16-Unit Apartment
New
For Sale
$2,200,000
6816 SW 4TH, Gainesville, FL 32607
Two contiguous parcels comprise a multifamily property with recent HVAC, appliance, roofing, and unit improvements.
Property Size6,148 SF
Days on Market4
Property Features for 6816 SW 4TH
General Information
Standard status
Active
Size
6,148 SF
Property subtype
Commercial
Occupancy
94%
Units
Unit Mix
8 x 1BR/1BA, 8 x 2BR/2BA
Multifamily Units
16
Additional Details
Cap Rate
8.3%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,979
Building Details
Building Size
6,148 SF
Year Built
1983
Units
8
Listing Agency:
BLAIR REALTY GROUP INC
(407) 782-1067
Listed By:
Reuben Simmonds, Jr · License #680620
(407) 782-1067
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 16 at 5:47AM
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.
This 16-unit apartment portfolio consists of two contiguous 8-unit parcels, with a balanced mix of eight 1BR/1BA and eight 2BR/2BA residences. Built in 1983, the property has benefited from ownership-funded capital work, including partial roof repairs, new HVAC systems, appliance replacements, and a fully renovated modern unit. Current occupancy is 94%, and units participate in VA and other government housing programs.
The property is located off I-75 in Gainesville, 8 minutes from North Florida Regional Medical Center and under 15 minutes from the University of Florida campus. The asset is entirely within Flood Zone X and carries no HOA fees. BikeScore is 47 and WalkScore is 55.
The property is located off I-75 in Gainesville, 8 minutes from North Florida Regional Medical Center and under 15 minutes from the University of Florida campus. The asset is entirely within Flood Zone X and carries no HOA fees. BikeScore is 47 and WalkScore is 55.
Key Highlights
- 16‑unit portfolio across two contiguous 8‑unit parcels
- Unit mix includes eight 1BR/1BA and eight 2BR/2BA residences
- 94% occupied with an 8.3% current cap rate
Property Analytics
Current Use
Lease Details
16
Residential units
94%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
753
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 - Two contiguous parcels comprise a multifamily property with recent HVAC, appliance, roofing, and unit improvements.
Where is this apartment building located?
The property is located at 6816 SW 4TH 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 portfolio across two contiguous 8‑unit parcels; Unit mix includes eight 1BR/1BA and eight 2BR/2BA residences; 94% occupied with an 8.3% current cap rate
