Single Family Residence at 4808 NE 3RD PL, GAINESVILLE
Single Family Residence at 4808 NE 3RD PL, GAINESVILLE, photo 2 of 11
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Single Family Residence at 4808 NE 3RD PL, GAINESVILLE, photo 5 of 11
dining area - 4808 NE 3RD PL, GAINESVILLE
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Single Family Residence at 4808 NE 3RD PL, GAINESVILLE, photo 11 of 11
11 photos

$169,000

4808 NE 3RD PL
GAINESVILLE, FL 32641
Listed by Jacquelyn Mercier · RABELL REALTY GROUP, LLC
Bedrooms
3
Bathrooms
1
Living area
936 sqft
Year built
1971

About this home

Nestled just minutes from the University of Florida campus, this concrete-block charmer offers the ultimate turnkey opportunity for savvy investors seeking an immediate, hassle-free revenue stream. The property comes complete with a reliable, long-term tenant already in place, allowing you to bypass the traditional marketing and leasing phase and collect instant rental income from day one. Built to last, the durable concrete block construction provides excellent structural peace of mind and true Florida-proof dependability. High-ticket capital expenditures have already been addressed, highlighted by a young roof installed in 2019 and a reliable HVAC system from 2018, ensuring efficient climate control and lower maintenance costs for years to come. The interior features a highly functional layout designed to maximize rental appeal and tenant comfort. A large, inviting living room serves as the central hub for relaxation, entertainment, or student study sessions, while three spacious bedrooms offer private, roomy accommodations that remain consistently in high demand. Outside, a fully fenced backyard creates a private oasis perfect for pets, outdoor gatherings, or relaxing in a hammock under the Florida sun. Positioned under ten minutes from UF, this location is exceptionally convenient for students, university faculty, healthcare professionals, and anyone looking to eliminate long daily commutes. Please note that the listing photos have been virtually staged to showcase the property's full aesthetic potential. Preferred lender credit $500.

Property details

MLS #
MFROM724380
Property type
Single Family Residence
Subdivision
LAKE RIDGE SUB
Status
Active
Days on market
91
On market date
May 12, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.25 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
LAKE FOREST ELEMENTARY SCHOOL
0.55 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
340
Student:teacher ratio
12.1:1
District
ALACHUA
Middle
ABRAHAM LINCOLN MIDDLE SCHOOL
2.68 mi away · Grades 6-9
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
735
Student:teacher ratio
24.5:1
District
ALACHUA
High
EASTSIDE HIGH SCHOOL
0.99 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,175
Student:teacher ratio
21.0:1
District
ALACHUA

Walkability

Blended score for GAINESVILLE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

40
Car-dependent
out of 100
EPA National Walkability Index
7.8 / 20 -- Below average walkable
Google Places amenity density
40 / 100
Restaurants & cafes0
Grocery stores0
Parks4
Schools3
Transit stops18
Pharmacies0

Market position

How this listing compares to current activity in GAINESVILLE, from live MLS data.

On the market 91 days -- 6 fewer days than GAINESVILLE's current average of 97 days.
For reference, the median list price across 1,459 active listings in GAINESVILLE right now is $224,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,168/mo
$33,800 down
$135,200 loan
Principal & interest$877
Property tax (est.)$141
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 11, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.