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

For sale Days on market 57

$429,900

$239/sq ft

$20,000
Price Decreased

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

For sale Days on market 57

$429,900

$239/sq ft

$20,000
Price Decreased

Overview

Bedroom

Year Built

1978

Sqft

1800

Property Type

Quadruplex

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 Details

MLS#

GC535112

Address

5811 23RD NW

City

Gainesville

State/county

Zip/Postal Code

32653

Area

Pineridge Ii

Country

United States

HOA

Yes

Assoc Fee

$308

Assoc Fee Pd

Quarterly

Tax Amount

$2,973

Maint Fee

$--

Tax Year

2024

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