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$429,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.11 Acres
  • Updated 13 days ago
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See This Home
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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.

Full Property Details for 5811 NW 23rd Terrace #A, B, C, D

General

  • Price: $429,900
  • HOA FEE: $103/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,973 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: GC535112
  • Updated: 1/6/2026
  • Added to Site: 76 day(s) ago

Interior

  • Interior Features: Primary Bedroom Main Floor
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Sidewalk

Location

  • Area: 32653 - Gainesville
  • County: Alachua
  • Development Name: 32653 - Gainesville
  • Subdivision: PINERIDGE II
  • 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.

Community

  • Community Name: 32653 - Gainesville
  • Association: Yes
  • Assoc. Name: Pineridge Association

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Brick
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,800
  • Sq. Ft. Source: Public Records
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,792
  • Lot Size: 4792
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Association Fee: $308
  • Assoc Fee Freq.: Quarterly
  • Assoc Fee Desc.: Required
  • Tax Amount: $2,973.45
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • 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
  • Flood Zone Info: X
  • APN: 6014002033
  • Property ID: 6014002033

Listed by Bhgre Thomas Group

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Listing agent

— 5811 NW 23rd Terrace #A, B, C, D —

  • Bhgre Thomas Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5811 NW 23rd Terrace #A, B, C, D

School District:Alachua County School District
NameGradesDistance
William S. Talbot Elementary School
5701 Northwest 43rd Street, Gainesville, FL 32653
K-51.8 mi
Westwood Middle School, Gainesville, FL
3215 Northwest 15 Avenue, Gainesville, FL 32605
6-83.1 mi
Gainesville High School
1900 Northwest 13th Street, Gainesville, FL 32609
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5811 NW 23rd Terrace #A, B, C, D Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$429,900
-2.27%
MLS
12/16/2025
Price Reduced
$439,900
-2.22%
MLS
11/04/2025
Listed
$449,900
42.83%
MLS
1/14/2022
Sold
$315,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5811 NW 23rd Terrace #A, B, C, D

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,973
—
$183,730
47%
2024
$2,973
-7%
$125,378
-7%
2023
$3,210
107%
$134,520
32%
2021
$1,550
-6%
$102,096
-11%
2022
$1,651
7%
$114,451
85%
2021
$1,550
29%
$61,800
77%
2019
$1,204
23%
$34,980
-29%
2018
$979
8%
$49,000
17%
2017
$907
4%
$41,900
-4%
2016
$876
26%
$43,700
83%
2015
$694
-4%
$23,900
-3%
2014
$721
-3%
$24,700
-4%
2013
$744
—
$25,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5811 NW 23rd Terrace #A, B, C, D

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Bhgre Thomas Group

5811 NW 23rd Terrace #A, B, C, D, Gainesville, FL 32653 (MLS# GC535112) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 5811 NW 23rd Terrace #A, B, C, D is currently listed for $429,900 and was received on November 04, 2025. Want to learn more about 5811 NW 23rd Terrace #A, B, C, D? Do you have questions about finding other Multi-Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

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