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5811 NW 23rd Terrace #A, B, C, D, Gainesville, FL 32653

Gainesville
Local realty services provided by:CENTURY 21 Selling Paradise
5811 NW 23rd Terrace #A, B, C, D,Gainesville, FL 32653
$389,900
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active
Listed by: emily thomas
Office: bhgre thomas group
MLS#:GC535112
Source:MFRMLS

Price summary

  • Price:$389,900
  • Price per sq. ft.:$108.31
  • Monthly HOA dues:$102.67

About this home

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.

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Home facts

  • Year built:1978
  • Listing ID #:GC535112
  • Added:165 day(s) ago
  • Updated:April 19, 2026 at 12:16 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Bedroom Description:Primary Bedroom Main Floor
  • Living area:3,600 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1978
  • Building area:3,600 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick
  • Exterior Features:Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$389,900
  • Price per sq. ft.:$108.31
  • Tax amount:$2,973 (2024)

Features and amenities

  • Laundry features:Inside
  • Amenities:BB/HS Internet Available, Primary Bedroom Main Floor
  • Pool features:Public Pool
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