20
Map
$240,000
↓ $4K (1.6%)
●
House -
For Sale
1623 NE 16TH WAY
GAINESVILLE, FL 32609
3 Beds
1 Bath
840 Ft²
$1,408
Est. Monthly
About This Property
Welcome to your next home, a beautifully updated 3-bedroom, 1-bath
home near both the University of Florida and downtown
Gainesville.
Renovated in 2022, this home features a newer roof, A/C, water heater, windows, kitchen appliances, granite countertops, newer flooring, and a refreshed kitchen. With its modern updates and central location, it's perfect for first-time homeowners or anyone looking to be close to everything Gainesville has to enjoy.
Renovated in 2022, this home features a newer roof, A/C, water heater, windows, kitchen appliances, granite countertops, newer flooring, and a refreshed kitchen. With its modern updates and central location, it's perfect for first-time homeowners or anyone looking to be close to everything Gainesville has to enjoy.
Unit Size
840 Ft²
Days on Market
228 days
Land Size
0.11 acres
Price per sqft
$286
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1953
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Stellar MLS #O6383814)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 4, 2026 | Price Decreased |
$240,000
↓ $4K
(1.6%) | |
| Price Decreased | |||
| Apr 14, 2026 | Price Decreased |
$244,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$249,500
↓ $10K
(3.7%) | |
| Price Decreased | |||
| Feb 18, 2026 | Listed by LPT REALTY, LLC | $259,000 | |
| Listed by LPT REALTY, LLC | |||
| Sep 5, 2025 | Listed | $262,000 | |
| Listed | |||
| | |||
|
Welcome to your next home, a beautifully updated 3-bedroom, 1-bath home near both the University of Florida and downtown Gainesville. Renovated in 2022, this home features a newer roof, A/C, water heater, windows, kitchen appliances, granite countertops, newer flooring, and a refreshed kitchen. With its modern updates and central location, it’s perfect for first-time homeowners or anyone looking to be close to everything Gainesville has to enjoy.
| |||
Show More
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s)
Appliances: Dryer, Range, Refrigerator, Washer
Flooring Type: Luxury Vinyl
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 3
Exterior Details
Square Footage: 840
Square Footage Source: $0
Year Built: 1953
Building Area Total: 871
Levels: One
Building Area Units: Square Feet
Construction Materials: Block
Lot Size Area: 4792
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Tax Lot: 14
Water Source: None
Financial Details
Tax Annual Amount: $2,748
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Gainesville
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Listed by: Jose Martinez Rivera LLC
LPT REALTY, LLC
Last Updated: 6 months ago
Data Source: Stellar MLS, MLS# O6383814
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
LPT REALTY, LLC
Last Updated: 6 months ago
Data Source: Stellar MLS, MLS# O6383814
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017