Remodeled
For Sale
$449,900
Pending
3304 SW 26TH Terrace, Gainesville, FL 32608
Residential Income, GAINESVILLE, FL
Property Size3,600 SF
Lot Size0.19 Acres
Days on Market254
Property Features for 3304 SW 26TH Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
PD
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 1, Bathroom 8, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 7, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 7, Bathroom 6, Bedroom 3
Pets allowed
Cats OK, Dogs OK
Interior features
Ceiling Fans(s), Stone Counters
Subdivision
PHOENIX SUB NAPIER GRT
Directions
West on archer to SW 23rd Terrace
Standard status
Pending
APN
07314-005-069
Size
3,600 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PHOENIX S/D PB J-70 LOT 69 OR 4892/663
Tax Annual Amount
6060
Legal Description
PHOENIX S/D PB J-70 LOT 69 OR 4892/663
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Number of units
4
Building materials
Block
Roof type
Shingle
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Genile Morris · License #3278538
(352) 339-8492
Added: Dec 19, 2025
Changed: Aug 27
Last Checked: Aug 30 at 3:06AM
MLS# GC535625
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.
Investment Insights
Based on property information with market context.
This Gainesville quadplex contains four two-bedroom, 1.5-bath units within 3,600 square feet. The units were remodeled in 2017 and include stone counters and ceiling fans. The building was constructed in 1980 with block materials, shingle roofing, central air conditioning, and electric heat. Public water and public sewer serve the property, which is situated on 0.19 acres and carries PD zoning.
Located at 3304 SW 26th Terrace, the property is close to UF, the VA, and Butler Plaza. The four-unit configuration provides a defined multifamily layout with established residential improvements and central cooling throughout.
Located at 3304 SW 26th Terrace, the property is close to UF, the VA, and Butler Plaza. The four-unit configuration provides a defined multifamily layout with established residential improvements and central cooling throughout.
Key Highlights
- Four 2‑bedroom, 1.5‑bath units remodeled in 2017
- 3,600‑square‑foot quadplex on 0.19 acres
- PD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,860
$706.9K
Cap Rate 7%
$504,900
$504.9K
Cap Rate 9%
$392,700
$392.7K
Market Conditions
NOI Build-Up for 3,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $15.00/SF
− Vacancy
−$3.5K −$0.98/SF
EGI
$50.5K $14.03/SF
− OpEx
−$15.1K −$4.21/SF
NOI
$35.3K $9.82/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,860
Cap Rate 7%
$504,900
Cap Rate 9%
$392,700
Alternative Uses
Best Use
Multifamily LT 5
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$453.1K
$396.4K – $528.6K
NOI $31,715 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units are located near UF, the VA, and Butler Plaza.
Where is this quadplex located?
The property is located at 3304 SW 26TH Terrace Gainesville, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1.5‑bath units remodeled in 2017; 3,600‑square‑foot quadplex on 0.19 acres; PD zoning
