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Accepting backups
    • $220,000

    1509 NE 5TH AVE, GAINESVILLE, FL 32641

    12beds
    4baths
    1,587sqft
    : 
    $1,556/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1980
    -- sqft lot
    $274,500 Zestimate®
    $139/sqft
    $-- HOA

    What's special

    Under contract-accepting backup offers. Investors!!! Priced to Sell!!! This NE Gainesville duplex offers a turnkey opportunity for investors seeking immediate cash flow in a high-demand rental market. Unit Configuration: Two identical units, each featuring 2 bedrooms, 1 bathroom, a flex room, a living room, and a full kitchen. Low-maintenance flooring with tile floors—no carpets. Size: Approximately 793.5 sq. ft. each side (1,587 total sq. ft.). Outdoor Space: Oversized backyard that backs directly onto a public playground, providing a rare amenity for families. Fully fenced in. Immediate Income: Both units are currently occupied, allowing for a seamless transition of rental revenue. Prime Location: Proximity to downtown Gainesville, local schools, and major shopping centers ensures long-term tenant desirability. Growth Area: Gainesville's steady rental market is bolstered by its proximity to the University of Florida and regional medical centers. This property is priced right and sold as is! Bring all offers.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Deena Erickson-Klacko 352-494-2404,

    EXP REALTY LLC 888-883-8509

    Source: Stellar MLS,MLS#: GC542741MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 4
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Water Heater, Range, Refrigerator
      • Laundry: None
      Features
      • Ceiling Fan(s)
      • Flooring: Tile, Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 1,707
      • Total interior livable area: 1,587 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Private Entrance, Private Mailbox, Private Yard
      • Has view: Yes
      • View description: Park/Greenbelt
      Lot
      • Size: 0.28 Acres
      Details
      • Parcel number: 11391000000
      • Zoning: RC
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1980

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Underground Utilities

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: NEW GAINESVILLE
      HOA
      • Has HOA: No
      Location
      • Region: Gainesville

      Financial & listing details

      • Price per square foot: $139/sqft
      • Tax assessed value: $150,652
      • Annual tax amount: $2,909
      • Date on market: 8/14/2026
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $274,500

        $233,000 - $318,000

        $1,615/mo

        Price history

        DateEventPrice
        8/14/2026Contingent$220,000$139/sqft
        Source: eXp Realty #GC542741 Report a problem
        8/11/2026Listed for sale$220,000$139/sqft
        Source: Stellar MLS #GC539885 Report a problem
        7/8/2026Contingent$220,000$139/sqft
        Source: Stellar MLS #GC539885 Report a problem
        6/19/2026Pending sale$220,000$139/sqft
        Source: Stellar MLS #GC539885 Report a problem
        5/10/2026Listed for sale$220,000$139/sqft
        Source: Stellar MLS #GC539885 Report a problem
        5/6/2026Pending sale$220,000$139/sqft
        Source: eXp Realty #GC539885 Report a problem
        4/29/2026Listed for sale$220,000+387.8%$139/sqft
        Source: eXp Realty #GC539885 Report a problem
        9/2/2021Sold$45,100+2.5%$28/sqft
        Source: Public Record Report a problem
        8/23/2013Sold$44,000$28/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,030 +9.5%$120,132 +10%
        2024$2,767 +16.4%$109,211 +10%
        2023$2,377 +5.1%$99,283 +4.4%
        2022$2,262 +275.4%$95,110 +453.9%
        2021$602 $17,170
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 32641

        Getting around

        50 / 100
        Car-Dependent
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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