228 & 232 NW 4th Ave Gainesville, FL 32601

You must see this rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville! Located at 228 and 232 N.W. 4th Ave., this income-producing package features a single-family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment. 228 N.W. 4th Ave. is a charming single-family home featuring a fenced-in backyard, perfect for added privacy or outdoor entertaining. 232 N.W. 4th Ave. is a 2/1 single family home with a 1/1 attached unit (functioning as a duplex); each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch. Currently 232 is tenant occupied (through end of July 2026) and 228 is vacant, providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! The parcel, once including both homes, has just been split, giving the ability to now purchase 228 or 232 separately. 228 boasts new vinyl plank flooring, new HVAC being installed, new fans and light fixtures, new toilet and sink, and fresh paint inside and out. The unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment option. Opportunities like this in the downtown core are rare-schedule your showing today!