GAINESVILLE, FL 32641 1424 NE 1ST AVENUE

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Presented By: ARIUM REAL ESTATE, LLC with 321-209-0828. - 321-340-5963
  • MLS# GC539656
  • 04/18/2026
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 2
  • Baths • 1
  • SQFT • 922

Home Details

One or more photo(s) has been virtually staged. INVESTORS, HOUSE HACKERS, AND FIRST-TIME HOME BUYERS... YOU DON'T WANT TO MISS THIS! Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd. This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find. The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300) Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements. If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss. Seller is motivated. Schedule your private showing today. Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates.
Presented By: ARIUM REAL ESTATE, LLC with 321-209-0828. - 321-340-5963

Interior Features for 1424 NE 1ST AVENUE

Bedrooms

Total Bedrooms2

Bathrooms

Half Baths0
Total Baths1

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesNinguno
Laundry FeaturesElectric Dryer Hookup, Inside, Laundry Room, Washer Hookup

General for 1424 NE 1ST AVENUE

Additional Parcels Y/NNo
AppliancesBuilt-In Oven, Cooktop, Electric Water Heater, Freezer, Refrigerator
Architectural StyleTraditional
Building Area UnitsSquare Feet
Carport Y/NNo
CityGAINESVILLE
Construction MaterialsWood Frame
CoolingCentral Air
CountyAlachua
DirectionsFrom the University of Florida, head east on E University Ave. Continue straight to NE 13th St and turn left. Then turn right onto NE 1st Ave. The property will be on your right at 1424 NE 1st Ave.
DockY/NNo
Elementary SchoolMarjorie Kinnan Rawlings Elementary School-AL
Facing DirectionSouth
Flood Zone CodeX
Flood Zone Code XY
Full Baths1
Garage Y/NNo
HeatingElectric
High SchoolGainesville High School-AL
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionLAKEWAY GROVES PB C-14 LOT 3 BK B OR 1313/411
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet6098
Lot Size UnitsSquare Feet
MLS Area32641 - Gainesville
Middle/Junior High SchoolWestwood Middle School-AL
Minimum LeaseNo Minimum
New ConstructionNo
Occupancy TypeVacant
OwnershipFee Simple
Patio/Porch FeaturesNone
Pets AllowedYes
Property ConditionCompleted
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameLAKEWAY GROVE-IN NEW GV
Tax Annual Amount1591
Tax Lot3
Tax Year2025
Total Rooms7
UtilitiesCable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Street Lights, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1947
ZoningRMF7

Exterior for 1424 NE 1ST AVENUE

Building Area Total922
Exterior AmenitiesNone
Foundation DetailsCrawlspace
Lot Size Acres0.14
Lot Size Area6098
Private PoolNo
Road ResponsibilityPublic Maintained Road
Road Surface TypeAsphalt
SpaNo
VegetationMature Landscaping
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $164,900
MLS#GC539656
List Date 04/18/2026
Property Type Single Family
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