5811 NW 23RD TER #A, B, C, D new Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32653
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $249
Subdivision Pineridge Ii
MLS Listing ID GC535112
Bedrooms 8
HOA Fees $102/qua
Year Built 1978
Annual Tax Amount $2,973
Lot Size 4,791 Sqft
Property Sub-Type Quadruplex
Property Description
Discover this exceptional four-unit income property in Northwest Gainesville! Each of the four self-contained units is thoughtfully designed with 2 bedrooms and 1 bath, and in-unit laundry. Located in a high-demand rental area, 15 minutes from UF, Shands, and the VA, this property offers both convenience and value. With consistent occupancy rates and market rents continuing to rise, the building delivers steady income with upside potential through rental increases or minor upgrades. AC has been replaced in 2017, two units in 2019, and one in 2021.
Three of the units are rented ($990, $990, and $900). The interiors for all 4 units have been updated and appliances were purchased in 2023 and 2025. Whether you're expanding your portfolio or looking for a turnkey property with proven returns, this quadruplex represents a solid investment opportunity with reliable performance and minimal management hassle.
Location
State FL
County Alachua
Community Pineridge Ii
Area 32653 - Gainesville
Zoning PD
Interior
Heating Electric
Cooling Central Air
Laundry Inside
Exterior
Exterior Feature Sidewalk
Utilities Available BB/HS Internet Available,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Others
Monthly Total Fees $102
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC535112