Prime UF Investment Opportunity – 6 Income-Producing 1BR Units Just 4 Blocks from Campus! Wake up and be in the heart of campus in under 5 minutes! This rare opportunity to own six income-generating 1BR/1BA units in the highly desirable U5 zoning district is perfect for investors seeking consistent rental income and long-term appreciation. Located just four blocks from UF’s Business School and caddy-corner to the Gate gas station, this property offers unbeatable walkability for students and professionals alike. Five of the six units are currently leased through July 2026, providing immediate and stable cash flow. One unit is currently vacant—ideal for a new owner to renovate or lease at market rate. Whether you’re expanding your portfolio or making your first leap into student housing, this property checks all the boxes: location, zoning, and income. Don’t miss this rare multifamily gem in one of Gainesville’s highest-demand rental corridors.
TownhomeProperty Type
1959Year Built
0.27 acresLot Size
$277Price/Sq.Ft.
Listed by Jamie Williams• CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
Prime UF Investment Opportunity – 6 Income-Producing 1BR Units Just 4 Blocks from Campus! Wake up and be in the heart of campus in under 5 minutes! This rare opportunity to own six income-generating 1BR/1BA units in the highly desirable U5 zoning district is perfect for investors seeking consistent rental income and long-term appreciation. Located just four blocks from UF’s Business School and caddy-corner to the Gate gas station, this property offers unbeatable walkability for students and professionals alike. Five of the six units are currently leased through July 2026, providing immediate and stable cash flow. One unit is currently vacant—ideal for a new owner to renovate or lease at market rate. Whether you’re expanding your portfolio or making your first leap into student housing, this property checks all the boxes: location, zoning, and income. Don’t miss this rare multifamily gem in one of Gainesville’s highest-demand rental corridors. All units have parking and additional parking spaces to sell!
Stellar MLS as Distributed by MLS Grid #GC532878
Apr 6, 2026
Sold
$915,000
$277/sq ft
Feb 19, 2026
Pending
—
Jan 5, 2026
Price Changed
$1,050,000
$318/sq ft
Nov 28, 2025
Price Changed
$1,175,000
$356/sq ft
Nov 28, 2025
Price Changed
$1,750,000
$530/sq ft
Nov 4, 2025
Price Changed
$1,250,000
$379/sq ft
Aug 19, 2025
Price Changed
$1,350,000
$409/sq ft
Jul 28, 2025
Listed
$1,500,000
$455/sq ft
STELLARMLS #C524660
Jan 6, 2025
Rental Removed
$1,100
$0/sq ft
Oct 16, 2024
Listed for Rent
$1,100
$0/sq ft
Sep 22, 2024
Rental Removed
$1,100
$0/sq ft
Aug 24, 2024
Listed for Rent
$1,100
$0/sq ft
Stellar MLS as Distributed by MLS Grid #GC508092
Nov 1, 2022
Sold
$1,345,500
$408/sq ft
Sep 2, 2022
Pending
—
Sep 1, 2022
Listed
$999,500
$303/sq ft
Walk to the University of Florida. Prime corner lot on 5th and 14th. Six income producing properties.
Public Records
Oct 1, 2002
Sold
$235,000
$71/sq ft
Public Records
Mar 26, 2001
Sold
$200,000
$61/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,781 (+5.2%)
2024
$9,296 (+14.4%)
2023
$8,124 (+23.5%)
$164,657 + $187,581
$352,238
2022
$6,581 (−3.0%)
$164,657 + $187,581
$352,238
2021
$6,783 (−0.5%)
$164,654 + $125,391
$290,045
2020
$6,816 (−27.3%)
$164,654 + $127,535
$292,189
2019
$9,381 (+10.4%)
2018
$8,499 (+1.0%)
$297,400 + $136,100
$433,500
2017
$8,412 (+22.2%)
$300,900 + $151,600
$452,500
2016
$6,886 (−0.7%)
$300,900 + $151,600
$452,500
2014
$6,933
$180,500 + $101,100
$281,600
Tax history for 1401 NW 5th Ave
Year
Property tax
Land + Additions
Assessment*
2025
$9,781 (+5.2%)
2024
$9,296 (+14.4%)
2023
$8,124 (+23.5%)
$164,657 + $187,581
$352,238
2022
$6,581 (−3.0%)
$164,657 + $187,581
$352,238
2021
$6,783 (−0.5%)
$164,654 + $125,391
$290,045
2020
$6,816 (−27.3%)
$164,654 + $127,535
$292,189
2019
$9,381 (+10.4%)
2018
$8,499 (+1.0%)
$297,400 + $136,100
$433,500
2017
$8,412 (+22.2%)
$300,900 + $151,600
$452,500
2016
$6,886 (−0.7%)
$300,900 + $151,600
$452,500
2014
$6,933
$180,500 + $101,100
$281,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
2009
Sq. Ft.
