Duplex with Upstairs
For Sale
$232,900
713 SW 69 Street, Gainesville, FL 32607
Residential Income, GAINESVILLE, FL
Property Size1,800 SF
Lot Size0.21 Acres
Price / SF$129.39
Days on Market95
Property Features for 713 SW 69 Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4
Interior features
Ceiling Fans(s), PrimaryBedroom Upstairs
Exterior features
Balcony
Appliances
Cooktop, Electric Water Heater, Range, Refrigerator
Subdivision
CEDAR RIDGE
Lot features
Cul-De-Sac, Near Public Transit
View
City
Directions
From Home Depot on SW 75TH St, Left on SW 8TH Ave, Left on SW 70TH Terrace, Right on SW 69th St. Property is at the end, on Left. Drive slowly.
Standard status
Active
APN
06655-053-025
Size
1,800 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
CEDAR RIDGE PB K-8 LOT 25 BK C OR 4487/1262
Tax Annual Amount
2921
Legal Description
CEDAR RIDGE PB K-8 LOT 25 BK C OR 4487/1262
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Number of units
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
GREEN TREE REALTY INC
(352) 377-0020
Listed By:
Hong-Loan Ngo · License #3118935
(352) 871-8878
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# GC541164
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 1,800-square-foot duplex was built in 1980 and features concrete block and frame construction. Each residence includes two bedrooms and one full bathroom, with additional half-bath facilities noted in the property information. Living rooms, kitchens, and laundry areas are located downstairs, while the bedrooms are upstairs with balcony access. Interior finishes include ceramic tile and laminate flooring, complemented by ceiling fans, central air, and electric heating.
The 0.21-acre property is served by public water and public sewer and includes a shingle roof, electric water heater, cooktop, range, and refrigerator. Zoning is R-3. Home Depot and Oaks Mall are identified as nearby commercial destinations, and the property has no HOA.
The 0.21-acre property is served by public water and public sewer and includes a shingle roof, electric water heater, cooktop, range, and refrigerator. Zoning is R-3. Home Depot and Oaks Mall are identified as nearby commercial destinations, and the property has no HOA.
Key Highlights
- 1,800 SF duplex on a 0.21‑acre lot
- Two bedrooms and one full bathroom per residence
- Upstairs bedrooms with balconies
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
$17,672
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
7.59%
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%
$353,440
$353.4K
Cap Rate 7%
$252,457
$252.5K
Cap Rate 9%
$196,356
$196.4K
Market Conditions
NOI Build-Up for 1,800 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
$27.0K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.2K $14.03/SF
− OpEx
−$7.6K −$4.21/SF
NOI
$17.7K $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%
$353,440
Cap Rate 7%
$252,457
Cap Rate 9%
$196,356
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex in an R-3 district with separate living, kitchen, and laundry areas across both levels.
Where is this duplex located?
The property is located at 713 SW 69 Street Gainesville, FL.
What is the asking price?
The asking price for this property is $232,900.
What are key features of this property?
This property features: 1,800 SF duplex on a 0.21‑acre lot; Two bedrooms and one full bathroom per residence; Upstairs bedrooms with balconies
