218 Sw 10th Street, Gainesville, FL 32601

$1,200,000
2,857
SqFt

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Sold Price
$1,200,000
List Price
$1,295,000
Status
Sold
Days on Market
24
Closing Date
Apr 14, 2026
MLS#
GC536926
Property Style
Duplex
Year Built
1933
Living Area
2,857
Lot Size
11,761
Acres
0.27
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
University Heights
MLS Area Major
Gainesville

Property Description

Incredible income-producing investment in a prime UF location. This unique property features two separate rental structures plus 15 income-generating parking spaces, offering immediate and diversified cash flow. The main residence is a remodeled 5-bedroom, 2-bath, two-story home with refinished hardwood floors and classic character. It is leased through July 2027, providing long-term stability. The second structure is an oversized one-bedroom apartment, also fully leased through July 2026, with a garage below that offers excellent potential for future conversion or expansion. In addition to the residential income, the property includes nine separately leased parking spaces generating monthly revenue, while the main house and apartment are supported by six additional dedicated parking spaces. With U-5 zoning, there is significant upside for redevelopment or increased density. Ideally located across from Midtown Park Eatery, just steps from Sorority Row, and The Swamp Restaurant, this property sits in one of the most desirable and high-demand areas near the University of Florida. Immediate income, upside potential, and an unbeatable location—opportunities like this are rare.

Additional Information

Taxes
$13093
Community Features
No Deed Restriction
Zoning
RH1
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Fireplace
Yes
Fireplace Description
Wood Burning
Exterior Construction
Other, Frame
Exterior Features
Other
Roof
Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Carport
2 Car Garage
Garage Spaces
2
Flood Zone Code
X
Parcel ID
13065-000-000
Legal Description
UNIVERSITY HGTS MB 104-10 E 96.5 FT OF LOTS 10 11 BK 2 OR 5145/0279

Listing courtesy of CORNERSTONE REALTY & MANAGEMENT SERVICES LLC. 352-278-4648

Selling Office: EXPLORE REALTY INC.

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