Fully Renovated Duplex
3108 SW 24TH Drive Gainesville, FL 32608
3108 SW 24TH Drive, Gainesville, FL, 32608
$279,900
For Sale
$279,900
MULTI_FAMILY - GAINESVILLE, FL
Property Size1,800 SF
Lot Size0.06 Acres
Price / SF$155.50
Days on Market20
Property Features for 3108 SW 24TH Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- PD
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Dining Room, Bathroom 2, Bathroom 4, Bedroom 2
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets, Thermostat
- Exterior features
- Private Entrance, Sidewalk
- Appliances
- Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 07314-010-044
- Size
- 1,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PHOENIX S/D PHASE 2 PB K-33 LOT 44 OR 04541/01732
- Tax Annual Amount
- 2957
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Concrete, HardiPlank Type
- Roof type
- Metal
Listing agency
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 240-0600
Listed by
Jonathan Mills · License #3316844
(352) 672-4467
Added: Jul 2 Updated: Jul 20 at 9:12PM Checked: Jul 21 at 10:06PM
MLS# GC541649
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.
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two spacious units, each with 2 bedrooms and 1.5 bathrooms. The property is currently occupied and positioned as a turnkey investment, with gross monthly rental income reported at $2,500. Improvements completed as part of the renovation include a new metal roof, new hardiplank exterior siding, new HVAC systems, new water heaters, new double-pane windows, and new interior and exterior doors. The updates also include new kitchens with shaker cabinetry, granite countertops, and stainless steel appliances, along with renovated bathrooms, flooring, fixtures, and interior and exterior paint. Renovations are described as professionally completed with permits.
Located at 3108 SW 24TH Drive in Gainesville (Alachua County), the property is noted as being on a main bus route with quick access to the University of Florida. The listing also states the surrounding area provides nearby restaurants, shopping, grocery options, and everyday conveniences.
Zoned PD, the property comprises approximately 1,800 square feet total, situated on a 0.06-acre lot.
Located at 3108 SW 24TH Drive in Gainesville (Alachua County), the property is noted as being on a main bus route with quick access to the University of Florida. The listing also states the surrounding area provides nearby restaurants, shopping, grocery options, and everyday conveniences.
Zoned PD, the property comprises approximately 1,800 square feet total, situated on a 0.06-acre lot.
Key Highlights
- Duplex built in 1981 with two 2‑bedroom, 1.5‑bath units and 900 SF of living space per unit
- Currently fully occupied, generating $2,500 in gross monthly rental income
- Recent upgrades include a new metal roof and new HardiPlank exterior siding
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 | $27.0k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $25.2k | $14.03 |
| − OpEx | −$7.6k | −$4.21 |
| NOI | $17.7k | $9.82 |
1,800 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two occupied 2-bedroom units, recently renovated with a new roof, HVAC, and windows.
Where is this duplex located?
The property is located at 3108 SW 24TH Drive Gainesville, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex built in 1981 with two 2‑bedroom, 1.5‑bath units and 900 SF of living space per unit; Currently fully occupied, generating $2,500 in gross monthly rental income; Recent upgrades include a new metal roof and new HardiPlank exterior siding
