Kimberly L. Waterhouse

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Listing provided courtesy of COLDWELL BANKER M.M. PARRISH REALTORSas Distributed by MLSGrid- MLS# MFRGC538532MLS Provider

1615 NW 3RD AVENUEGAINESVILLE, FL 32603

Commercial · 13,244 Sq. ft. | 0.38 Acres
$2,800,000 Active

1615 NW 3RD AVENUE Overview

Time on Site:
103 days
Visits:
0

College Park multifamily investment opportunity just steps from the University of Florida. This 13,244 SF property on 0.38 acres, comprising 21 rental units across multiple buildings, is income-producing. Located near Midtown and University Avenue with on-site parking, the property offers strong value-add potential through renovation, repositioning, or redevelopment in one of Gainesville’s most desirable rental markets.

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1615 NW 3RD AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 13,244
  • Price/Sq.ft. $211
  • Lot 0.38 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Alachua
  • MLS Area Major: 32603 - Gainesville
  • Subdivision Name: COLLEGE PARK
  • Township: 10

Tax Information

  • Tax Annual Amount: 32568
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 15032-000-000
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: RMU

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 13244
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air,Other
  • Foundation Details: Slab
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.38
  • Lot Size Square Feet: 16553
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,HardiPlank Type,Other,Frame

General Information

  • Number Of Units Total: 21
  • Road Frontage Type: City Street

1615 NW 3RD AVENUE Neighborhood

Community

32603 (Gainesville) Demographics

21
Median Age
5,160
Population Density (per sq. mile)
84%
College Educated
$18,116
Estimated Median Income
224
Estimated Total Home Owners
1,529
Estimated Total Renters
13% / 87%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1615 NW 3RD AVENUE Monthly Cost

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Meredith Medvec
Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1615 NW 3RD AVENUE Market Data

Based on the last 30 days in this zip code

$515,305
Average List Price
$299
Average Price per Square Foot
3
Properties Sold
95
Average Days on Market
19
Properties for Sale
Calculations provided by Reliance Network

1615 NW 3RD AVENUE History

Date Event Value Agent
3/19/2026Source: My Florida Regional MLS Added to Database
March 19, 2026