1032 NW 40th Ave, Gainesville, FL, 32609
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
Somewhat Walkable
Very Limited Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Alachua County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $733 | $8,796 |
| Home Insurance * | $106 | $1,272 |
| Property Taxes | $279 | $3,348 |
| Electricity | $197 | $2,366 |
| Total | $1,315 | $15,780 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $145,000 |
| 2026-04-25 | Listed for sale | $149,900 |
| 2025-02-02 | Listing removed | $1,300 |
| 2025-01-19 | Listed for rent | $1,300 |
| 2022-03-09 | Sold | $75,000 |
| 2022-01-24 | Pending sale | $84,900 |
| 2022-01-03 | Price change | $84,900 |
| 2021-12-08 | Listed for sale | $94,900 |
| 2021-11-23 | Pending sale | $94,900 |
| 2021-11-02 | Listed for sale | $94,900 |
| 2012-08-06 | Sold | $11,800 |
| 2012-02-14 | Listing removed | $18,000 |
| 2012-02-08 | Listed for sale | $18,000 |
| 2011-12-20 | Listing removed | $24,900 |
| 2011-11-10 | Price change | $24,900 |
| 2011-08-20 | Listed for sale | $26,500 |
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