5811 NW 23rd Terrace #A, B, C, D Gainesville, FL 32653
For Sale MLS# GC535112
8 beds 4 baths 1,800 sq ft Multi-family
Details for 5811 NW 23rd Terrace #A, B, C, D
MLS# GC535112
Description for 5811 NW 23rd Terrace #A, B, C, D, Gainesville, FL, 32653
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 Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.11 Acres
Square Feet: 1,800 sq ft
Year Built: 1978
Stories: 1 Story
Construction: Brick
Construction Display: New Construction
Subdivision: Pineridge Ii
Foundation: Slab
Number Of Units Total: 4
County: Alachua
Construction Status: New Construction
Additonal Room Information
Laundry: Inside
Interior Features
Additional Interior Features: Main Level Primary
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected,High Speed Internet Available,Sewer Connected,Water Connected
Cooling: Central Air
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Community Features
Community Features: Sidewalks
Homeowners Association: Yes
HOA Dues: $308 / Quarterly
Unit Information
Unit 1 Units Total: 4
Unit 1 Actual Rent: 3600
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Driving 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.
Financial Considerations
Terms: Cash,Conventional
Gross Income: 38000
Tax/Property ID: 06014-002-033
Tax Amount: 2973.45
Tax Year: 2024
A broker reciprocity listing courtesy: BHGRE THOMAS GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5811 NW 23rd Terrace #A, B, C, D
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5811 NW 23rd Terrace #A, B, C, D
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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