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1032 NW 40th Ave, Gainesville, FL, 32609

1beds
1baths
423sqft
$145,000
$343price/sqft
$1,315/moest. monthly cost
$52,600/yrincome needed

About This Home

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.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
66
BikeBikeable

Schools

3/10
Westwood Middle SchoolGrades 6-82.7 mi
6/10
Gainesville High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Crawlspace
  • Roof: Shingle
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Washer
  • Laundry features: Laundry Room,Outside

Bathroom1

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Primary Bedroom Main Floor
  • Flooring: Luxury Vinyl

Heating & Cooling

  • Heating features: Wall Units / Window Unit
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 513
  • Total interior livable area: 423 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Primary Bedroom

  • Features: Built-in Closet
  • Level: First

Property

Details

  • Parcel number: 08070000000
  • Zoning: RMF5
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Private Mailbox,Private Yard

Lot

  • Lot size: 5,227 sqft