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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,973
Year Built: 1978
Square Feet: 1,800
Amenities
Primary Bedroom Main Floor
Sidewalk
Feature Descriptions
Annual Net Income: 32000.00
Days on Site: 126
Directions: Heading N or NW 34th St, pass NW 53 Ave, make a left on NW 23rd Terrace. Drive about 100 yards and property will be on the right.
Exterior: Brick
Flood Zone Code: X
Foundation: Slab
HOA Fee: 308/ Quarterly
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.11
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK, Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Supra Lock Box, Appointment Only, Call Before Showing, Call Listing Agent
Special Sale Provisions: None
Units: 4
Utilities: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: PD
Listed By / Shown By
Listed By
Agency Name: BHGRE THOMAS GROUP
Agency Contact: 352-226-8228
Shown By
Agent Name: Jamie Deihl
Agent Phone: (719) 468-9744
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 2,446.18 per month $2,073.04 Principal & Interest $247.75 Property Tax $125.39 Homeowner's InsuranceChange Payment Information
Print This Listingx
Select a format below, new window will open and will prompt you to print.
5811 NW 23rd Terrace, Unit A, B, C, D | MLS# GC535112
This multi-family property located at 5811 NW 23rd Terrace, Unit A, B, C, D, Gainesville, FL 32653 is currently listed for sale with an asking price of $429,900. Search Gainesville real estate on jamiedeihl.watsonrealtycorp.com today.