5811 NW 23RD TERRACE A, B, C, D Gainesville, FL $ 429,900
5811 NW 23RD TERRACE A, B, C, D
$ 429,900
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5811 NW 23RD TERRACE A, B, C, D

Gainesville, FL, 32653
$ 429,900
Bedrooms8 Baths4.0 Sq 1,800

Monthly Estimate*

$ 2,647

5811 NW 23RD TERRACE A, B, C, D, Gainesville, FL 32653 - Image 1
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Multi-Family Home for sale in Gainesville, FL

for $429,900 with 8 bedrooms and 4 full baths. This 1,800 square foot home was built in 1978 on a lot size of 0.11.

Discover this exceptional four-unit income property in Northwest Gainesville! Each of the four self-contained units is thoughtfully designed with 2 bedrooms and 1 bath, and in-unit laundry. Located in a high-demand rental area, 15 minutes from UF, Shands, and the VA, this property offers both convenience and value. With consistent occupancy rates and market rents continuing to rise, the building delivers steady income with upside potential through rental increases or minor upgrades. AC has been replaced in 2017, two units in 2019, and one in 2021. Three of the units are rented ($990, $990, and $900). The interiors for all 4 units have been updated and appliances were purchased in 2023 and 2025. Whether you’re expanding your portfolio or looking for a turnkey property with proven returns, this quadruplex represents a solid investment opportunity with reliable performance and minimal management hassle.

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Multi-Family Active

Price

$ 429,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,973

Style

Quadruplex

Lot Size

0.11

Year Built

1978

Town/City

Gainesville

County/Region

Alachua

MLS | Web ID

GC535112

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities BB/HS Internet Available Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Zoning PD
HOA Fee 308
Construction Materials Brick
Pets Allowed Cats OK Dogs OK Yes
Year Built 1978
Levels One
Unit Number A B C D
Property Subtype Quadruplex
Tax Year 2024
Ownership Fee Simple
Gross Income 38000
Additional Parcels Description 06014-002-034
Assoc Fee Paid Per Quarterly
County Alachua
New Construction false
Property Type Residential Income
Subdivision Name PINERIDGE II
Garage Y/N false
Status Active
Directions Heading N or NW 34th St pass NW 53 Ave make a left on NW 23rd Terrace. Drive about 100 yards and property will be on the right.
City GAINESVILLE
Association Name Pineridge Association
Senior Community Y/N false
Number Of Units Total 4
MLS Area 32653 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 4792
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 2973.45
Property Condition Completed
Additional Parcels Y/N true
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC535112
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 33 34
Total Actual Rent 2880
Legal Description PINERIDGE II PB J-37 LOT 33 OR 4115/1378 & OR 4264/0976 PINERIDGE II PB J-37 LOT 34 OR 4115/1378 & OR 4264/0976
Water Access Y/N false
Monthly HOA Amount 102.67
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Primary Bedroom Main Floor
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Sidewalk
Water Source Public
Lot Size Area 4792
Foundation Details Slab
Number of Buildings 1
Building Area Total 3600
Lot Size Acres 0.11
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Number of Lots 2
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* Excluded Features
List By
Bhgre Thomas Group

Broker

emilythomas@thomasgrouprealty.com

Email

Affordability Calculator

$2,895
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,647
Monthly Property Taxes
$248
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
Pricing History
DatePricePrice ChangeDescription
1/6/2026$429,900 -2.27% Price Down
12/19/2025$439,900 Listed Price

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5811 NW 23RD TERRACE A, B, C, D, Gainesville, FL, 32653 is a Multi-Family Home for sale at $429,900 with 1,800 sqft and a lot size of 0.11. 5811 NW 23RD TERRACE A, B, C, D has 8 bedrooms, 4.0 baths, and was built in 1978. The property's zip code is 32653 which is in Gainesville, FL