Duplex with Roof
New
For Sale
$333,900
3823 NW 45TH STREET, Gainesville, FL 32606
Residents can walk to nearby shopping, dining, banking, and medical offices, with a bus stop directly outside.
Property Size1,700 SF
Price / SF$196.41
Days on Market5
Property Features for 3823 NW 45TH STREET
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1967
Listing Agency:
BHHS FLORIDA REALTY
(352) 225-4700
Listed By:
Jeff Tice · License #0611494
(352) 316-0407
Source:
Endlesssummerrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 9:24AM
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 BHHS FLORIDA REALTY
Investment Insights
Based on property information with market context.
Built in 1967, this 1,700-square-foot duplex contains two leased units. The roof was replaced in 2024. Unit A’s lease runs through June 30, 2027, and Unit B’s through January 31, 2027. HVAC equipment includes Unit A’s interior component, replaced in 1999, and exterior component, replaced in 2009; Unit B’s HVAC dates to 2009. Water heaters were installed in 2003 for Unit A and 2007 for Unit B.
Residents can walk to Magnolia Park, Hunter’s Crossing, Timber Village, and MetroCorp for shopping, dining, banking, and medical offices. A bus stop is directly in front of the property. Tenants pay electric, water, and sewer; the owner handles landscaping. There is no HOA.
Residents can walk to Magnolia Park, Hunter’s Crossing, Timber Village, and MetroCorp for shopping, dining, banking, and medical offices. A bus stop is directly in front of the property. Tenants pay electric, water, and sewer; the owner handles landscaping. There is no HOA.
Key Highlights
- 1,700‑square‑foot duplex built in 1967
- Roof replacement completed in 2024
- Unit A lease runs through June 30, 2027; Unit B lease runs through January 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,690
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,800
$333.8K
Cap Rate 7%
$238,429
$238.4K
Cap Rate 9%
$185,444
$185.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$25.5K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$23.8K $14.03/SF
− OpEx
−$7.2K −$4.21/SF
NOI
$16.7K $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%
$333,800
Cap Rate 7%
$238,429
Cap Rate 9%
$185,444
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.2K
NOI $16,690 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$213.9K
$187.2K – $249.6K
NOI $14,976 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$421.1K
$368.4K – $491.2K
NOI $29,474 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 32606, FL
24,380
Population
11,230
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
1,583
Density / Sq Mi
$79,888
Median Household Income
$49,153
Median Earnings
$1,664
Median Rent
$319,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residents can walk to nearby shopping, dining, banking, and medical offices, with a bus stop directly outside.
Where is this duplex located?
The property is located at 3823 NW 45TH STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $333,900.
What are key features of this property?
This property features: 1,700‑square‑foot duplex built in 1967; Roof replacement completed in 2024; Unit A lease runs through June 30, 2027; Unit B lease runs through January 31, 2027
