Triplex with U4
For Sale
$450,000
907 NW 4TH, Gainesville, FL 32601
Existing three-unit property with urban zoning and proximity to the UF campus.
Property Size1,751 SF
Days on Market52
Property Features for 907 NW 4TH
General Information
Standard status
Active
Size
1,751 SF
Property subtype
Investment
Zoning
U4
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,964
Building Details
Building Size
1,751 SF
Year Built
1930
Units
3
Listing Agency:
BHHS FLORIDA REALTY
Listed By:
Ann Ballatore · License #0686182
(352) 316-2875
Source:
Elliman
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 3:55PM
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 BHHS FLORIDA REALTY
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.
This three-unit property was built in 1930 and sits on a parcel designated U4 (Urban 4). The zoning framework allows up to 3 stories and a maximum height of 42 feet, with interior side setbacks of 0 feet subject to utilities and easements. Rear setbacks are 3 feet with an alley or 10 feet without one.
U4 zoning also permits one attached and one detached accessory dwelling unit per parcel when a primary residence remains and applicable City standards are met. The property is not within a historic district. It is located half a mile from the UF campus, with a bikeScore of 94 and a walkScore of 69. Buyers should verify zoning, permitted uses, development standards, and future plans with the City of Gainesville.
U4 zoning also permits one attached and one detached accessory dwelling unit per parcel when a primary residence remains and applicable City standards are met. The property is not within a historic district. It is located half a mile from the UF campus, with a bikeScore of 94 and a walkScore of 69. Buyers should verify zoning, permitted uses, development standards, and future plans with the City of Gainesville.
Key Highlights
- Triplex configuration on a U4 (Urban 4) zoned parcel
- Built in 1930
- U4 zoning allows up to 3 stories and a maximum height of 42 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,190
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,800
$343.8K
Cap Rate 7%
$245,571
$245.6K
Cap Rate 9%
$191,000
$191.0K
Market Conditions
NOI Build-Up for 1,751 SF
Gross rent
$26.3K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$24.6K $14.03/SF
− OpEx
−$7.4K −$4.21/SF
NOI
$17.2K $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%
$343,800
Cap Rate 7%
$245,571
Cap Rate 9%
$191,000
Alternative Uses
Best Use
Multifamily LT 5
$245.6K
$214.9K – $286.5K
NOI $17,190 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$220.4K
$192.8K – $257.1K
NOI $15,426 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,358 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,389
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Existing three-unit property with urban zoning and proximity to the UF campus.
Where is this triplex located?
The property is located at 907 NW 4TH Gainesville, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Triplex configuration on a U4 (Urban 4) zoned parcel; Built in 1930; U4 zoning allows up to 3 stories and a maximum height of 42 feet
