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.
Address
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Address: 5811 NW 23RD TERRACE
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City: Gainesville
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State/county: FL
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Zip/Postal Code: 32653
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Country: US
Details
Atualizado em abril 19, 2026 no 6:37 pm-
Property ID GC535112
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Price $389,900
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Property Size 3600 m²
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Land Area 0.11 m²
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Bedrooms 8
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Bathrooms 4
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Garage Size x x
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Year Built 1978
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Property Type Quadruplex, Residential Income
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Property Status Canceled, For Sale
Additional details
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Listing Terms Cash,Conventional
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Association Fee 308
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Roof Shingle
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Utilities BB/HS Internet Available,Electricity Connected,Sewer Connected,Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Electric
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County Alachua
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Property Type Residential Income
Features
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Down Payment
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Property Tax
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Monthly HOA Fees