Occupied Quadplex Near
3913 SW 26TH, Gainesville, FL 32608
For Sale
$520,000
Fully occupied residential property with a recently installed roof backed by a 10-year warranty.
Property Size3,970 SF
Days on Market51
Property Features for 3913 SW 26TH
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Joseph La Rosa
Listed By:
Eliza Anez · License FL #3342656
(407) 967-5550
Source:
Elliman
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 8 at 5:33AM
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
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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 / Yr
$38,975
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
$340,200
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Gainesville, FL
Properties on Market for Quadplexes in Gainesville
Vacancy Rate% for Multifamily in South region
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
