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724 SW 68TH TERRACE

Multi-family For Sale
$440,000

BTC: 6.94006309

ETH: 231.25762099

2 days
8 bds
3,902 sqft

Overview

Renovated and cash-flowing brick quadruplex for sale with stellar occupancy history! All units are 2BD/1.5BA townhome style with open layouts and 975+/- sqft of living space. Unit A - $1,200, Unit B - $1,258, Unit C - Vacant for tours (previously $1,300), Unit D - $1,170. Completely remodeled kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, private deck areas for both bedrooms, and private fenced backyard areas. Tenants pay all utilities, no HOA. 2025 asphalt shingle roof, 3 HVACs are less than 4 years old. Electric is copper wire with cutler hammer and square D breakers. Main plumbing drains are PVC. Plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves. Located at the front of the Cedar Ridge subdivision of Gainesville, FL; within 5 miles of the Oaks Mall, University of Florida, HCA North Florida Hospital, as well as several shopping centers & other amenities. This quad is being offered for sale along with 2 additional quadruplexes (1 directly adjacent) and duplex in the same subdivision (723 SW 69th St, 712 SW 70th Ter, and 714 SW 69th St). Buildings can be purchased individually or as portfolio. Marketing package linked with information on all buildings. If you’re looking for a renovated, stabilized, and cash-flowing investment this is your opportunity! Call today to schedule a tour!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1981
Lot:
0.25 Acres
Heating:
Central
Price/sqft:
$113
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$469,500
$415K – $561K
Confidence Low
List vs. estimate
$29K below estimate
List $440,000 · -6.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$112
-18.3% vs. city median $138
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,883
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 06655053009

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $8,883

  • Source details

    • MLS ID: GC542159

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Washer Hookup

    • Living Area: 3902

    • Water Source: Public

    • Subdivision Name: CEDAR RIDGE

Private inquiry
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Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: THE MULTIFAMILY ADVISORS