Primary on Main
Address
1032 Nw 40th Avenue, GAINESVILLE, FL
Price
$ 145,000
Property Attributes
  • MLS#GC539805
  • TypeSingle Family
  • Listing Status Active
  • CountyAlachua
  • CityGAINESVILLE
  • AreaGainesville
  • NeighborhoodOAK HILL
  • Zip32609
  • StyleSingle Family Residence
  • Year Built1949
  • Taxes$ 1786
  • Price$ 145,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage423
  • Lot Size0.12 Acres
Data Source:
Stellar MLS
Property Description

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.

Price History
4/25/2026 Listed $149,900
5/5/2026 3$145,000

General Features

Sewer Public Sewer
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Utilities Electricity Connected,Sewer Connected,Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher,Dryer,Microwave,Range,Washer
Zoning RMF5
Construction Materials Other
Year Built 1949
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Alachua
New Construction false
Property Type Residential
Subdivision Name OAK HILL
Facing Direction South
Garage Y/N false
Total Rooms 4
Full Baths 1
Status Active
Directions Take NW 39th to NW 10th St. Turn onto NW 10th Street, then turn L onto NW 40th Ave. The house will be on the right.
City GAINESVILLE
Senior Community Y/N false
MLS Area 32609 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 5227
Carport Y/N false
Listing Terms Cash,Conventional
Land Lease Y/N false
Tax Annual Amount 1786.47
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539805
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 39
Legal Description 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
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
Flood Zone Code X Yes

Interior Features

Interior Amenities Primary Bedroom Main Floor
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room,Outside
Total Bedrooms 1
LivingAreaSource Public Records
Total Baths 1

Exterior Features

Exterior Amenities Private Mailbox,Private Yard
Water Source Public
Lot Size Area 5227
Foundation Details Crawlspace
Building Area Total 513
Lot Size Acres 0.12
Road Surface Type Paved
Private Pool false
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 32609

Price
AVG $260K
$150K
Taxes
AVG $3,142
$1,786
Year Built
AVG 1967
1949