Townhouse-Style Apartment
For Sale
$3,000,000
25 SW 71st Way, Gainesville, FL 32607
Uniform two-bedroom layouts include private patios, rear yards, surface parking, and in-unit laundry.
Property Size18,240 SF
Days on Market47
Property Features for 25 SW 71st Way
General Information
Standard status
Active
Size
18,240 SF
Property subtype
Multifamily
Building Details
Building Size
18,240 SF
Year Built
2007
Listed By:
Brian Oen, SIOR
(352) 494-2100
Source:
Lee-associates
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 2:13PM
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 Brian Oen, SIOR
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Investment Insights
Based on property information with market context.
The property contains 16 apartment units within an 18,240-square-foot multifamily community on 1.74 acres. Built in 2007 and zoned R3, the development uses a consistent two-story townhouse configuration throughout. Each residence averages 1,140 square feet and includes two bedrooms, two and a half baths, an in-unit washer and dryer, plus a private rear patio and yard. Surface parking serves the community, which is currently 100% occupied.
Located at 25 SW 71st Way in Gainesville, the property is positioned 5± miles from the University of Florida and near HCA North Florida Hospital. The uniform floor plan and single unit mix provide consistent physical configuration across the 16 residences. The property is also identified as suitable for a 1031 exchange replacement strategy.
Located at 25 SW 71st Way in Gainesville, the property is positioned 5± miles from the University of Florida and near HCA North Florida Hospital. The uniform floor plan and single unit mix provide consistent physical configuration across the 16 residences. The property is also identified as suitable for a 1031 exchange replacement strategy.
Key Highlights
- 16‑unit multifamily community built in 2007
- 18,240 square feet on 1.74 acres; zoned R3
- 100% occupied across all 16 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,689
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,780
$3.2M
Cap Rate 7%
$2,295,557
$2.3M
Cap Rate 9%
$1,785,433
$1.8M
Market Conditions
NOI Build-Up for 18,240 SF
Gross rent
$310.8K $17.04/SF
− Vacancy
−$18.6K −$1.02/SF
EGI
$292.2K $16.02/SF
− OpEx
−$131.5K −$7.21/SF
NOI
$160.7K $8.81/SF
Area
Gainesville, FL
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,780
Cap Rate 7%
$2,295,557
Cap Rate 9%
$1,785,433
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,689 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,238 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
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
Frequently Asked Questions
What type of property is this?
Apartment building - Uniform two-bedroom layouts include private patios, rear yards, surface parking, and in-unit laundry.
Where is this apartment building located?
The property is located at 25 SW 71st Way Gainesville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 16‑unit multifamily community built in 2007; 18,240 square feet on 1.74 acres; zoned R3; 100% occupied across all 16 units
