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    Multi-Unit Apartment Building Title is generated by Realmo AI

    1110 SW 62 TERRACE, Gainesville, FL 32607

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    New
    For Sale
    $990,000

    Quadruplex - GAINESVILLE, FL

    Type:Quadruplex
    Property size:
    6,294 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $157/SF
    Added:
    Jun 11, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 12 at 6:06 pm

    Property Features for 1110 SW 62 TERRACE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Zoning
    R=2A
    Bedrooms
    12
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Ceiling Fans(s)
    Exterior features
    Garden, Private Yard, Sliding Doors
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    06675-020-010
    Size
    6,294 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10290

    Utilities

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

    Building Details

    Year built
    1984
    Number of units
    6
    Flooring type
    Laminate
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Hong-Loan Ngo

    Listing agent Hong-Loan Ngo License #3118935

    Listing office GREEN TREE REALTY INC 2632 NW 43 ST; #B-100, Gainesville, FL

    Listing date Jun 11, 2026

    MLS# GC541053 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.

    HighLights

    • 6‑plex in Sugarfoot Oaks with no HOA fees
    • Each unit is 2 bed / 1.5 bath with bedrooms upstairs and living/kitchen downstairs
    • Appliances included: range and refrigerator
    • Central air and central electric heating; ceiling fans included
    • Block construction with shingle roof
    • Laminate flooring; features include a private yard, garden, and sliding doors

    Overview

    This for-sale apartment building includes a multi-unit configuration described as a 6-plex, with each unit laid out as 2B/1.5BA. The bedrooms are upstairs, while the living room and kitchen are on the lower level. The structure is described as concrete with partial wood above. Washer/dryer hookups are provided and attached outside each unit.

    The property is located behind Oaks Mall in Gainesville, FL, with convenient access to the University of Florida and Shands and VA hospitals, as well as North Florida hospitals, Sam’s, and additional shopping centers. Public remarks also note bus stops approximately 1 1/2 blocks away.

    For tenants or operators seeking a straightforward residential income setup, the unit design separates sleeping and living areas across two levels within each 2B/1.5BA layout. The exterior washer/dryer hookups may simplify laundry installation and day-to-day use. Public remarks also state there are no HOA fees.

    Local Financial Insights For Apartment 5plus

    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 $107.2k $17.04
    − Vacancy −$6.4k −$1.02
    EGI $100.8k $16.02
    − OpEx −$45.4k −$7.21
    NOI $55.4k $8.81
    6,294 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $792.1K
    $693.1K – $924.1K (±1% cap)
    NOI $55,448 @ 7.0% cap · market cap 5.60%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $109,123 @ 7.0% cap · market cap 11.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.410039
    Latitude
    29.64206

    FAQs

    What type of property is this?
    Apartment building - Concrete multifamily building with multiple two-bedroom units and exterior washer/dryer hookups for practical, tenant-ready living.
    Where is this apartment building located?
    The property is located at 1110 SW 62 TERRACE Gainesville, FL.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 6‑plex in Sugarfoot Oaks with no HOA fees; Each unit is 2 bed / 1.5 bath with bedrooms upstairs and living/kitchen downstairs; Appliances included: range and refrigerator
    More about this property
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