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

GAINESVILLE , FL 32653

MLS#: GC535112

$399,900

Status: Active
Listing number: GC535112
Listing provided by: BHGRE THOMAS GROUP
Listing agent phone: None
Last update: 5 days ago
On site: 4 months ago
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PINERIDGE II - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1978

Sq.Footage

3,600

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.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    Cats OK, Dogs OK, Yes

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $399,900

  • Tax Amount

    $2,973.45

  • Sq. Footage

    3, 600

  • Price/SqFt

    $111

HOA

  • Association

    Yes

  • Association Fee

    $308

  • Association Fee Frequency

    Quarterly

  • Association Fee Includes

    N/A

  • Total Monthly Fees

    $102.67

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    33, 34

  • Water Source

    Public

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Location

County

Alachua

Elementary School

Middle School

High School

Listing Courtesy of Emily Thomas , BHGRE THOMAS GROUP

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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.

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

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