Renovated Brick Duplex Townhome
For Sale
$225,000
Pending
714 SW 69TH STREET, Gainesville, FL 32607
Fully occupied, renovated brick duplex with two 2-bedroom townhome-style units, decks in one unit, and 2022 roof/HVAC.
Property Size1,800 SF
Days on Market51
Property Features for 714 SW 69TH STREET
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
0.21 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 06655-053-026, Public Survey Range: 19, Public Survey Section: 4, Annual Amount: $4,614.06, Tax Book Number: K-8, Legal Description: CEDAR RIDGE PB K-8 LOT 26 BK C OR 5098/0506, Lot: 26, Year: 2025, Zoning: R-3
Gross Income: $29,184
Central Air
Central
Listing ID: MFRGC542156, Standard Status: Pending, MLS Status: Pending, Property Subtype: Duplex, On market as of 2026-07-23, Off market as of 2026-08-07, 15 days on market, Special Conditions: None
4 total bedrooms
Built in 1980, Living area: 1800, Living area units: Square Feet, Construction Materials: Block
Subdivision: CEDAR RIDGE, MLS Area (Major): 32607 - Gainesville, County/Parish: Alachua
4 total bathrooms
Electricity Connected, Water Source: Public
Slab
Road Surface: Asphalt
Other equipment: None
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
THE MULTIFAMILY ADVISORS
(352) 871-8324
Listed By:
Joe Klenck · License #3555950
(352) 514-4725
Source:
Miharaandassociates
Added: Jul 23
Changed: Sep 10
Last Checked: Sep 11 at 7:27AM
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 THE MULTIFAMILY ADVISORS
Investment Insights
Based on property information with market context.
This fully occupied renovated brick duplex features two 2BD/1.5BA townhome-style units with open layouts. Each unit provides approximately 900+/- square feet of living space. Unit A has been completely remodeled, including updated kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, and private deck areas.
The property’s in-place rents are $1,220 for Unit A and $1,212 for Unit B. Tenants pay all utilities. Improvements and key systems include a 2022 asphalt shingle roof, with both HVAC units dated 2022. Electrical components include copper wire with Cutler Hammer and Square D breakers, and main plumbing drains are PVC; plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves.
Located at the front of the Cedar Ridge subdivision of Gainesville, FL, the duplex is within 5 miles of Oaks Mall, the University of Florida, HCA North Florida Hospital, and several shopping centers and other amenities. The duplex is being offered for sale along with three additional quadruplexes in the same subdivision (724 SW 68th Ter, 723 SW 69th St, and 712 SW 70th Ter), which may be purchased individually or as a portfolio.
The property’s in-place rents are $1,220 for Unit A and $1,212 for Unit B. Tenants pay all utilities. Improvements and key systems include a 2022 asphalt shingle roof, with both HVAC units dated 2022. Electrical components include copper wire with Cutler Hammer and Square D breakers, and main plumbing drains are PVC; plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves.
Located at the front of the Cedar Ridge subdivision of Gainesville, FL, the duplex is within 5 miles of Oaks Mall, the University of Florida, HCA North Florida Hospital, and several shopping centers and other amenities. The duplex is being offered for sale along with three additional quadruplexes in the same subdivision (724 SW 68th Ter, 723 SW 69th St, and 712 SW 70th Ter), which may be purchased individually or as a portfolio.
Key Highlights
- Fully occupied brick duplex (2 units) with a strong occupancy history
- Both units are 2BD/1.5BA townhome style with open layouts and 900+/- sqft living space
- In‑place rents: Unit A $1,220; Unit B $1,212; tenants pay all utilities
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
$17,672
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
7.85%
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%
$353,440
$353.4K
Cap Rate 7%
$252,457
$252.5K
Cap Rate 9%
$196,356
$196.4K
Market Conditions
NOI Build-Up for 1,800 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
$27.0K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.2K $14.03/SF
− OpEx
−$7.6K −$4.21/SF
NOI
$17.7K $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%
$353,440
Cap Rate 7%
$252,457
Cap Rate 9%
$196,356
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied, renovated brick duplex with two 2-bedroom townhome-style units, decks in one unit, and 2022 roof/HVAC.
Where is this duplex located?
The property is located at 714 SW 69TH STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied brick duplex (2 units) with a strong occupancy history; Both units are 2BD/1.5BA townhome style with open layouts and 900+/- sqft living space; In‑place rents: Unit A $1,220; Unit B $1,212; tenants pay all utilities
