In the present communication multifunctional characterizations suitable for spintronics and memory storage devices are described. Double doped (Gd3+, 3+ , Sm3+) 3+ ) ZnO nanoparticles are prepared from Sol-Gel method using poly vinyl alcohol (PVA) as chelating agent. The as prepared powders are annealed at 500 degrees C-1000 degrees C with a step size of 100 degrees C. The genesis of single phase hexagonal wurtzite structure, morphological and topographical changes, optical, magnetic and mechanical properties were studied with XRD (X-ray diffraction), SEM (scanning electron microscopy), TEM (transmission electron microscopy), EDS (energy dispersive spectroscopy), UV- DRS (ultraviolet diffuse reflective spectroscopy), PL (photoluminescence), VSM (vibrating sample magnetometer) and pin on disc tribometer. XRD study untangled the crystallite size and found to be in the range23-50nm. Polycrystalline nanoparticles of spherical geometry with induced porosity is observed from SEM study. The particle size associated with the samples annealed at 500 degrees C and 900 degrees C is 24 nm and 27 nm respectively from TEM study. Analyzed the proximity of functional groups, molecular vibrations in the range of 400-4000 cm-1 employing FTIR (Fourier transform infrared spectroscopy). EDS results revealed the stoichiometry of the produced samples. The pronounced optoelectronic applications of Zn 1-x Gdx x Smx x O (ZGS) can be attributed to the large band gap (3.50-3.02 eV) associated with the materials with rise in annealing temperature. The room temperature ferromagnetism was evidenced with double doped ZnO nanomaterials. The wear coefficient, and friction coefficient were evaluated using pin-on-disc tribometer. The utility of materials as solid state lubricants was confiscated from the range of frictional coefficient values (0.067-0.893).