Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Coast Realty
Property view
Listing view 2
Listing view 3

228 & 232 NW 4th Avenue, 
Gainesville, FL 32601

$650,000


5

Beds


3

Baths


2,498

Sq Ft


Single Family

Active

Listed by

Zoma De Las Estrellas

Keller Williams Gainesville Realty Partners

Last updated:

April 30, 2025, 12:04 PM

MLS#

GC530419

Source:

MFRMLS

About This Home

228 & 232 NW 4th Avenue

Investor Special in Prime Downtown Gainesville! 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, providing immediate rental income as you plan your improvements. 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 opportunity. Opportunities like this in the downtown core are rare—schedule your showing today!

Home Facts

Single Family

3 Baths

5 Bedrooms

Built in 1949

Price Summary

650,000

$260 per Sq. Ft.

MLS #:

GC530419

Last Updated:

April 30, 2025, 12:04 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,498 Sq. Ft.


Structure

Structure

Building Area:

2,850 Sq. Ft.

Year Built:

1949


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$260 per Sq. Ft.

MLS Logo
The information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Keller Williams Gainesville Realty Partners is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Gainesville Realty Partners, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.