AgentLogo

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

GAINESVILLE , FL 32653

MLS#: GC535112

$429,900

Status: Active
Listing number: GC535112
Listing provided by: BHGRE THOMAS GROUP
Listing agent phone: None
Last update: 6 days ago
On site: 2 months ago
Browse Properties
PINERIDGE II - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1978

Sq.Footage

1,800

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

    $429,900

  • Tax Amount

    2973.45

  • Sq. Footage

    1, 800

  • Price/SqFt

    $238

HOA

  • Association

    Yes

  • Association Fee

    $308

  • Association Fee Frequency

    Quarterly

  • Association Fee Includes

    N/A

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

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Alachua

Elementary School

Middle School

High School

Listing Courtesy of Emily Thomas , BHGRE THOMAS GROUP

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Ashley Baillio

FOUNDER

Ashley Baillio

Call Ashley today to schedule a private showing.

(561) 609-2391

franko+southflorida@init.hr


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

4 2 bedroom 1.5 bath units remodeled in 2017
#GC535625

GAINESVILLE

3304 SW 26TH TERRACE

8 Beds

None Baths

3,600 Sq.Ft.

$469,900

MLS#: GC535625

Turnkey Multifamily Investment!! Excellent opportunity to add a 4 unit townhouse style building to your rental portfolio. Each unit features 2 bedrooms and 1.5 baths, a highly desirable layout that appeals to long-term tenants and supports consistent occupancy. The property is ideally located near major hospitals, making it attractive to healthcare workers and professionals. Public transportation, schools, daycare centers, and shopping are all nearby, further strengthening rental demand and tenant retention.
#GC536024

GAINESVILLE

707 SW 68TH TERRACE A-D

8 Beds

None Baths

3,600 Sq.Ft.

$480,000

MLS#: GC536024

This Northwest Gainesville quadruplex is a fantastic opportunity for investors looking to grow their portfolio with a property that offers both stability and upside. Each of the four units includes 2 bedrooms and 1 bathroom, featuring tile in the main living spaces and carpeted bedrooms—practical finishes that tenants appreciate and owners find easy to maintain. The solid concrete block exterior adds to the property’s durability and long-term value. While some updates would go a long way toward modernizing the space, the fundamentals are already in place—four units in an area known for consistent rental demand. With the right improvements, this property has excellent potential to generate strong returns and increase in value. Roofing permit indicates 2020 roof. Ideally situated near shopping, dining, schools, and major employers, this location offers quick access to the University of Florida, Santa Fe College, and downtown Gainesville. Tenants will love the convenience, and investors will appreciate the income stream that comes with multi-family housing. Whether you’re a seasoned investor or just getting started, this quadruplex presents a rare chance to create lasting value through thoughtful updates and smart management.
#GC534581

GAINESVILLE

5801 NW 23RD TERRACE

None Beds

None Baths

3,100 Sq.Ft.

$385,000

MLS#: GC534581

Investment opportunity in the fast growing SW area of Gainesville. This fully occupied unit will provide revenue from the first day of ownership. This 2 story quadruplex includes 4 townhouse units, each with 2 bedrooms and 1.5 bathrooms and washer/dryer. All units are currently tenant occupied with lease dates to June and July 2026.
#GC534673

GAINESVILLE

625 SW 67TH TERRACE A, B, C, D

8 Beds

None Baths

3,600 Sq.Ft.

$490,000

MLS#: GC534673

this well-maintained, partially-fenced quadraplex has units that were recently remodeled. washer/dryer combinations are within the units. building is on quiet, dead-end street. long-term tenants are in place, and monthly rents are currently at $4100. look past the personal items in the photos and evaluate the building amenities. fairly new appliances and hvac systems; laundromat and public transportation route stops at entrance to subdivision with a convenience store located within the neighborhood. located minutes from uf campus, uf shands and v.a. hospitals, shopping, restaurants, and is close to the downtown library and social events in the square. not far from state road 441, I-75, and paynes prairie preserve.
#GC534502

GAINESVILLE

3219 SW 26TH DRIVE

8 Beds

None Baths

3,306 Sq.Ft.

$455,000

MLS#: GC534502

2beds 1 bath per unit.
#TB8428118

GAINESVILLE

2442 NW 59TH AVENUE

8 Beds

None Baths

3,348 Sq.Ft.

$510,000

MLS#: TB8428118

$10,000 buyer incentive! Home & Guest house! Great investment opportunity near the Duckpond area, University of Florida and hospitals. Take a look at this 3 bedroom 2 bath 1408 sf home with a 1 bedroom1 bath 550sf detached ADU (Accessory Dwelling Unit). The main home is loaded with vintage character from the original wood floors to the craftsman style doors and trim. The kitchen has been updated with granite counter tops, wood cabinetry and recent appliances. Both bathrooms have updated showers and vanities. There is one bedroom and bath on the main floor and two bedrooms and one bath upstairs. There is a large rear enclosed patio and laundry area. For outdoor living there is a large deck facing the privacy fenced back yard. Large corner .23 acre lot with plenty of parking. The ADU has its own separate covered entrance, parking pad, 1 bedroom, 1 bath, tile floors throughout, great room with beams, dining area with solarium, laundry closet, rear deck, full kitchenette with refrigerator, stove, cabinets and sink. The main home and ADU are both currently rented. ADU was used as a short term rental in the past and did very well. More pictures coming soon. Some pictures depict the ADU when it was vacant. Main home, 3BR 2 BA is rented at $1,750 until January 2026 and 1 BR 1 BA ADU is rented until 6/30/2026 @ $1,000 per month.
#GC529845

GAINESVILLE

1035 NE 3RD AVENUE

4 Beds

None Baths

1,958 Sq.Ft.

$364,900

MLS#: GC529845

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service