$2,000,000
203 15th Street
Gainesville, FL 32603
Listing updated: April 18, 2026 at 7:55 AM ET
Listing courtesy of Cornerstone Realty & Management Services Llc · Jamie Williams · MLS #GC535966 · Active · 352-262-4914Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Incredible Investment Opportunity – 8-Unit Portfolio Just TWO Blocks From UF! This prime-location portfolio offers unbeatable walkability to the University of Florida—just a short stroll from campus—and sits within the highly desirable U5 zoning district, opening the door to strong long-term value. All 8 units are fully leased through July 2027, providing immediate, stable income from day one. Property Highlights- Six (6) One-Bed/One-Bath Units, Each unit includes a full kitchen, living area, and a private bathroom & In-unit washer & dryer, stylish LVP flooring throughout. Each apartment has one assigned parking space per unit These are clean, efficient layouts that stay rented with ease. The corner Duplex (Two 1/1 Units) features a spacious living/dining combo, full kitchen, and private bath & one parking space per unit Fantastic visibility on the corner lot This rare offering is perfect for investors looking to grow their Gainesville portfolio with solid cash flow, premium location, and built-in stability. Properties this close to UF—with strong leases in place—don’t hit the market often!
Local Insight
At $451/sqft for a 1920-built multi-family property in Gainesville, you're looking at a solid value play in a college town with built-in tenant demand, though you'll need to factor in the age of the building—foundation issues, outdated systems, and deferred maintenance are real risks that should be professionally inspected before committing. The 0.35-acre lot is tight for 4,400+ square feet, which limits any expansion potential, but being in a non-flood zone and outside HOA restrictions gives you flexibility on how aggressively you can renovate or rent.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history129 days on market
- Status: ActiveJan 6, 2026
- Listed$2,000,000Dec 10, 2025
- Price increased$2,000,000
Facts & features
- Property type
- Residential Income
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 129
- Subdivision
- Brown B W Orrs Sub
- County
- Alachua
- Year built
- 1920
- Living area
- 4,433 sq ft
- Price/sq ft
- $451
- Lot size
- 15,246 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12001C0314D)
- Annual taxes
- $33,237 (2025)
- Parcel #
- 14925-000-000
- Zoning
- RMU
- MLS #
- GC535966
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Interior Details
- Bedrooms
- 0
- Interior features
- Other, Window Treatments
- Laundry
- Inside
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air, Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Sidewalk
- Construction materials
- Block, Other, Frame
- Roof
- Shingle
- Foundation
- Crawlspace, Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2025-12-09
- On market date
- 2025-12-10
- Original list price
- $2,000,000
- MLS area
- 32603 - Gainesville
- Listing AOR
- Gainesville-Alachua
- Status changed
- 2026-01-06
- Tax legal description
- ORR S/D PB A-76 LOTS 7 8 & 9 BK 3 OR 5043/2443
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I 75 Head East on University Avenue until you reach NW 15th Street. Make a left and then take a right on NW 2nd avenue. Duplex is on NW 15th street/NW 2nd Avenue and 6 plex is also on NW 2nd avenue right next door
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 18, 2026 at 7:55 AM ET. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA