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203 NE 40th Lane

Gainesville, FL 32609

4 beds
2 baths
1,800 sqft
~1 acre lot
$133 per sqft
1983 build
– on site

New Roof Installed October 2024. Now offering $5,000 credits for closing or rate buy downs. Discover this exceptional investment opportunity in the heart of Gainesville! This property has been owned by the same owner as an investment for 30 years and now it's your turn. One side is vacant. A great potential to live in one side and rent the other. Nestled in the peaceful and desirable Pine Forest Estates, this well-maintained duplex offers the perfect blend of comfort, convenience, and potential rental income. Currently rented on both sides of this duplex, with a large lot and fenced in yard. This property is close to schools, shopping, dining, and the University of Florida. it would be ideal for investors or homeowners looking to live in one unit and rent out the other. Don’t miss out on this unique opportunity to own a duplex in the heart of Gainesville. Unit 1: 2 Bedrooms, 1 Bathrooms Unit 2: 2 Bedrooms, 1 Bathrooms Lot Size: 1.15 acres Parking: Ample parking for residents and guests (4 spaces) Outdoor Space: Spacious backyard with mature trees, fenced in yard

Listing courtesy of STELLAR_MLS / BOFFO REAL ESTATE GROUP LLC

Last checked: Checking… • Last updated Feb 17, 2025 •

MLS# G5085813 —

The Building

Year Built:

1983
New Construction:

false
Construction Materials:

Concrete
Levels:

One
Stories Total:

1
Roof:

Shingle
Foundation Details:

Slab
Floor Number:

1
Building Area Total:

1800
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

1800
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Slight left onto S Main St ? 1.3 mi Turn left onto SW 16th Ave ? 0.2 mi Turn right onto SW 6th St ? 0.5 mi At the traffic circle, continue straight to stay on SW 6th St 0.3 mi At the traffic circle, continue straight to stay on SW 6th St ? 0.1 mi At the traffic circle, continue straight to stay on SW 6th St ? 2.7 mi Turn right onto NW 39th Ave ? 0.5 mi Turn left onto NE 2 Way ? 0.1 mi Turn right onto NE 40 L
Latitude:

29.691684
Longitude:

-82.321582
Coordinates:

-82.321582, 29.691684

The Property

Parcel Number:

07965004047
Property Type:

Residential
Property Subtype:

Condominium
Lot Size Acres:

1.15
Lot Size Area:

1.15
Lot Size SqFt:

50094
Lot Size Units:

Acres
Zoning:

RMF5
Direction Faces:

Northeast
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

47
Tax Legal Description:

PINE FOREST ESTATES UNIT 2 PB K-70 LOT 47 & 2/136 INT IN COMMON AREA OR 2089/ 1852
Tax Book Number:

K-70
Tax Annual Amount:

2228.23

Beds

Bedrooms Total:

4

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/G5085813
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

Schools

Elementary School:

Stephen Foster Elementary School-AL
Middle Or Junior School:

Westwood Middle School-AL
High School:

Eastside High School-AL

The Community

Subdivision Name:

PINE FOREST ESTATES
Senior Community:

false
Community Features:

None
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Association Fee Includes:

None
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$240,000

Expense	Monthly cost
Mortgage	$1,285
Taxes	$185
Insurance	$66
Utilities	$141 See report
Total	$1,677/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Cox

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/17/25 Feb 17, 2025	Price Changed	STELLAR_MLS	$240,000	-5.9%
2/10/25 Feb 10, 2025	Price Changed	STELLAR_MLS	$255,000	-2.3%
1/15/25 Jan 15, 2025	Price Changed	STELLAR_MLS	$260,900	-0.3%

Condo For Sale

$240,000

Cost Est.

$1,677/mo.

Price drop −$15,000

Listing provided by broker:

Kayla Camps

BOFFO REAL ESTATE GROUP LLC

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This condo located in Gainesville, FL 32609 is currently for sale for $240,000. 203 NE 40th Lane is a 1,800 square foot condo with 4 beds and 2 baths that has been on Estately for 212 days. This condo is in the attendance area of Eastside High School, Stephen Foster Elementary School, and Westwood Middle School.

Listing Courtesy of: STELLAR_MLS and BOFFO REAL ESTATE GROUP LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.