Historic District
New
For Sale
$860,000
213 NE BLVD 213-215, Gainesville, FL 32601
Four separate residences provide a mix of two-bedroom apartments and a three-bedroom, two-bath townhouse.
Property Size4,312 SF
Price / SF$199.44
Days on Market2
Property Features for 213 NE BLVD 213-215
General Information
Standard status
Active
Size
4,312 SF
Total Parking Spaces
4
Property subtype
Investment
Additional Details
Gross Income
$63,120
Road Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,476
Amenities
on-site laundry facilities
central heating and air conditioning
porches
fireplace
Building Details
Building Size
4,312 SF
Year Built
1938
Buildings
1
Units
4
Listing Agency:
First Choice Realty of North Florida LLC
Listed By:
Dawn Johnson · License #3100360
(352) 514-9508
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:19AM
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 First Choice Realty of North Florida LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit property in Gainesville’s Duckpond Historic District contains approximately 4,312 square feet, with nine bedrooms and five bathrooms across four residences. The unit mix includes two-bedroom apartments and a three-bedroom, two-bath townhouse. Interior details include parquet flooring, hardwood stairs, archways, separate dining areas, porches, and a fireplace in unit 215C. Central heating and air conditioning, separate electric meters, on-site laundry with washer and dryer, and designated parking serve the property. The roof was replaced in 2023, and the exterior was painted in 2025.
Additional land lies behind the existing building. A two-story duplex was previously considered for the site; any construction would require applicable zoning, permits, access, historic district and governmental approvals. The property is on NE Boulevard, near the Thomas Center and Gardens, and minutes from Downtown Gainesville. The University of Florida and UF Health Shands Hospital are also accessible from the area.
Additional land lies behind the existing building. A two-story duplex was previously considered for the site; any construction would require applicable zoning, permits, access, historic district and governmental approvals. The property is on NE Boulevard, near the Thomas Center and Gardens, and minutes from Downtown Gainesville. The University of Florida and UF Health Shands Hospital are also accessible from the area.
Key Highlights
- Four residences totaling approximately 4,312 square feet, with 9 bedrooms and 5 bathrooms
- Unit mix includes two‑bedroom apartments and a three‑bedroom, two‑bath townhouse
- Additional land behind the building; any new construction requires applicable approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,333
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,660
$846.7K
Cap Rate 7%
$604,757
$604.8K
Cap Rate 9%
$470,367
$470.4K
Market Conditions
NOI Build-Up for 4,312 SF
Gross rent
$64.7K $15.00/SF
− Vacancy
−$4.2K −$0.98/SF
EGI
$60.5K $14.03/SF
− OpEx
−$18.1K −$4.21/SF
NOI
$42.3K $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 Rate 5%
$846,660
Cap Rate 7%
$604,757
Cap Rate 9%
$470,367
Alternative Uses
Best Use
Multifamily LT 5
$604.8K
$529.2K – $705.6K
NOI $42,333 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$542.7K
$474.8K – $633.1K
NOI $37,987 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.07M
$934.5K – $1.25M
NOI $74,760 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences provide a mix of two-bedroom apartments and a three-bedroom, two-bath townhouse.
Where is this quadplex located?
The property is located at 213 NE BLVD 213-215 Gainesville, FL.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Four residences totaling approximately 4,312 square feet, with 9 bedrooms and 5 bathrooms; Unit mix includes two‑bedroom apartments and a three‑bedroom, two‑bath townhouse; Additional land behind the building; any new construction requires applicable approvals
