This very well maintained duplex is located 3 minutes from the University of Florida in the heart of the Duckpond Historic District! Both units are 2 bedroom/1 bathroom with updated plumbing; currently operated as a short-term rentals, grossing $41,138.30 in the trailing 12 months. Large already cleared lot with plenty of room for development of additional units. Professionally managed, current management would like to continue their services for the incoming buyer. Net income is pro-forma estimate. This is a great opportunity for an investor, owner occupant buyer, and/or a developer.
Sold for $360,000
$360,000
408 NW 5th Ave, Gainesville, FL 32601
4beds
2baths
1,560sqft
Duplex, Multi Family
Built in 1992
-- sqft lot
$359,800 Zestimate®
$231/sqft
$2,194 Estimated rent
Home value
$359,800
$342,000 - $378,000
$2,194/mo
Zestimate® history
Owner options
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$2,194/mo
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$2,194/mo
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$2,565/mo
Est. payment
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$2,565/mo
Est. payment
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List your homeWhat's special
Updated plumbingLarge already cleared lot
Zillow last checked:
Listing updated:
Listed by:
Joe Klenck 352-514-4725,
THE MULTIFAMILY ADVISORS 352-871-8324
Bought with:
Shawn Hicks, 3057584
THOMAS LYNNE REALTY GROUP LLC
Source: Stellar MLS,MLS#: GC538961
Originating MLS: Gainesville-Alachua
Originating MLS: Gainesville-Alachua
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Features
- Living Room/Dining Room Combo, Stone Counters, Thermostat
- Flooring: Luxury Vinyl, Tile
- Has fireplace: No
Interior area
- Total interior livable area: 1,560 sqft
Property
Parking
- Parking features: Curb Parking, Driveway, Ground Level, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered, Enclosed, Front Porch, Screened, Side Porch
- Exterior features: Private Entrance, Private Yard, Storage
- Fencing: Fenced
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 14480000000
- Zoning: PD
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: BRUSH ADD TO GVILLE
HOA
- Has HOA: No
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $155,815
- Annual tax amount: $3,275
- Date on market: 3/31/2026
- Cumulative days on market: 35 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Sold | $360,000-4%$231/sqft |
Source:  Stellar MLS #GC538961 Report a problem | ||
| 5/6/2026 | Pending sale | $374,900$240/sqft |
Source: Stellar MLS #GC538961 Report a problem | ||
| 3/31/2026 | Listed for sale | $374,900+212.4%$240/sqft |
Source: Stellar MLS #GC538961 Report a problem | ||
| 5/28/2004 | Sold | $120,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,276 +9.5% | $133,449 +10% |
| 2024 | $2,991 +2.6% | $121,317 +10% |
| 2023 | $2,914 +12.7% | $110,288 +10% |
| 2022 | $2,587 +6% | $100,262 +10% |
| 2021 | $2,441 +9% | $91,147 +10% |
| 2020 | $2,240 +6.9% | $82,861 +10% |
| 2019 | $2,095 | $75,328 -28.5% |
| 2018 | $2,095 +8.8% | $105,300 +14.1% |
| 2017 | $1,925 +7.7% | $92,300 +63.1% |
| 2016 | $1,789 +24.4% | $56,600 -0.7% |
| 2015 | $1,438 -2.5% | $57,000 -2.4% |
| 2014 | $1,475 -3% | $58,400 -2.7% |
| 2013 | $1,521 | $60,000 -2.4% |
| 2012 | -- | $61,500 -12.4% |
| 2011 | -- | $70,200 -5.5% |
| 2010 | -- | $74,300 -7.8% |
| 2009 | -- | $80,600 -2.4% |
| 2008 | -- | $82,600 +1.3% |
| 2007 | -- | $81,500 +5% |
| 2006 | -- | $77,600 +7.8% |
| 2005 | -- | $72,000 +7.9% |
| 2004 | -- | $66,700 +20.6% |
| 2003 | -- | $55,300 |
| 2002 | -- | $55,300 +0.4% |
| 2001 | -- | $55,100 +1.7% |
| 2000 | -- | $54,200 |
Find assessor info on the county website
Neighborhood: Pleasent street
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Nearby schools
GreatSchools rating
- 5/10Caroline Beatrice Parker ElementaryGrades: K-5Distance: 1.2 mi
- 6/10Gainesville High SchoolGrades: 8-12Distance: 1.2 mi
- 3/10Westwood Middle SchoolGrades: 6-8Distance: 2.5 mi
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Estimated market value
$359,800
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Estimated market value
$359,800
- Florida
- Alachua County
- Gainesville
- 32601
- Pleasent street
- 408 NW 5th Ave
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Nearby neighborhoods
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