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111 SW 23RD TERRACE Gainesville, FL $ 649,000
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111 SW 23RD TERRACE
$ 649,000
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111 SW 23RD TERRACE

Gainesville, FL, 32607
$ 649,000
Bedrooms5 Baths4.0 Sq 2,588

Monthly Estimate*

$ 3,996

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Multi-Family Home for sale in Gainesville, FL

for $649,000 with 5 bedrooms and 4 full baths. This 2,588 square foot home was built in 1956 on a lot size of 0.26.

48 Hour notice required prior to touring property. The owner of this single-family investment also has for sale the adjacent vacant lot parcel to the rear of the building at 104 SW 23rd St, and the investment home two doors down at at 21 SW 23rd Terrace (see attached marketing flyer showing all three). Absolutely unmatched location directly across from UF's Law School, this investment home is currently leased through July 2026 for $4,000/month. Renewal lease through July 2027 in process of being signed. This 5-bedroom 3-bathroom home is concrete block, with a large deck and backyard concrete/basektball court area. Tenants pay all utilities. This is an ideal purchase for alumni, or a parent of a future student at UF, an investor looking to park safe money, or a future homeowner who likes to be in the middle of the action.

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Multi-Family Active

Price

$ 649,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,102

Style

Lot Size

0.26

Year Built

1956

Town/City

Gainesville

County/Region

Alachua

MLS | Web ID

GC537362
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Public Water Connected
Roof Shingle
Zoning RSF2
Construction Materials Concrete
Year Built 1956
Tax Year 2025
Ownership Fee Simple
County Alachua
New Construction false
Property Type Residential Income
Subdivision Name UNIVERSITY PARK
Garage Y/N false
Status Active
Directions From SW 13th Street (US-441) turn east onto SW 23rd Street then take the first right onto SW 23rd Terrace; 111 SW 23rd Terrace is ahead on your left.
City GAINESVILLE
Senior Community Y/N false
Number Of Units Total 5
MLS Area 32607 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 11326
Carport Spaces 2
Carport Y/N true
Land Lease Y/N false
Tax Annual Amount 10102.67
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Legal Description UNIVERSITY PARK PB B-61/75 LOT 2 & THAT PART OF LOT 11 LYING BETWEEN A LINE EXTENDED FROM SW COR OF LOT 7 TO NE COR OF LOT 1 ALL IN BK 8 & N/LY 7 FT OF LOT 1 OR 5195/1090
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Eating Space In Kitchen Stone Counters
Flooring Luxury Vinyl Tile Hardwood
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside Laundry Room Washer Hookup
Total Bedrooms 5
Total Baths 4
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Exterior
Exterior Amenities Balcony Fenced Private Entrance Sidewalk Sliding Doors
Parking Features Covered Driveway
Water Source Public
Lot Size Area 11326
Foundation Details Block
Number of Buildings 1
Lot Size Acres 0.26
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 2
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* Excluded Features
List By
Brg Realty Ventures Llc

Broker

joe@themultifamilyadvisors.com

Email

Affordability Calculator

$4,838
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,996
Monthly Property Taxes
$842
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/9/2026$649,000 Listed Price

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111 SW 23RD TERRACE, Gainesville, FL, 32607 is a Multi-Family Home for sale at $649,000 with 2,588 sqft and a lot size of 0.26. 111 SW 23RD TERRACE has 5 bedrooms, 4.0 baths, and was built in 1956. The property's zip code is 32607 which is in Gainesville, FL

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