Two-Story Four-Unit Apartment
2636 SW 33RD PLACE Gainesville, FL 32608
2636 SW 33RD PLACE, Gainesville, FL, 32608
$460,000
Pending
For Sale
$460,000
Pending
Four 2-bedroom, 1-bath units in a fully fenced corner lot, with recent roof and major HVAC and water heater replacements.
Property Size3,184 SF
Days on Market447
Property Features for 2636 SW 33RD PLACE
General Information
- Standard status
- Pending
- Size
- 3,184 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing agency
PEOPLE'S CHOICE REALTY SVC LLC
(813) 434-0220
Listed by
Kuldip Goyal · License #3561150
(813) 434-0220
Source
Exitrealty
Added: May 1, 2025 Updated: Jul 20 at 6:19PM Checked: Jul 21 at 5:29AM
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 PEOPLE'S CHOICE REALTY SVC LLC
Investment Insights
Based on property information with market context.
This two-story, four-unit apartment building is constructed of concrete block and sits on a fully fenced corner lot. The property consists of four matching 2-bedroom, 1-bath units, each measuring approximately 796 square feet. Interior finishes include tile flooring in three units and hard vinyl tile in one unit. Recent capital improvements include a new roof installed in 2021, two new water heaters, and three new HVAC units installed in 2024, 2023, and 2019. Appliances have also been updated, with refrigerators and ovens replaced within the last two years. The property is currently professionally managed.
Located at 2636 SW 33RD PLACE in Gainesville, this is an investment-focused multifamily asset with a consistent unit mix and ongoing management in place.
Located at 2636 SW 33RD PLACE in Gainesville, this is an investment-focused multifamily asset with a consistent unit mix and ongoing management in place.
Key Highlights
- Four 2‑bedroom, 1‑bath units with approximately 796 SF each in a two‑story concrete block building
- Corner lot with the property fully fenced
- New roof installed in 2021
Local Financial Insights For Multifamily LT 5
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 | $47.8k | $15.00 |
| − Vacancy | −$3.1k | −$0.98 |
| EGI | $44.7k | $14.03 |
| − OpEx | −$13.4k | −$4.21 |
| NOI | $31.3k | $9.82 |
3,184 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.7K – $521.0K
NOI $31,259 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$400.7K
$350.6K – $467.5K
NOI $28,050 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$788.6K
$690.0K – $920.1K
NOI $55,203 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units in a fully fenced corner lot, with recent roof and major HVAC and water heater replacements.
Where is this quadplex located?
The property is located at 2636 SW 33RD PLACE Gainesville, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units with approximately 796 SF each in a two‑story concrete block building; Corner lot with the property fully fenced; New roof installed in 2021
