Gainesville Quadruplex Investment
625 SW 67TH Terrace Gainesville, FL 32607
625 SW 67TH Terrace, Gainesville, FL, 32607
$490,000
For Sale
$490,000
MULTI_FAMILY - GAINESVILLE, FL
Property Size3,600 SF
Lot Size0.23 Acres
Price / SF$136.11
Days on Market284
Property Features for 625 SW 67TH Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-3
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Dining Room, Bathroom 7, Bedroom 6, Bedroom 3, Bathroom 6, Bathroom 4, Bathroom 8, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 8, Bedroom 5, Bathroom 3, Bathroom 2
- Parking features
- Assigned
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Exterior features
- Private Mailbox
- Standard status
- Active
- APN
- 06655-054-003
- Size
- 3,600 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CEDAR RIDGE PB K-8 LOT 3 BK D OR 4624/0026
- Tax Annual Amount
- 7389
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Block, Wood Siding
- Roof type
- Shingle
Listing Agency
EXIT REALTY PRODUCERS
(352) 505-5700
3600 NW 43rd Street Suite F-1 SUITE F-1, Gainesville, FL
Listed by
Amy Cole · License #3158747
(352) 226-6335
Added: Oct 11, 2025 Updated: Jul 20 at 8:40 pm Checked: Jul 21 at 2:06 am
MLS# GC534673
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.
Investment Insights
Based on property information with market context.
Located in the southwest area of Gainesville, this two-story quadruplex presents an investment opportunity. The property consists of four townhouse-style units. Each unit features two bedrooms and 1.5 bathrooms, and includes a washer and dryer. The property is situated on a 0.23-acre lot. The total building size is 3,600 square feet. The zoning is R-3. All units are currently tenant-occupied, with lease dates extending to June and July 2026, providing immediate revenue from the first day of ownership.
Key Highlights
- Fully occupied quadruplex providing immediate rental income.
- Located in the fast‑growing SW area of Gainesville.
- Each unit is a 2‑story townhouse with 2 bedrooms and 1.5 bathrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $15.00 |
| − Vacancy | −$3.5k | −$0.98 |
| EGI | $50.5k | $14.03 |
| − OpEx | −$15.1k | −$4.21 |
| NOI | $35.3k | $9.82 |
3,600 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$453.1K
$396.4K – $528.6K
NOI $31,715 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied Gainesville quadruplex with immediate revenue potential.
Where is this quadplex located?
The property is located at 625 SW 67TH Terrace Gainesville, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Fully occupied quadruplex providing immediate rental income.; Located in the fast‑growing SW area of Gainesville.; Each unit is a 2‑story townhouse with 2 bedrooms and 1.5 bathrooms.
