GAINESVILLE, FL 32653 5811 NW 23RD TERRACE #A, B, C, D
$449,900
20 more
Presented By: BHGRE THOMAS GROUP with 352-226-8228. - 352-226-8228
Beds • 8
Baths • 4
SQFT • 1,800
Home Details
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.
Presented By: BHGRE THOMAS GROUP with 352-226-8228. - 352-226-8228
Interior Features for 5811 NW 23RD TERRACE #A, B, C, D
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Furnished Y/Nunfurnished
Heating Y/NYes
Interior Amenitiesprimary bedroom main floor
Laundry Featuresinside
General for 5811 NW 23RD TERRACE #A, B, C, D
Additional Parcels Description06014-002-034
Additional Parcels Y/NYes
Assoc Fee Paid Perquarterly
Association Namepineridge association
Building Area Unitssquare feet
Carport Y/NNo
Citygainesville
Construction Materialsbrick
Coolingcentral air
Countyalachua
Directionsheading 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.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income38000
HOAYes
HOA Fee$308
Heatingelectric
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionpineridge 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
Levelsone
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet4792
Lot Size Unitssquare feet
MLS Area32653 - gainesville
ModificationTimestamp2025-11-04t17:37:20.690z
Monthly HOA Amount102.67
New ConstructionNo
Number Of Units Total4
Occupancy Typevacant
Ownershipfee simple
Pets Allowedcats ok, dogs ok, yes
Possessionclose of escrow
Property Conditioncompleted
Property Subtypequadruplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namepineridge ii
Tax Annual Amount2973.45
Tax Lot33, 34
Tax Year2024
Total Actual Rent2880
Unit Numbera, b, c, d
Utilitiesbb/hs internet available, electricity connected, sewer connected, water connected
Water Access Y/NNo
Water View Y/NNo
Year Built1978
Zoningpd
Exterior for 5811 NW 23RD TERRACE #A, B, C, D
Building Area Total3600
Exterior Amenitiessidewalk
Foundation Detailsslab
Lot Size Acres0.11
Lot Size Area4792
Number of Buildings1
Number of Lots2
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Steven Silcock
Broker Owner