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5811 NW 23RD TERRACE UNIT A, B, C, D

Multi-family For Sale
$449,900

BTC: 14.99666667

ETH: 224.95000000

30 days
8 bds
1,800 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • GAINESVILLE • 32653 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1978
Lot:
0.11 Acres
Heating:
Electric
Price/sqft:
$250
Cooling:
Central Air
HOA:
$308
All facts and features

  • Heating

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Levels: One

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 06014002033

    • Zoning: PD

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $308

    • HOA Frequency: Quarterly

    • Annual tax amount: $2,973

  • Source details

    • MLS ID: GC535112

    Other facts

    • Construction Materials: Brick

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 1800

    • Water Source: Public

    • Subdivision Name: PINERIDGE II

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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 ©2025-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: BHGRE THOMAS GROUP