Building Details

Building Size 3,720 SF

Year Built 1981

Units 4

Listed By: Terri Ardines Show Phone

Source: Elliman

Added: Apr 28 Changed: Oct 5 Last Checked: Oct 7 at 12:10PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Terri Ardines

Investment Insights

Based on property information with market context.

This upgraded fourplex in Gainesville presents an investment opportunity for immediate income and long-term appreciation. The property features four spacious units, each with 2 bedrooms and 1.5 bathrooms, designed for consistent occupancy and tenant retention. Capital improvements completed in 2024-2025, including flooring, windows, plumbing, and full bathroom upgrades, reduce deferred maintenance and future capital expenditure exposure. The property is positioned in a reliable rental market, benefiting from rental demand driven by the University of Florida and surrounding employment hubs. This asset is well-positioned for stable cash flow and continued rent growth, making it suitable for investors seeking a low-maintenance, income-producing property with upside potential through rental optimization. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 7, indicating car dependence.

Key Highlights

• Turnkey fourplex in Gainesville, a strong rental market.
• Strong cash flow potential with immediate income.
• Four spacious 2BR/1.5BA units with tenant‑friendly layout.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,521

Cap Rate

6.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$730,420 $730.4K

Cap Rate 7%

$521,729 $521.7K

Cap Rate 9%

$405,789 $405.8K

Market Conditions

NOI Build-Up for 3,720 SF

Gross rent

$55.8K $15.00/SF

− Vacancy

−$3.6K −$0.98/SF

EGI

$52.2K $14.03/SF

− OpEx

−$15.7K −$4.21/SF

NOI

$36.5K $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 Rate 5%

$730,420

Cap Rate 7%

$521,729

Cap Rate 9%

$405,789

Alternative Uses

Best Use

Multifamily LT 5

$521.7K

$456.5K – $608.7K (±1% cap)

NOI $36,521 @ 7.0% cap · market cap 6.14%

Second Best

Apartment 5plus

$468.2K

$409.7K – $546.2K (±1% cap)

NOI $32,772 @ 7.0% cap · market cap 5.51%

Theoretical Best

Office A

$921.4K

$806.2K – $1.07M (±1% cap)

NOI $64,496 @ 7.0% cap · market cap 10.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

250

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Upgraded fourplex in Gainesville, strong cash flow potential, stabilized asset.

Where is this quadplex located?

The property is located at 1718 SW 69 Ter Gainesville, FL.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Turnkey fourplex in Gainesville, a strong rental market.; Strong cash flow potential with immediate income.; Four spacious 2BR/1.5BA units with tenant‑friendly layout.