4-Unit Quadplex with
New
For Sale
$860,000
213 NE BLVD, Gainesville, FL 32601
Residential Income, GAINESVILLE, FL
Property Size4,312 SF
Lot Size0.29 Acres
Price / SF$199.44
Days on Market2
Property Features for 213 NE BLVD
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
U2
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 4
Parking features
On Street, Driveway
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK, Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Thermostat
Exterior features
Balcony
Fireplace
1
Appliances
Electric Water Heater, Range, Refrigerator
Subdivision
HOME INVESTMENTS CO
Lot features
Historic District, City Limits, Near Public Transit, Paved
Elementary school
W. A. Metcalfe Elementary School-AL
Middle school
Westwood Middle School-AL
High school
Gainesville High School-AL
Directions
From E. University Avenue, head north on The Boulevard. The property will be on the right.
Standard status
Active
APN
12372-000-000
Size
4,312 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HOME INV CO ADDN PB A-59 S 12.5 FT OF LOT 2 & N 28.9 FT OF LOT 4 & COM SW COR LOT 8 RUN N/LY ALONG W LINE 176.5 FT POB CONTINUE N/LY ALONG W LINE LOTS 8 & 4 64.5 FT E 84.4 FT S 63.5 FT W 101.3 FT POB OR 4563/0611
Tax Annual Amount
10476
Legal Description
HOME INV CO ADDN PB A-59 S 12.5 FT OF LOT 2 & N 28.9 FT OF LOT 4 & COM SW COR LOT 8 RUN N/LY ALONG W LINE 176.5 FT POB CONTINUE N/LY ALONG W LINE LOTS 8 & 4 64.5 FT E 84.4 FT S 63.5 FT W 101.3 FT POB OR 4563/0611
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
laundry facilities
porches
fireplace
Building Details
Year built
1938
Floors in Building
2
Number of units
4
Flooring type
Wood, Parquet Wood, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
FIRST CHOICE REALTY OF NORTH FLORIDA LLC
Listed By:
Dawn Johnson
(352) 514-9508
Added: Oct 17
Changed: Oct 18
Last Checked: Oct 18 at 10:06PM
MLS# GC544176
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.
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Investment Insights
Based on property information with market context.
Built in 1938, this four-unit property contains 4,312 square feet across a mix of two-bedroom apartments and a three-bedroom, two-bath townhouse. The building has nine bedrooms and five bathrooms in total. Interior details include wood and parquet flooring, hardwood stairs, archways, separate dining areas, and a fireplace in one unit. Central heating and air conditioning, on-site laundry with a washer and dryer, and porches serve the residences. The property occupies 0.29 acres and is zoned U2. The roof was replaced in 2023, and the exterior was painted in 2025.
The property is on NE Boulevard in Gainesville’s Duckpond Historic District, with the Thomas Center and Gardens nearby. Downtown Gainesville, the University of Florida, and UF Health Shands Hospital are also accessible from the location.
The property is on NE Boulevard in Gainesville’s Duckpond Historic District, with the Thomas Center and Gardens nearby. Downtown Gainesville, the University of Florida, and UF Health Shands Hospital are also accessible from the location.
Key Highlights
- Four residential units with 9 bedrooms and 5 bathrooms
- 4,312 square feet on a 0.29‑acre lot
- U2 zoning
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences provide nine bedrooms and five bathrooms, with separate electric meters and on-site laundry.
Where is this quadplex located?
The property is located at 213 NE BLVD 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 residential units with 9 bedrooms and 5 bathrooms; 4,312 square feet on a 0.29‑acre lot; U2 zoning