3,300
Year built
1959
Style
Other
County
Alachua County
APN
15197-000-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 29, 2026.
U5
Urban 5 District
Consists of a wide range of residential building types. Higher number zones provide for the integration of offices and neighborhood services within an increasingly urban fabric. Setbacks and landscaping are variable. Streets with curbs and sidewalks define medium-sized blocks.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Educational/school
Park & open space
Jan 16, 2023 • Final
Electrical
Electrical
Mar 19, 2018 • Final
Roofing
Reroof a residential building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Bedroom Information
# of Bedrooms: 6
Bathroom Information
# of Full Baths (Total): 6
Laundry Room Information
Laundry Features: None
Other Rooms Information
# of Rooms: 3
Heating & Cooling
Heating Information: Ductless
Cooling Information: Wall/Window Unit(s)
Interior Features
Interior Features: Ceiling Fans(s)
Appliances: Range, Range Hood, Refrigerator
Flooring: Terrazzo
Exterior
Building Information
Construction Materials: Block
Roof: Shingle
Exterior Features
Exterior Features: Sidewalk
Property Features
Universal Property Id: US-12001-N-15197000000-R-N
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 0
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
CDD Y/N: 0
Homestead Y/N: 0
Property Type: Residential
Property Sub Type: Half Duplex
Zoning: RMF8
Land Information
Total Acreage: 1/4 to less than 1/2
Lot Information
Lot Size Acres: 0.27
Road Surface Type: Asphalt
Lot Size Square Meters: 1093
Building Information
MFR_BuildingAreaTotalSrchSqM: 364.64
Financial
Tax Information
Tax Annual Amount: $9,296
Tax Year: 2024
Lease / Rent Details
Lease Restrictions YN: 0
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Public
Location
Multi-Unit Information
Unit Number YN: 0
HOA Information
MFR_Association2YN: 0
Location Information
Directions: Head East on University towards NW 15th street, make a left. Make a right on NW 5th Avenue, 6plex is on the right corner across from legacy at standard
Community Information
Development: Brown Addn
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 3,300
Stories: 1.0
Lot Size: 0.27 acres
Style: Other
Year Built: 1959
Year Renovated: 2009
County: Alachua County
APN: 15197-000-000
Home facts updated by county records on Oct 29, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Attribution Contact: 352-278-4648
Previous Status: Pending
Backups Requested YN: 0
Listing Date Information
Days to Contract: 206
Status Contractual Search Date: 2026-04-06
Listing Price Information
Calculated List Price By Calculated Sq Ft: 318.18
Green Information
Green Verification Count: 0
Direction Faces: North
Home Information
Living Area: 3300
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 306.58
Building Area Total: 3925
Building Area Units: Square Feet
Building Area Source: Public Records
Foundation Details: Slab
Levels: One
Around this home
Schools
K - 12
Preschool & daycare
Caroline Beatrice Parker Elementary
Public K-5 • Assigned • 0.5mi
3/10
Gainesville High School
Public 8-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 107° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Gainesville, FL • 32603
Average low and high temperatures (°F)
64
42
72
51
78
56
83
63
88
70
90
74
92
76
90
76
87
71
79
64
77
57
69
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
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Based on information submitted to the MLS GRID as of Thu Nov 12 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.