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Under contract-accepting backup offers. Incredible income-producing investment in a prime UF location. This unique property features two separate rental structures plus 15 income-generating parking spaces, offering immediate and diversified cash flow. The main residence is a remodeled 5-bedroom, 2-bath, two-story home with refinished hardwood floors and classic character. It is leased through July 2027, providing long-term stability. The second structure is an oversized one-bedroom apartment, also fully leased through July 2026, with a garage below that offers excellent potential for future conversion or expansion. In addition to the residential income, the property includes nine separately leased parking spaces generating monthly revenue, while the main house and apartment are supported by six additional dedicated parking spaces. With U-5 zoning, there is significant upside for redevelopment or increased density. Ideally located across from Midtown Park Eatery, just steps from Sorority Row, and The Swamp Restaurant, this property sits in one of the most desirable and high-demand areas near the University of Florida. Immediate income, upside potential, and an unbeatable location"”opportunities like this are rare.
| DAYS ON MARKET | 25 | LAST UPDATED | 2/19/2026 |
|---|---|---|---|
| TRACT | UNIVERSITY HEIGHTS | YEAR BUILT | 1933 |
| COMMUNITY | 32601 - Gainesville | GARAGE SPACES | 2.0 |
| COUNTY | Alachua | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32601 - Gainesville |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame, Other |
| EXTERIOR | Other |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 0.27 acre(s) |
| PARKING | Attached |
| SEWER | Public Sewer |
| SUBDIVISION | UNIVERSITY HEIGHTS |
| TAXES | 13093 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jamie Williams, CORNERSTONE REALTY & MANAGEMENT SERVICES LLC, 352-278-4648
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 2/19/26 9:37 PM PST.
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