This income-producing property, located within the sought-after Historic Duckpond district, comprises three contiguous parcels with a total of four buildings. Situated at the corner of 8th Ave and 4th St, this property is strategically positioned just 0.5 miles from Downtown and a mere 1.4 miles from UF. The property boasts six well-maintained 2-bedroom, 1-bath units, with the majority of these units having undergone kitchen remodels. Additionally, these units feature elegant hardwood floors, inviting living rooms complete with fireplaces, separate dining areas, as well as screened-in and enclosed porches. Currently, the property is fully occupied, with several long-term tenants in place. Four out of the six units have been remodeled, enhancing their appeal. Notably, all residential units are currently rented at rates below market value, presenting the opportunity for increased rental income through rate adjustments. Current Monthly Gross Income is $6,750. Rents range from $850-$1600 per month. This property's prime location offers easy access to various amenities and institutions, including UF, downtown Gainesville, Shands Hospital, the VA Hospital, numerous dining options, shopping centers, and more. Furthermore, it is situated only steps away from prominent landmarks such as the Historic Thomas Center, Roper Park, and downtown Gainesville. As a reminder, please refrain from disturbing the existing tenants, and seize this opportunity to become the owner of a property in the highly desirable Duckpond area.
Sold for $850,000
$850,000
313 NE 8th Ave, Gainesville, FL 32601
12beds
6baths
3,566sqft
Multi Family
Built in 1937
-- sqft lot
$887,600 Zestimate®
$238/sqft
$2,685 Estimated rent
Home value
$887,600
$790,000 - $1.00M
$2,685/mo
Zestimate® history
Owner options
List your home for rent
$2,685/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,685/mo
Rent Zestimate®
Refinance and save
$5,988/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,988/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Historic thomas centerElegant hardwood floorsDowntown gainesvilleNumerous dining optionsShopping centersSeparate dining areas
Zillow last checked:
Listing updated:
Listed by:
Dawn Johnson 352-514-9508,
FIRST CHOICE REALTY OF NORTH FLORIDA LLC 352-514-9508
Bought with:
Anh-Thu Hillier, 3479266
RABELL REALTY GROUP LLC
Source: Stellar MLS,MLS#: GC516488
Originating MLS: Gainesville-Alachua
Originating MLS: Gainesville-Alachua
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Electric
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
- Laundry: Outside
Features
- Ceiling Fan(s), PrimaryBedroom Upstairs, Thermostat
- Flooring: Ceramic Tile, Tile, Hardwood
- Doors: French Doors
- Windows: Blinds, Window Treatments
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,566
- Total interior livable area: 3,566 sqft
Property
Parking
- Total spaces: 4
- Parking features: Curb Parking, Driveway, On Street, Open, Under Building
- Carport spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch, Rear Porch, Screened
- Exterior features: Sidewalk
Lot
- Size: 6,970 Square Feet
- Features: Corner Lot, Historic District, City Lot, Landscaped, Near Public Transit, Sidewalk
Details
- Additional structures: Storage
- Additional parcels included: 12272-002-000, 12272-003-000
- Parcel number: 12272000000
- Zoning: RSF3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar, Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: HIGHLANDS
HOA
- Has HOA: No
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $504,467
- Annual tax amount: $7,889
- Date on market: 9/27/2023
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 6750
- Tenant pays: Electricity, Sewer, Water
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2023 | Sold | $850,000$238/sqft |
Source:  Stellar MLS #GC516488 Report a problem | ||
| 10/4/2023 | Pending sale | $850,000$238/sqft |
Source: Stellar MLS #GC516488 Report a problem | ||
| 9/27/2023 | Listed for sale | $850,000+553.8%$238/sqft |
Source: Stellar MLS #GC516488 Report a problem | ||
| 6/30/2003 | Sold | $130,000+31.7%$36/sqft |
Source: Public Record Report a problem | ||
| 8/12/1998 | Sold | $98,700$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,760 +9.7% | $504,467 +9.8% |
| 2024 | $10,722 +19.1% | $459,493 +24.4% |
| 2023 | $9,001 +14.1% | $369,339 +10% |
| 2022 | $7,889 +3% | $335,763 +5.9% |
| 2021 | $7,659 -38.5% | $317,161 -31.5% |
| 2020 | $12,464 +6% | $463,321 +10% |
| 2019 | $11,754 | $421,201 -22.3% |
| 2018 | $11,754 +12.9% | $541,800 +55.6% |
| 2017 | $10,410 +19.6% | $348,100 +1.3% |
| 2016 | $8,704 +0.7% | $343,500 -0.4% |
| 2015 | $8,648 -2.3% | $345,000 -0.1% |
| 2014 | $8,851 -0.9% | $345,200 -0.7% |
| 2013 | $8,928 | $347,500 -5.5% |
| 2012 | -- | $367,600 -3.2% |
| 2011 | -- | $379,600 -4% |
| 2010 | -- | $395,400 -21% |
| 2008 | -- | $500,800 +26.6% |
| 2005 | -- | $395,500 +11.2% |
| 2004 | -- | $355,800 +31.8% |
| 2002 | -- | $269,900 +1.1% |
| 2001 | -- | $266,900 +33% |
| 2000 | -- | $200,700 |
Find assessor info on the county website
Neighborhood: Duckpond
Nearby homes
- $312,8003 bd1 ba1.5k sqft315 NE 8th Ave, Gainesville, FL 32601Off Market
- $--2 bd1 ba1.1k sqft726 NE 4th St, Gainesville, FL 32601Off Market
- $408,7002 bd2 ba1.2k sqft309 NE 8th Ave, Gainesville, FL 32601Off Market
- $--2 bd1 ba969 sqft722 NE 4th St, Gainesville, FL 32601Off Market
- $550,0004 bd3 ba2.5k sqft730 Ne Blvd, Gainesville, FL 32601Sold
- $354,4002 bd1 ba1k sqft725 NE 3rd St, Gainesville, FL 32601Off Market
- $837,7004 bd5 ba3.8k sqft303 NE 8th Ave, Gainesville, FL 32601Off Market
- $225,0003 bd2 ba1.6k sqft800 Ne Blvd, Gainesville, FL 32601Sold
Nearby schools
GreatSchools rating
- 2/10W. A. Metcalfe Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10Gainesville High SchoolGrades: 8-12Distance: 1.4 mi
- 3/10Westwood Middle SchoolGrades: 6-8Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: W. A. Metcalfe Elementary School-AL
- Middle: Westwood Middle School-AL
- High: Gainesville High School-AL
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$887,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$887,600
- Florida
- Alachua County
- Gainesville
- 32601
- Duckpond
- 313 NE 8th Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Gainesville Topics
