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    2442 NW 59Th Ave Gainesville, FL 32653

    Sponsored
    For Sale
    Pending
    $380,000

    Quadruplex - GAINESVILLE, FL

    Type:Quadruplex
    Property size:
    3,348 SF
    Lot size:
    0.13 Acres
    Days on Market:
    782
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2442 NW 59Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Pending
    Zoning
    PD
    APN
    06014-007-077
    Pets allowed
    Yes
    Interior features
    Open Floorplan
    Appliances
    Dishwasher, Refrigerator, Washer
    Size
    3,348 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Expense value
    86.669998168945
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Number of units
    4
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    RE/MAX Professionals (352) 375-1002 [email protected]

    Listing agent Dada McGlynn (352) 375-1002 License #3112603

    Listing date Nov 16, 2023

    MLS# GC517523 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gainesville Quadruplex Investment Opportunity

    This quadplex, located in NW Gainesville, Florida, is offered for sale as a stand-alone property or as part of a larger real estate portfolio. Each of the four units features 2 bedrooms and 1 bath, along with individual laundry hook-ups. The property is centrally located, within walking distance of the Super Walmart Center and a short drive to UF Health. Several improvements have been made in recent years, including 3 updated water heaters, 3 updated ACs, 3 updated refrigerators, updated flooring in 2 units, newer cabinetry in one unit, and one updated stove. The property is currently renting below market values, presenting an opportunity to increase the cap rate. The current gross rents total $2995 per month. The property is zoned PD and sits on a 0.13-acre lot. The building size is 3348 square feet. This property could be a great starter investment property, or an owner could live in one unit and rent out the other three.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.361117
    Latitude
    29.711217

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    FAQs

    What type of property is this?
    Quadplex - Centrally located Gainesville quad with income potential.
    Where is this quadplex located?
    The property is located at 2442 NW 59Th Ave Gainesville, FL.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Investment opportunity: Part of a portfolio or stand-alone quad, ideal for investors or owner-occupiers.; - Income potential: Current rents are below market value, offering significant upside for increased cap rate.; - **Updated systems:** Recent improvements include updated water heaters, AC units, and refrigerators in multiple units.
    (352) 317-5681
    Request Owner's contact information
    2442 NW 59Th Ave Gainesville, FL 32653
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    Gainesville, FL 32653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2442 NW 59Th Ave Gainesville, FL 32653
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