Nestled just minutes from the University of Florida campus, this concrete-block charmer offers the ultimate turnkey opportunity for savvy investors seeking an immediate, hassle-free revenue stream. The property comes complete with a reliable, long-term tenant already in place, allowing you to bypass the traditional marketing and leasing phase and collect instant rental income from day one. Built to last, the durable concrete block construction provides excellent structural peace of mind and true Florida-proof dependability. High-ticket capital expenditures have already been addressed, highlighted by a young roof installed in 2019 and a reliable HVAC system from 2018, ensuring efficient climate control and lower maintenance costs for years to come. The interior features a highly functional layout designed to maximize rental appeal and tenant comfort. A large, inviting living room serves as the central hub for relaxation, entertainment, or student study sessions, while three spacious bedrooms offer private, roomy accommodations that remain consistently in high demand. Outside, a fully fenced backyard creates a private oasis perfect for pets, outdoor gatherings, or relaxing in a hammock under the Florida sun. Positioned under ten minutes from UF, this location is exceptionally convenient for students, university faculty, healthcare professionals, and anyone looking to eliminate long daily commutes. Please note that the listing photos have been virtually staged to showcase the property's full aesthetic potential. Preferred lender credit $500.
For sale
$169,000
4808 NE 3RD PLACE, GAINESVILLE, FL 32641
3beds
936sqft
Single Family Residence
Built in 1971
0.25 Acres Lot
$161,800 Zestimate®
$181/sqft
$-- HOA
What's special
Private oasisThree spacious bedroomsHighly functional layoutFully fenced backyard
- 105 days |
- 598 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Jacquelyn Mercier 786-556-2298,
RABELL REALTY GROUP, LLC 352-559-8820
Source: Stellar MLS,MLS#: OM724380
Originating MLS: Gainesville-Alachua

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 120 Square Feet
- Dimensions: 10x12
Kitchen
- Level: First
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Level: First
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Microwave, Range, Refrigerator
- Laundry: Laundry Closet
Features
- Ceiling Fan(s)
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 1,072
- Total interior livable area: 936 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Has view: Yes
- View description: Garden
Lot
- Size: 0.25 Acres
Details
- Parcel number: 10864077000
- Zoning: R-1A
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete
- Foundation: Block, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: LAKE RIDGE SUB
HOA
- Has HOA: No
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $131,770
- Annual tax amount: $3,158
- Date on market: 5/12/2026
- Cumulative days on market: 106 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 14400
- Road surface type: Asphalt
Estimated market value
Zestimate®
$161,800
Estimated sales range
$154,000 - $170,000
Rent Zestimate®
$1,554/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $169,000+57.9%$181/sqft |
Source: | ||
| 5/3/2025 | Listing removed | $1,395$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/11/2025 | Listed for rent | $1,395+7.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/12/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/6/2024 | Listed for rent | $1,295$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/13/2023 | Listed for rent | $1,295$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/18/2019 | Sold | $107,000+7.1%$114/sqft |
Source: | ||
| 5/10/2019 | Pending sale | $99,900$107/sqft |
Source: AMERICAN DREAM OF NORTHEAST FLORIDA #984129 Report a problem | ||
| 5/7/2019 | Listed for sale | $99,900$107/sqft |
Source: AMERICAN DREAM OF NORTHEAST FLORIDA #984129 Report a problem | ||
| 4/30/2019 | Pending sale | $99,900$107/sqft |
Source: AMERICAN DREAM OF NORTHEAST FLORIDA #984129 Report a problem | ||
| 3/12/2019 | Listed for sale | $99,900$107/sqft |
Source: AMERICAN DREAM OF NORTHEAST FLORIDA #984129 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,158 -0.4% | $131,770 -0.9% |
| 2024 | $3,172 +98.6% | $133,016 +44.9% |
| 2023 | $1,597 +4.9% | $91,778 +3% |
| 2022 | $1,523 +2.1% | $89,104 +3% |
| 2021 | $1,492 +3.5% | $86,508 +1.4% |
| 2020 | $1,441 -13.7% | $85,314 +49.1% |
| 2019 | $1,670 | $57,212 +3.1% |
| 2018 | $1,670 +3.1% | $55,500 +27.9% |
| 2017 | $1,619 +160.9% | $43,410 +2.1% |
| 2016 | $621 +32.4% | $42,520 +0.7% |
| 2015 | $469 -1.1% | $42,230 +0.8% |
| 2014 | $474 -3.9% | $41,900 -5.4% |
| 2013 | $493 | $44,300 -7.5% |
| 2012 | -- | $47,900 +9.1% |
| 2011 | -- | $43,900 -22.7% |
| 2010 | -- | $56,800 -4.4% |
| 2009 | -- | $59,400 -4.8% |
| 2008 | -- | $62,400 +1.8% |
| 2007 | -- | $61,300 +8.7% |
| 2006 | -- | $56,400 +10.6% |
| 2005 | -- | $51,000 +7.8% |
| 2004 | -- | $47,300 +19.7% |
| 2003 | -- | $39,500 |
| 2002 | -- | $39,500 +2.9% |
| 2001 | -- | $38,400 +5.2% |
| 2000 | -- | $36,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32641
Nearby schools
GreatSchools rating
- 2/10Lake Forest Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Eastside High SchoolGrades: 7,9-12Distance: 1 mi
- 5/10Howard W. Bishop Middle SchoolGrades: 6-8Distance: 2.9 mi
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