For Sale

Listed by Emily Behr from BHGRE THOMAS GROUP

Source: Stellar MLS #GC535112

A, B, C, D/5811 Northwest 23rd Terrace, Gainesville, FL, 32653

$389,900

8
4
3600 sq. ft.
4792 sq. ft.

Duplex

30+ days on the market

What's around A, B, C, D/5811 Northwest 23rd Terrace

About this property

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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