Occupied Quadplex Near
New
For Sale
$520,000
3913 SW 26TH, Gainesville, FL 32608
Fully occupied residential property with a recently installed roof backed by a 10-year warranty.
Property Size3,970 SF
Days on Market6
Property Features for 3913 SW 26TH
General Information
Standard status
Active
Size
3,970 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,312
Building Details
Building Size
3,970 SF
Year Built
1980
Listing Agency:
Joseph La Rosa
Listed By:
Eliza Anez · License #3342656
(407) 967-5550
Source:
Elliman
Added: Sep 21
Last Checked: Sep 24 at 1:49PM
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 Joseph La Rosa
Investment Insights
Based on property information with market context.
Built in 1980, this quadplex is 100% occupied and features a recently installed roof covered by a 10-year warranty. The property offers four residential units within a single multifamily asset and is suited to buyers seeking an occupied residential income property.
Located at 3913 SW 26TH in Gainesville, the property is near UF Campus, Shands, VA, shopping, restaurants, grocery stores, and bus lines. A BikeScore of 75 identifies the area as Very Bikeable, while a WalkScore of 57 indicates it is Somewhat Walkable.
Located at 3913 SW 26TH in Gainesville, the property is near UF Campus, Shands, VA, shopping, restaurants, grocery stores, and bus lines. A BikeScore of 75 identifies the area as Very Bikeable, while a WalkScore of 57 indicates it is Somewhat Walkable.
Key Highlights
- 100% occupied quadplex
- Recently installed roof with a 10‑year warranty
- Built in 1980
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
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
229
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
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 - Fully occupied residential property with a recently installed roof backed by a 10-year warranty.
Where is this quadplex located?
The property is located at 3913 SW 26TH 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: 100% occupied quadplex; Recently installed roof with a 10‑year warranty; Built in 1980
