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 duplex, with 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, two of the three units are tenant-occupied (through end of July), providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! The property is zoned for multi-family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parcel—adding even more flexibility and value for future resale or financing options. While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment option. Opportuities like this in the downtown core are rare—schedule your showing today!
For sale
$650,000
228 & 232 NW 4th Ave, Gainesville, FL 32601
5beds
2,498sqft
Est.:
Single Family Residence
Built in 1949
8,712 Square Feet Lot
$-- Zestimate®
$260/sqft
$-- HOA
What's special
Charming single-family homeFenced-in backyardCozy back porchUnique outdoor spaces
- 103 days
- on Zillow |
- 371 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 02:24pm
Listing Provided by:
Zoma De Las Estrellas 352-246-6765,
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS 352-240-0600
Source: Stellar MLS,MLS#: GC530419
Originating MLS: Orlando Regional

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Built-in Closet
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Cooktop, Electric Water Heater, Refrigerator
- Laundry: None
Features
- Primary Bedroom Main Floor
- Flooring: Tile, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,850
- Total interior livable area: 2,498 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Sidewalk
Lot
- Size: 8,712 Square Feet
Details
- Additional structures: Residence
- Parcel number: 14228000000
- Zoning: RC
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: BRUSH ADD TO GVILLE
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $260/sqft
- Annual tax amount: $4,766
- Date on market: 4/28/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
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