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5811 NW 23RD TER #A, B, C, D,  GAINESVILLE, FL 32653

MLS# GC535112.  8 beds.  0.0 baths.  Apartment.  Active

$308.00 Quarterly Fees.  $2,973 in taxes (2024)

$389,900   Reduced by $10,000 (2.6%)

 

Remarks:

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.

Quick Info:

  • Listing is courtesy Of: BHGRE THOMAS GROUP ((352-226-8228))
  • Listing Agent: Emily Thomas ((904-699-8107))
  • Days on yellowkey: 158
  • Property Type: Apartment
  • Beds: 8
  • Baths: 0.0
  • Living Area Square Feet: 3600
  • Built 1978
  • Taxes: $2,973 (2024)
  • Garage Spaces: ()
  • Square Feet: 3600
  • Fees: $308 Quarterly
  • Alachua County
  • Terms: Cash, Conventional
  • Subdivision Info:
  • Occupancy Information: Vacant
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  • Subdivision Name: PINERIDGE II
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  • Interior Features: Primary Bedroom Main Floor
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  • Exterior Features: Sidewalk
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
4/9/2026Sale155GC535112Price Change$389,900-2.50%108.3055MLS
11/4/2025Sale0GC535112listed for sale$449,900-111.0833MLS




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