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$440,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 0.25 Acres
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Renovated and cash-flowing brick quadruplex for sale with stellar occupancy history! All units are 2BD/1.5BA townhome style with open layouts and 975+/- sqft of living space. Unit A - $1,200, Unit B - $1,258, Unit C - Vacant for tours (previously $1,300), Unit D - $1,170. Completely remodeled kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, private deck areas for both bedrooms, and private fenced backyard areas. Tenants pay all utilities, no HOA. 2025 asphalt shingle roof, 3 HVACs are less than 4 years old. Electric is copper wire with cutler hammer and square D breakers. Main plumbing drains are PVC. Plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves. Located at the front of the Cedar Ridge subdivision of Gainesville, FL; within 5 miles of the Oaks Mall, University of Florida, HCA North Florida Hospital, as well as several shopping centers & other amenities. This quad is being offered for sale along with 2 additional quadruplexes (1 directly adjacent) and duplex in the same subdivision (723 SW 69th St, 712 SW 70th Ter, and 714 SW 69th St). Buildings can be purchased individually or as portfolio. Marketing package linked with information on all buildings. If you're looking for a renovated, stabilized, and cash-flowing investment this is your opportunity! Call today to schedule a tour!

Full Property Details for 724 SW 68th Terrace

General

  • Price: $440,000
  • Taxes: $8,883 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: GC542159
  • Updated: 8/7/2026
  • Added to Site: 37 day(s) ago

Interior

  • Interior Features: Other

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Electric Dryer Hookup, Washer Hookup

Exterior

  • Exterior Features: Other

Location

  • Area: 32607 - Gainesville
  • County: Alachua
  • Development Name: 32607 - Gainesville
  • Subdivision: CEDAR RIDGE
  • Driving Directions: From intersection of SW 75th ST (Tower Rd) and SW 8th Ave, head east on 8th Ave. First property (quad) is located on SW 70th St (turn Left) and subject is 2nd one on the left. From there continue north on 70th St and turn right on SW 6th Pl. Two additional properties are located on the cul-de-sac of SW 69th St, and the 4th property is located on the cul-de-sac of SW 68th Terr.

Community

  • Community Name: 32607 - Gainesville

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Shingle
  • Square Feet: 3,902
  • Sq. Ft. Source: Public Records
  • Year Built: 1981

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Size: 10890
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $8,883.03
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: CEDAR RIDGE PB K-8 LOT 9 BK C OR 5098/0506
  • Flood Zone Info: X
  • APN: 6655053009
  • Property ID: 6655053009

Listed by The Multifamily Advisors

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— 724 SW 68th Terrace —

  • The Multifamily Advisors

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 724 SW 68th Terrace

School District:Alachua County School District
NameGradesDistance
Myra Terwilliger Elementary School
301 Northwest 62nd Street, Gainesville, FL 32607
K-50.8 mi
F. W. Buchholz High School
5510 Northwest 27th Avenue, Gainesville, FL 32606
9-122.4 mi
Fort Clarke Middle School
9301 Northwest 23rd Avenue, Gainesville, FL 32606
6-82.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 724 SW 68th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Listed
$440,000
-59.45%
MLS
6/12/2023
Sold
$1,085,000
—
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 724 SW 68th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,883
14%
$393,490
36%
2024
$7,799
63%
$289,416
28%
2023
$4,778
19%
$225,260
24%
2021
$4,004
-6%
$182,232
-13%
2022
$4,258
6%
$210,368
69%
2021
$4,004
35%
$124,138
98%
2019
$2,966
18%
$62,557
-2%
2018
$2,508
-3%
$63,700
-16%
2017
$2,591
19%
$76,200
62%
2016
$2,173
-2%
$47,000
-4%
2015
$2,227
-5%
$49,000
-4%
2014
$2,356
-1%
$51,300
-2%
2013
$2,374
—
$52,300
—
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.

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

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NMLS#: 1598647

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Listed by The Multifamily Advisors

724 SW 68th Terrace, Gainesville, FL 32607 (MLS# GC542159) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 724 SW 68th Terrace is currently listed for $440,000 and was received on July 23, 2026. Want to learn more about 724 SW 68th Terrace? 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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