Movoto Real Estate
Sold on 05/09/2021
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508 NE 4th Ave, Gainesville, FL 32601

$1,125,000

Last sold 05/09/2021 after 48 Hours

  • —

    bed

  • —

    bath

  • 9,182

    Sqft ($123/Sqft)

Multi-family not for sale

About 508 NE 4th Ave

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Rental estimate
Property description
Great investment opportunity! 8 unit apartment complex in the beautiful historic Duckpond neighborhood of Gainesville, FL just blocks from the Downtown, the new Depot park and Cade Museum. Living in the Duckpond is truly a unique experience. Residents are in love with the turn of the century architecture and history of the surrounding Colonial style homes. Within walking distance to the downtown which boasts some of the best entertainment, shops, bars, fine restaurants, theatre, parks, open air concerts – the area has a lot to offer. One thing is for sure, everyone who lives downtown loves being so close to the nightlife, a morning cup of coffee at a local cafe or a walk through one of the many parks the area has to offer. Not to mention its only 1 mile to the University of Florida and 2 miles to Shands hospital. Each unit has 2 bedrooms & 1.5 baths, central AC/heat, dishwasher, and a personal patio. These units are currently long-term rentals but they are begging to be run as an Airbnb/short-term rental, which could double if not triple your income. They could fit 4-8 adults per unit with pull-out sofas. They are not only in the perfect location, they are the perfect size!
Listed by
Listing Agent - Morgan Forrest
Listing Office - Cross Keys Realty, Inc.
Source: Stellar MLS mls logo
MLS#GC444265 • last updated 5 years ago
Movoto checked Stellar MLS for data 19 minutes ago
Overview
Cooling/AC Central Air
Type Residential Income
SubType Multi-Family
Status Sold
MLS # GC444265
SqFt 9182
Property Tax 11165
Year Built 1969
Interior
Laundry Outside
Exterior
Foundation Slab
Patio and Porch Patio
Lot Desc Corner Lot
Location
County Alachua
Subdivision Duck Pond
APN 14814-000-000
Multifamily Details
Total # of Units 8
We are not permitted to show value estimates for this property.
  • Jul 2021
    mls logo MLS # GC444265
  • Jul 19, 2021 Sold
    $1,125,000
  • May 7, 2021 Listed
    $1,195,000
  • Jul 2021
    mls logo MLS # 444265
  • Jul 19, 2021 Sold
    $1,125,000
  • May 10, 2021 Pending
    —
  • May 7, 2021 Listed
    $1,195,000 (+71.1%)
  • Jul 2021
    Public Records
  • Jul 15, 2021 Sold
    $1,125,000 (-5.9%)
  • Sep 2006
    Public Records
  • Sep 21, 2006 Sold
    $698,500
  • Year Property taxes Tax assessment
  • 2024
    $19,453 -11.4%
    $940,265 -3.02%
  • 2023
    $21,949 +1.7%
    $969,498
  • 2022
    $21,573 +76.8%
    $969,498 +47.16%
  • 2021
    $12,201 +9.3%
    $658,796 +9.67%
  • 2020
    $11,165 +1.3%
    $600,694 +18.29%
  • 2019
    $11,024 +4.5%
    $507,814 +2.05%
  • 2018
    $10,546 +11.2%
    $497,600 +25.06%
  • 2017
    $9,480 -0.3%
    $397,900 +1.66%
  • 2016
    $9,506 -5.1%
    $391,400
  • 2015
    $10,014
    —
  • 508 NE 4th Ave
    $1.12M
  • Duckpond
    $479K +11% y/y
  • 32601
    $276K -3% y/y
  • Gainesville
    $299K +1% y/y
No chart available
Statistics calculated by Movoto

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2/10
3/10
5/10
Gainesville High School
public Grades 9-12
Alachua
Source: GreatSchools.org © 2026. All rights reserved.

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