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1509 NE 5TH AVE
GAINESVILLE FL 32641 US

$220,000

Active Under Contract Listing ID GC539885
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3 bed
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1,587 square feet
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2.00 Bath (2 Full)
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Lot: 0.28 Acres
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Duplex

$220,000

Active Under Contract Listing ID GC539885
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1509 NE 5TH AVE 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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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Duplex
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Private Entrance, Private Mailbox, Private Yard
  • Floor Covering: Tile, Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Electric (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Duplex
  • listprice: 220000
  • unparsedaddress: 1509 NE 5TH AVE
  • postalcity: GAINESVILLE
  • stateorprovince: FL
  • country: US
  • postalcode: 32641
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingarea: 1587
  • livingareaunits: Square Feet
  • latitude: 29.655425
  • longitude: -82.305301
  • listagentfullname: Deena Erickson-Klacko
  • listagentemail: deenaericksonrealtor@gmail.com
  • listagentkey: 3yd-MFRMLSFL-259503806
  • listagentmlsid: 259503806
  • listagentpreferredphone: 3524942404
  • listagentofficephone: 3524942404
  • listofficekey: 3yd-MFRMLSFL-261010944
  • listofficemlsid: 261010944
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1980
  • listingcontractdate: 2026-04-28
  • listagentfax: 9413158597
  • listagenturl: http://www.orlandopowersearch.com
  • countyorparish: Alachua
  • parcelnumber: 11391-000-000
  • appliances: Electric Water Heater, Range, Refrigerator
  • cooling: Central Air
  • constructionmaterials: Block
  • flooring: Tile, Vinyl
  • heating: Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Shingle
  • view: Park
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Ceiling Fans(s)
  • exteriorfeatures: Private Entrance, Private Mailbox, Private Yard
  • rooms: Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.3053, 29.655424
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"deenaericksonrealtor@gmail.com", "ListBrokerageCity":"Jacksonville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"adminfl@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MFRMLSFL/c6fdd871eb7511dfbe2300219b994c72/20101108160457523.png", "ListBrokerageName":"eXp Realty LLC", "ListBrokeragePhone":"(888) 883-8509", "ListBrokeragePostalCode":"32256", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10752 DEERWOOD PARK BLVD. SUITE 100", "ListBrokerageWebsiteUrl":"http://www.orlandopowersearch.com", "ListOfficeAddress1":"10752 Deerwood Park Blvd., Suite 100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"261010944", "ListOfficeCity":"Jacksonville", "ListOfficeCountry":"US", "ListOfficeEmail":"a.shahin.broker@exprealty.net", "ListOfficePostalCode":"32256", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - GAINESVILLE, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1509-NE-5th-Ave_Gainesville_FL_32641_M67236-54827?f=listhub&s=MFRMLSFL&m=GC539885&c=rexren", "MLSModificationTimestamp":"2026-08-11 15:23:10", "Neighborhoods":[{"Description":null, "Name":"NEW GAINESVILLE"}], "PostalCode":null, "RoomCount":4, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2909, "TaxDescription":"New Gainesville PB A-65 Lots 5 6 BK 3 OR 4928/0093. Lots 5 and 6, Block 3, NEW GAINESVILLE, according to the map or Plat thereof as recorded in Plat Book A, Page 65, Public Records OF Alachua County, Florida", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/11/2026 3:34:27 PM GMT
Source Updated Date: 8/12/2026 12:56:16 AM GMT

Courtesy of: Deena Erickson-Klacko, EXP REALTY LLC, deenaericksonrealtor@gmail.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.