- For Sale $1,700,000
- Property Type Multi-Family
- Property Size 6,014 SF
- Units 6
- Lot Size 1.4 Acre
- Property Tenancy Multi-Tenant
- Date Updated Jul 15, 2026
Description
Multi-parcel portfolio in Gainesville at NE 4th Ave/NE 5th St (U2 zoning) near Downtown Gainesville, FloridaExceptional 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.
Highlights
- 5-parcel assemblage totaling 1.4± acres in Gainesville, FL
- 6,014± SF total building area across two improved parcels (quadraplex& duplex)
- Highest and best use: new multifamily construction or full site redevelopment
- Immediate cash flow with 6 rental units and tenants currently in place
- Offered at $1,700,000 — all parcels conveyed under single ownership
- Strategically located near Downtown Gainesville
- Three vacant parcels provide significant redevelopment upside
- Zoned U2 — positioned for multifamily or mixed-use redevelopment
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Contacts
Brent Line
Lee & Associates Gainesville
Location
Located at 503 NE 4th Avenue, Gainesville, FL 32601, this property is part of the Duckpond - Highland Court Manor neighborhood and North Central Florida market.
Contact Listing Broker
Brent Line
Lee & Associates Gainesville
