Stabilized 16-Unit Multifamily
For Sale
$2,200,000
6816 4th Place, Gainesville, FL 32607
Stabilized, 94% occupied 16-unit property across two contiguous 8-unit parcels with VA and other government housing programs.
Property Size6,770 SF
Price / SF$324.96
Days on Market74
Property Features for 6816 4th Place
General Information
Standard status
Active
Size
6,770 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$9,980
Amenities
Central Air
3
Building Details
Year Built
1983
Stories
2
Listing Agency:
BLAIR REALTY GROUP INC
(407) 210-3944
Listed By:
Reuben Simmonds, Jr · License #680620
Source:
Xome
Added: May 28
Changed: Aug 8
Last Checked: Aug 9 at 4:49AM
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 BLAIR REALTY GROUP INC
Investment Insights
Based on property information with market context.
Stabilized 16-unit multifamily portfolio is spread across two contiguous 8-unit parcels. The unit mix consists of eight 1BR/1BA apartments and eight 2BR/2BA apartments. Current occupancy is reported at 94%, with income supported by VA and other government housing programs. Recent ownership-funded improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit.
The property is located in Gainesville, Florida and is described as being off I-75. North Florida Regional Medical Center is approximately 8 minutes away, and the University of Florida campus is under 15 minutes.
The offering is noted as having no HOA fees and being entirely within Flood Zone X.
The property is located in Gainesville, Florida and is described as being off I-75. North Florida Regional Medical Center is approximately 8 minutes away, and the University of Florida campus is under 15 minutes.
The offering is noted as having no HOA fees and being entirely within Flood Zone X.
Key Highlights
- 16‑unit multifamily portfolio built in 1983, spread across two contiguous 8‑unit parcels
- 94% occupied; reported 8.3% current cap rate
- Unit mix: eight 1BR/1BA units and eight 2BR/2BA units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
Explore this area
Business Placement
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
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?
Apartment building - Stabilized, 94% occupied 16-unit property across two contiguous 8-unit parcels with VA and other government housing programs.
Where is this apartment building located?
The property is located at 6816 4th Place Gainesville, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16‑unit multifamily portfolio built in 1983, spread across two contiguous 8‑unit parcels; 94% occupied; reported 8.3% current cap rate; Unit mix: eight 1BR/1BA units and eight 2BR/2BA units
