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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.
| DAYS ON MARKET | 30 | LAST UPDATED | 4/12/2026 |
|---|---|---|---|
| TRACT | SPRING PARK SUB | YEAR BUILT | 1941 |
| COMMUNITY | 32601 - Gainesville | COUNTY | Alachua |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Apr 12, '26 | $679,000 |
|---|---|
| Apr 12, '26 - Today | $625,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer |
| AREA | 32601 - Gainesville |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Block, Cedar, Concrete, Frame, Wood Siding |
| EXTERIOR | Awning(s), Lighting, Private Entrance, Private Yard, Storage |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Eat-in Kitchen |
| LOT | 9583 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | SPRING PARK SUB |
| TAXES | 3976 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mark Kjeseth, CORNERSTONE REALTY & MANAGEMENT SERVICES LLC, 352-262-4914
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 5/3/26 5:31 AM PDT.
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