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$625,000 -$54,000 (-7.95%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 2,995 Sq. Ft.
  • Updated 2 days ago
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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. 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.

Full Property Details for 1203 NW 12th Ave

General

  • Price: $625,000
  • Taxes: $3,976 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: GC539204
  • Updated: 4/12/2026
  • Added to Site: 8 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 3
  • Interior Features: Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
  • Appliances: Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
  • Furnishings: Negotiable
  • Flooring: Ceramic Tile, Luxury Vinyl, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup

Exterior

  • Exterior Features: Awning(s), French Doors, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage

Location

  • Area: 32601 - Gainesville
  • County: Alachua
  • Development Name: 32601 - Gainesville
  • Subdivision: SPRING PARK SUB
  • Driving 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.
  • Direction Faces: North

Community

  • Community Name: 32601 - Gainesville

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Connected, Public, Sewer Connected, Water Connected

Structural Information

  • Exterior Const.: Block, Cedar, Concrete, Wood Frame, Wood Siding
  • Roof: Shingle
  • Stories/Levels: Two
  • Square Feet: 2,995
  • Sq. Ft. Source: Public Records
  • Year Built: 1941

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,696
  • Lot Size: 9696
  • Street/Road Desc.: Asphalt, Paved

Financial Considerations

  • Tax Amount: $3,976
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528
  • Flood Zone Info: X
  • APN: 9496000000
  • Property ID: 9496000000

Listed by Cornerstone Realty & Management Services Llc

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Listing agent

— 1203 NW 12th Ave —

  • Cornerstone Realty & Management Services Llc

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1203 NW 12th Ave

School District:Alachua County School District
NameGradesDistance
Caroline Beatrice Parker Elementary
1912 Northwest 5th Avenue, Gainesville, FL 32603
K-50.9 mi
Westwood Middle School, Gainesville, FL
3215 Northwest 15 Avenue, Gainesville, FL 32605
6-82 mi
Gainesville High School
1900 Northwest 13th Street, Gainesville, FL 32609
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1203 NW 12th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/12/2026
Price Reduced
$625,000
-7.95%
MLS
4/06/2026
Listed
$679,000
422.31%
MLS
6/28/2018
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1203 NW 12th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,976
3%
$267,562
20%
2024
$3,864
22%
$222,990
61%
2023
$3,166
8%
$138,622
5%
2022
$2,935
3%
$132,310
11%
2021
$2,844
-2%
$119,263
—
2019
$2,914
5%
$119,263
-1%
2018
$2,780
97%
$120,000
49%
2017
$1,409
-23%
$80,540
-19%
2016
$1,840
-3%
$99,000
-1%
2015
$1,892
-1%
$99,700
—
2014
$1,920
-1%
$100,200
-1%
2013
$1,940
—
$100,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Cornerstone Realty & Management Services Llc

1203 NW 12th Avenue, Gainesville, FL 32601 (MLS# GC539204) is a Single Family property with 5 bedrooms and 5 full bathrooms. 1203 NW 12th Avenue is currently listed for $625,000 and was received on April 06, 2026. Want to learn more about 1203 NW 12th Avenue? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

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