$449,900
5811 NW 23RD TERRACE UNIT A B C D
GAINESVILLE, FL, 32653
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.
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
Price:
$449,900
MLS #:
GC535112
Status:
Active
Beds:
8
Baths:
4
Address:
5811 NW 23RD TERRACE UNIT A B C D
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PINERIDGE II
Neighborhood:
32653gainesville
City:
GAINESVILLE
Listed Date:
Nov 4, 2025
State:
FL
Finished Sq Ft:
1,800
Total Sq Ft:
3,600
ZIP:
32653
Lot Size:
4,792 sqft / 0.11 acres (approx)
Year Built:
1978
Units:
4
Schools
Interior
Cooling
Central Air
Heating
Electric
Laundry Features
Inside
Exterior
Construction Materials
Brick
Exterior Features
Sidewalk
Roof
Shingle
Financial
HOA Fee
$308
HOA Frequency
Quarterly
HOA Name
Pineridge Association
Tax Year
2024
Taxes
$2,973
Mortgage Calculator
Map
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Courtesy of BHGRE THOMAS GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than Treasured Home Collection include the name of the listing broker. Neither the listing company nor Treasured Home Collection shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Orlando/Tampa – FL. All rights reserved. 5811 NW 23RD TERRACE UNIT A B C D
GAINESVILLE, FL
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