Residential Property - Single Family Residence in Gainesville
Listing Price: $145,000 (Mortgage Calculator →)
Description of Property
Welcome to a property that doesn’t quite fit in a box—and honestly, that’s the best part. 1032 NW 40th Ave isn’t just a home… it’s an opportunity waiting for the right kind of buyer to recognize it. Right now, it’s successfully operating as both an Airbnb and a midterm rental, which means it’s already proven itself as an income-producing asset. Whether you’re looking to continue that momentum or pivot into something new, the groundwork is here. If you’ve been searching for your first home and everything feels either too “cookie cutter” or just slightly out of reach, this one offers a different path toward affordable living. Live in the main home and let the property work for you. Offset your mortgage. Create flexibility. Build something. An additional structure sits on the property, ready for its next chapter. With the right vision, this could become a guest suite, a studio, a private office, or even a future rental unit. The potential for a multifamily-style setup is there - property is zoned RMF5. Whether you’re an investor looking for your next income stream, or a buyer who wants more than just a place to live… this property gives you room to think bigger.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Gainesville
County: Alachua
Subdivision: Oak Hill
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 513
Sq. Ft. Living Area: 423
Cost per (heated) sqare foot: $343
Year built: 1949
Annual Tax: $1,786
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Other
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Private Yard
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Wall Units / Window Unit
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.12
Lot Size (sq. ft.): 5,227 square feet
Front Exposure: South
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 08070000000
Zoning: RMF5
Tax Legal Desc.: OAK HILL PB A-167-168 LOTS 39 40 BK E LESS N 210 FT OF E 315 FT OF SE1/4 OF SW1/4 OF SW1/4) OR 4984/2484
Section: 20
Range: 20
Listing courtesy of ANSON PROPERTIES LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.