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1424 NE 1ST AVE Gainesville, FL 32641

Neighborhood:

Lakeway Groves

2 Bed
1 Bath
922 Sq ft
1947 built
Welcome to a prime opportunity in the heart of Gainesville! Originally built by the seller’s father, this property blends character with potential and was most recently a rental generating $1,000/month. Now vacant with several recent updates, it’s ready for its next chapter. Located just 4 minutes from the University of Florida, downtown, shopping, and dining, this home sits on U2 zoning, opening the door to flexible living and income-producing possibilities such as single-family use, small multi-family (2–4 units), or additional dwelling options. Whether you’re a first-time buyer looking to step into ownership or an investor searching for your next play, this is a property you need to see in person to fully appreciate the upside. Seller is offering up to $3,000 toward buyer’s closing costs and/or prepaids, adding immediate value and flexibility. Please review disclosures and property questionnaire for details. Buyer to verify all zoning uses. Schedule your private showing today and come see the possibilities for yourself!
More Info and HOA
  • Price/Sq. Ft.$198
  • Neighborhood AmenitiesStreet Lights
  • MLS #539656
Exterior Features
  • TypeSingle Family Residence
  • Acres0.14
  • Architectural StyleTraditional
  • Exterior ConstructionFrame
  • RoofShingle
  • Exterior MiscNone
  • GarageNo
  • PoolNo
  • Patio And Porch FeaturesNone
Interior Features
  • FloorsVinyl
  • FeaturesNinguno
  • Appliances/EquipmentElectric Water Heater, Refrigerator, Built-In Oven, Cooktop, Freezer
  • A/CCentral Air
  • HeatingElectric
  • UtilitiesElectricity Connected, Phone Available, Water Connected, Cable Connected, Public, Fiber Optics
School Zone
  • Elementary SchoolMarjorie Kinnan Rawlings Elementary School-AL
  • Middle SchoolWestwood Middle School-AL
  • High SchoolGainesville High School-AL
Map Location
  • Road
  • Satellite
  • Hybrid
Listing History
  • Date Days ago Event New Price
  • Apr 22, 2026 0 days ago New on Market $182,500
Schedule Tour or Get More Info

Schedule a tour or receive an e-mail with more information about this property. For immediate assistance with this property or any other properties for sale, call Realtor Matt Price at (352) 281-3551.

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