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8-Unit Multifamily Portfolio
For Sale
$1,035,000

824 SE 1ST AVENUE, Gainesville, FL 32601

Three Gainesville buildings comprise one fourplex and two duplexes.

Property Size2,966 SF
Price / SF$348.95
Days on Market15
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Property Features for 824 SE 1ST AVENUE

General Information

Standard status Active
Size 2,966 SF
Property subtype Quadruplex

Additional Details

Asking Price $1,035,000
Multifamily Units 8

Building Details

Year Built 1978
Buildings 3
Listing Agency: BOSSHARDT REALTY SERVICES LLC
Listed By: Daryus Boyd · License #3648942
Source: Dennisrealty
Added: Oct 1 Changed: Oct 15 Last Checked: Oct 15 at 12:22AM

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 BOSSHARDT REALTY SERVICES LLC

Investment Insights

Based on property information with market context.

This Gainesville multifamily portfolio brings together three buildings with eight units: one fourplex and two duplexes. The properties are located in downtown, southwest Gainesville, and along the East University Avenue corridor. The fourplex and the duplex on SW 26th Way have had capital improvements; the East University Avenue duplex is positioned for renovation.

The buildings may be acquired together or separately. The portfolio provides a choice of configurations, from a single duplex or fourplex to the combined eight-unit holding.

Key Highlights

  • Eight units across three Gainesville properties
  • Portfolio includes one fourplex and two duplexes
  • Properties span downtown, southwest Gainesville, and the East University Avenue corridor

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Plumbing Service Electrical Service (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,558
Businesses Nearby

Demographics for 32601, FL

22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three Gainesville buildings comprise one fourplex and two duplexes.
Where is this multifamily property located?
The property is located at 824 SE 1ST AVENUE Gainesville, FL.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: Eight units across three Gainesville properties; Portfolio includes one fourplex and two duplexes; Properties span downtown, southwest Gainesville, and the East University Avenue corridor
More about this property
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