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1511 & 1509 NE 5TH AVE

Active With Contract
$220,000

BTC: 3.71998647

ETH: 141.93548387

46 days
3 bds
2 ba
1,587 sqft

Overview

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.

Location

Florida • GAINESVILLE • 32641 • Active With Contract

Details

Type:
Residential
Parking:
No Data
Year Built:
1980
Lot:
0.28 Acres
Heating:
Electric
Price/sqft:
$139
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$265,000
$218K – $339K
Confidence Low
List vs. estimate
$45K below estimate
List $220,000 · -17.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$138
-27.7% vs. city median $191
Based on
37 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,909
2025
View
Park/Greenbelt
Pets
Allowed
All facts and features

  • Flooring

    • Tile

    • Vinyl

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Private Entrance / Private Mailbox / Private Yard

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 11391000000

    • Zoning: RC

  • Type and style

    • Property Type: Residential

    • Property Sub Type: 1/2 Duplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Underground Utilities

  • Other financial information

    • Annual tax amount: $2,909

  • Source details

    • MLS ID: GC539885

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: None

    • Lot Features: Cleared

    • Direction Faces: Northeast

    • Living Area: 1587

    • Water Source: Public

    • Subdivision Name: NEW GAINESVILLE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32641
62
median $222K
Active
Same city
GAINESVILLE
1,093
median $279K
Active
Similar price
$154K – $286K
355
median $215K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC