503 NE 4th Avenue
- 5-parcel assemblage totaling 1.4± acres in Gainesville, FL
- Offered at $1,700,000 — all parcels conveyed under single ownership
- Immediate cash flow with 6 rental units and tenants currently in place
- 6,014± SF total building area across two improved parcels (quadraplex& duplex)
- Three vacant parcels provide significant redevelopment upside
- Zoned U2 — positioned for multifamily or mixed-use redevelopment
- Highest and best use: new multifamily construction or full site redevelopment
- Strategically located near Downtown Gainesville
Property Description
Exceptional opportunity to acquire a five-parcel assemblage totaling approximately 1.4± acres in Gainesville, Florida. The portfolio includes two income-producing properties — a quadraplex and a duplex — providing approximately 6 rental units and 6,014± SF of building area with tenants currently in place. Three vacant commercial parcels are included, amplifying the overall redevelopment potential of the site. Strategically located near Downtown Gainesville, this assemblage is a compelling redevelopment play for multifamily developers and value-add investors looking to capitalize on the city's growing housing demand. Zoned U2, the portfolio supports flexible development scenarios including new multifamily construction, mixed-use redevelopment, or expansion of the existing rental portfolio. With all parcels under single ownership, acquisition is streamlined and ready for a visionary next owner.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,700,000 |
| No. of Units: | 6 |
| Lot Size: | 1.40 Acres |
| Opportunity Zone: | No |
| Price per unit: | $283,333 |
| Property Website | Click Here |
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