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Maria Cendon

cendonrealty@gmail.com +1(407) 536-0778

$ 860,000

Est. payment | -/mo

9 Beds

5 Baths

4,312 SqFt

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$ 860,000

Est. payment | -/mo

Save Virtual Tour

9 Beds

5 Baths

4,312 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,312 sqft

Price per Sqft $199

Subdivision Home Investments Co

MLS Listing ID GC544176

Bedrooms 9

Construction Status Completed

HOA Y/N No

Year Built 1938

Annual Tax Amount $10,476

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

Rare investment opportunity in Gainesville's highly desirable Duckpond Historic District! This income-producing quadplex offers four established rental units, approximately 4,312 square feet of living space, significant improvements, and exciting potential for future expansion. Situated on a spacious lot along picturesque NE Boulevard, this distinctive multifamily property combines historic charm, established rental income, and an exceptional location in one of Gainesville's most sought-after neighborhoods. Featuring a total of 9 bedrooms and 5 bathrooms across four separate residences, the property offers a versatile mix of two-bedroom apartments and a spacious three-bedroom, two-bath townhouse. Charming architectural details include beautiful parquet flooring, hardwood stairs, graceful archways, fireplace in unit 215C, spacious living areas, separate dining spaces, and inviting porches. Additional conveniences include central heating and air conditioning, separate electric meters, on-site laundry facilities with a washer and dryer, and designated parking for each residence. Recent improvements include a roof replacement in 2023 and exterior painting in 2025. Currently generating approximately $5,260 in monthly rental income, or $63,120 annually, the property provides four established income streams with additional investment potential. An especially appealing feature is the additional land behind the existing building, offering the possibility of future residential development. The seller previously explored constructing an additional two-story duplex, potentially increasing the property's rental income and long-term value. Any future construction is subject to applicable zoning, permitting, access requirements, historic district regulations, and governmental approvals. Location is a standout feature! Enjoy the charm of Duckpond's tree-lined streets, historic homes, and neighborhood character, with the beautiful Thomas Center and Gardens nearby. Just minutes from vibrant Downtown Gainesville, residents have convenient access to locally owned restaurants, coffee shops, boutiques, the Hippodrome Theatre, Bo Diddley Plaza, Depot Park, and the Cade Museum. The University of Florida, UF Health Shands Hospital, and Gainesville's major employment and educational centers are also conveniently accessible. This prime location offers an appealing combination of historic neighborhood living and urban convenience. Whether you're expanding your investment portfolio, seeking a 1031 exchange opportunity, or looking for a multifamily property with future growth potential, this Duckpond quadplex delivers a compelling combination of established income, recent improvements, distinctive character, and an outstanding Gainesville location. Don't miss this opportunity to own a unique income-producing property in the heart of Gainesville!

Location

State FL

County Alachua

Community Home Investments Co

Area 32601 - Gainesville

Zoning U2

Rooms

Other Rooms Family Room, Formal Dining Room Separate

Interior

Interior Features Ceiling Fans(s), Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Thermostat

Heating Central, Electric

Cooling Central Air

Flooring Parquet, Tile, Wood

Fireplaces Type Living Room, Wood Burning

Furnishings Unfurnished

Fireplace true

Appliance Electric Water Heater, Range, Refrigerator

Laundry Common Area, Electric Dryer Hookup, Laundry Room, Outside, Washer Hookup

Exterior

Exterior Feature Balcony

Parking Features Common, Driveway, On Street

Utilities Available BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Porch Front Porch, Rear Porch, Screened

Garage false

Private Pool No

Building

Lot Description Historic District, City Limits, Near Public Transit, Paved

Entry Level Multi/Split

Foundation Pillar/Post/Pier, Stilt/On Piling

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Schools

Elementary Schools W. A. Metcalfe Elementary School-Al

Middle Schools Westwood Middle School-Al

High Schools Gainesville High School-Al

Others

Pets Allowed Cats OK, Dogs OK, Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required None

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC544176

Listed by Dawn Johnson FIRST CHOICE REALTY OF NORTH FLORIDA LLC

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213 NE BLVD BLVD #213-215 Gainesville, FL 32601