Occupied Quadplex with Recent
For Sale
$520,000
3913 SW 26TH Drive, Gainesville, FL 32608
Residential Income, GAINESVILLE, FL
Property Size3,970 SF
Lot Size0.25 Acres
Price / SF$130.98
Days on Market8
Property Features for 3913 SW 26TH Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
PUD
Bedrooms
20
Bathrooms
30
Full bathrooms
30
Rooms
Bedroom 1, Bathroom 17, Bedroom 9, Bathroom 25, Bathroom 3, Bedroom 5, Bathroom 24, Bedroom 19, Bathroom 8, Bathroom 5, Bedroom 16, Bathroom 27, Bathroom 4, Bedroom 15, Bathroom 10, Bathroom 14, Bathroom 11, Bedroom 20, Bedroom 14, Bathroom 20, Bathroom 12, Bathroom 22, Bedroom 10, Bathroom 9, Bedroom 2, Bedroom 6, Bedroom 12, Bathroom 16, Bedroom 18, Bathroom 23, Bathroom 28, Bathroom 19, Bedroom 7, Bathroom 13, Bathroom 2, Bathroom 6, Bedroom 17, Bathroom 1, Bathroom 21, Bedroom 3, Bedroom 4, Bathroom 18, Bathroom 15, Bathroom 30, Bathroom 29, Bedroom 11, Bathroom 26, Bedroom 8, Bedroom 13, Bathroom 7
Interior features
Primary Bedroom Main Floor, Thermostat
Subdivision
SOUTHWOOD APTS PH 2 NAPIER
Elementary school
Idylwild Elementary School-AL
Middle school
Kanapaha Middle School-AL
High school
Eastside High School-AL
Directions
From Williston Rd & SW 34th St, go East on Williston Road. Take a Left on SW 25th Terr approx. 1/10 mi. Take a Left onSW 40th Pl. Go Right on SW 26th Drive approx. 1/10 mi. Quad is on the Right.
Standard status
Active
APN
07294-020-017
Size
3,970 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NAPIER GRT SOUTHWOOD APTS PHASE 2 PB K-65 LOT 17 OR 5211/3641
Tax Annual Amount
7313
Legal Description
NAPIER GRT SOUTHWOOD APTS PHASE 2 PB K-65 LOT 17 OR 5211/3641
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Building materials
Block
Roof type
Shingle
Listing Agency:
LA ROSA REALTY LLC
(321) 939-3748
Listed By:
Eliza Anez · License #3342656
(407) 967-5550
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 11:06AM
MLS# O6441827
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 quadplex contains 3,970 square feet on a 0.25-acre parcel and was constructed in 1980 with block construction. The property is fully occupied and includes central heating, central air conditioning, public water, and a recently installed shingle roof backed by a 10-year warranty. The property is zoned PUD.
Located in Gainesville near the University of Florida campus, Shands, the VA, shopping, restaurants, grocery stores, and bus lines. Its residential income configuration and established building systems support continued multifamily use.
Located in Gainesville near the University of Florida campus, Shands, the VA, shopping, restaurants, grocery stores, and bus lines. Its residential income configuration and established building systems support continued multifamily use.
Key Highlights
- Quadplex with 3,970 square feet of building area
- 100% occupied
- 0.25‑acre parcel zoned PUD
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,500
$779.5K
Cap Rate 7%
$556,786
$556.8K
Cap Rate 9%
$433,056
$433.1K
Market Conditions
NOI Build-Up for 3,970 SF
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.
Gross rent
$59.6K $15.00/SF
− Vacancy
−$3.9K −$0.98/SF
EGI
$55.7K $14.03/SF
− OpEx
−$16.7K −$4.21/SF
NOI
$39.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,500
Cap Rate 7%
$556,786
Cap Rate 9%
$433,056
Alternative Uses
Best Use
Multifamily LT 5
$556.8K
$487.2K – $649.6K
NOI $38,975 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,974 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$983.3K
$860.4K – $1.15M
NOI $68,830 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with full occupancy, central HVAC, and a recently installed shingle roof.
Where is this quadplex located?
The property is located at 3913 SW 26TH Drive Gainesville, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Quadplex with 3,970 square feet of building area; 100% occupied; 0.25‑acre parcel zoned PUD
