4-Unit
New
For Sale
$445,000
707 SW 68TH A-D, Gainesville, FL 32607
Utilities are tenant-paid, and the property has no HOA.
Property Size3,600 SF
Days on Market4
Property Features for 707 SW 68TH A-D
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,752
Building Details
Building Size
3,600 SF
Year Built
1981
Units
4
Construction
townhouse-style
Listing Agency:
Miller Real Estate
Listed By:
Natalie Thomas · License #3158282
(352) 219-8365
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 4:38PM
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 Miller Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1981, this quadplex contains four townhouse-style residences. Each unit has two bedrooms, one full bathroom, one half bathroom, and approximately 900 square feet of living area. A 2018 asphalt shingle roof serves the property; three units have HVAC systems described as 3 years old, and water heaters are 4–5 years old.
The property is near hospitals, public transportation, schools, daycare centers, and shopping. Tenants pay their utilities, and the property has no HOA.
The property is near hospitals, public transportation, schools, daycare centers, and shopping. Tenants pay their utilities, and the property has no HOA.
Key Highlights
- Four townhouse‑style units, each with 2 bedrooms and 1.5 bathrooms
- Approximately 900 square feet of living space per unit
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,343
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,860
$706.9K
Cap Rate 7%
$504,900
$504.9K
Cap Rate 9%
$392,700
$392.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$54.0K $15.00/SF
− Vacancy
−$3.5K −$0.98/SF
EGI
$50.5K $14.03/SF
− OpEx
−$15.1K −$4.21/SF
NOI
$35.3K $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%
$706,860
Cap Rate 7%
$504,900
Cap Rate 9%
$392,700
Alternative Uses
Best Use
Multifamily LT 5
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$453.1K
$396.4K – $528.6K
NOI $31,715 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
369
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
Frequently Asked Questions
What type of property is this?
Quadplex - Utilities are tenant-paid, and the property has no HOA.
Where is this quadplex located?
The property is located at 707 SW 68TH A-D Gainesville, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four townhouse‑style units, each with 2 bedrooms and 1.5 bathrooms; Approximately 900 square feet of living space per unit; Built in 1981
