source: My Florida Regional MLS Added to Database
April 06, 2026
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022