$439,900
$10K PRICE DROP

5811 NW 23rd Terrace Unit A,B,C,D Gainesville, FL 32653

Pineridge Neighborhood

Estimated payment $2,663/month

Total Views 1,847
8 Beds
4 Baths
1,800 Sq Ft
$244 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • Central Air
  • High Speed Internet
  • William S. Talbot Elementary School Rated A-
  • Dogs and Cats Allowed
  • 3-minute walk to Northside Disc Golf Course

About This Home

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.

Listing Agent

Emily Behr

BHGRE THOMAS GROUP Brokerage Phone: 352-226-8228 License #3570997 Listed on: 11/04/2025

BHGRE THOMAS GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,973

Year Built

  • Built in 1978

Lot Details

  • 4,792 Sq Ft Lot
  • Additional Parcels

HOA Fees

  • $103 Monthly HOA Fees

Home Design

  • 1,800 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • 3,600 Sq Ft Building
  • Pineridge Association
  • Pineridge II Subdivision

Pet Policy

  • Dogs and Cats Allowed

Building Details

  • Operating Expense $6,000
  • Gross Income $38,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,973

Year Built

Built in 1978

Lot Details

0

HOA Fees

$103 per month

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Brick
  • Fireplace: No
  • Living Area: 1800
  • Lot Size Acres: 0.11
  • New Construction: No
  • Year Built: 1978
  • Building Area Total: 3600
  • Lot Size Sq Ft: 4792
  • Number Of Lots: 2
  • Status: Active
  • Street Direction: NW
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 334.45
  • Escrow City: Gainesville
  • Escrow State: FL
  • Escrow Street Name: NW 43rd St Suite B
  • RATIO Current Price By Calculate: 244.39
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 352-226-8228
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Primary Bedroom Main Floor
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: One
  • Living Area Meters: 167.23

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 308
  • Association Fee Frequency: Quarterly
  • Association Name: Pineridge Association
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Fee Requirement: Required
  • Development: Pineridge

Fee Information

  • Total Annual Fees: 1232.00
  • Total Monthly Fees: 102.67
  • Monthly HOA Amount: 102.67

Lot Info

  • Zoning: PD
  • Parcel Number: 06014-002-033
  • Additional Parcels: Yes
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Total Actual Rent: 2880

Multi Family

  • Gross Income: 38000
  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2973.45
  • Tax Book Number: J-37
  • Tax Lot: 33, 34

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2025 12/16/25 Price Changed $439,900 -2.2% $244 / Sq Ft
11/16/2025 11/16/25 For Sale $449,900 0.0% $250 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
11/04/2025 11/04/25 For Sale $449,900 +42.8% $250 / Sq Ft
01/14/2022 01/14/22 Sold $315,000 -3.8% $88 / Sq Ft View Prior Sale
12/14/2021 12/14/21 Pending -- -- --
12/12/2021 12/12/21 For Sale $327,500 0.0% $91 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $327,500 -- $91 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: GC535112

Stellar MLS
Florida Alachua County Gainesville 32653 Pineridge

5811 NW 23rd Terrace Unit A,B,C,D, Gainesville, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Emily Behr
Listing Agent
Emily Behr
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BHGRE THOMAS GROUP
(352) 717-7307