Gainesville Real Estate | Gainesville Multi-Family Homes for Sale

707 Sw 68th Terrace Unit A-D, Gainesville

8 Beds ⋅ 8 Baths ⋅ Cedar Ridge SubDv. ⋅ 32607 Zip Code

Income producing opportunity for first time investors using FHA & VA or seasoned investors!! This 4 unit multifamily property features four townhouse-style units, each offering 2 bedrooms, 1.5 bathrooms, and approximately 900 square feet of living space. Current monthly rents for occupied units is $1200 per month. Additional features include a 2018 asphalt shingle roof, 3 yr old HVAC systems (3 units), 4-5 yr old water heaters, tenant paid utilities, and no HOA. Conveniently located near major hospitals, public transportation, schools, daycare centers, and shopping. Call today to schedule!

707 Sw 68th Terrace Unit A-D, Gainesville

213 Ne Blvd Boulevard Unit 213-215, Gainesville

$860,000

9 Beds ⋅ 5 Baths ⋅ Home Investments Co SubDv. ⋅ 32601 Zip Code

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!

213 Ne Blvd Boulevard Unit 213-215, Gainesville

$1,035,000

Gainesville Kings Add SubDv. ⋅ 32601 Zip Code

Three-property multifamily investment opportunity in Gainesville offering eight units across one fourplex and two duplexes. Purchase the full portfolio for $1,035,000, or purchase the properties individually: 824 SE 1st Ave is a fourplex offered at $625,000; 3116 SW 26th Way is a duplex offered at $255,000; and 1504 E University Ave is a duplex offered at $155,000. The properties span downtown, southwest Gainesville, and the East University Avenue corridor. The fourplex and SW 26th Way duplex have received recent capital improvements, while the East University Avenue duplex offers a renovation opportunity. With existing rental income and vacant units available for lease-up, buyers can choose the property that fits their investment plans or acquire all eight units together. Contact the listing agent for the brochure, rent roll, and additional property details.

824 Se 1st Avenue, Gainesville

$520,000

20 Beds ⋅ 30 Baths ⋅ Southwood Apts Ph 2 Napier SubDv. ⋅ 32608 Zip Code

Quadruplex Property Opportunity for investment on Sale! GREAT LOCATION!! 100% Occupied! Located near UF Campus, Shands, VA, Shopping, Restaurants, Grocery Stores, bus lines and more.The roof was recently installed and comes with a 10-year warranty.

3913 Sw 26th Drive, Gainesville

$284,900

4 Beds ⋅ 4 Baths ⋅ Phoenix Sub Napier Grt SubDv. ⋅ 32608 Zip Code

TURNKEY INVESTMENT | FULLY RENOVATED | MOVE-IN READY Searching for a turnkey, fully renovated investment property? You found it! This beautifully updated duplex features two spacious 2-bedroom, 1.5-bathroom units, each offering approximately 900 square feet of living space. Both units are currently vacant, giving the new owner the flexibility to select their own tenants, set rental terms, or occupy one unit while renting the other. Every renovation has been professionally completed with permits, offering peace of mind while helping minimize future maintenance costs. Recent improvements include a NEW metal roof, NEW HardiePlank exterior siding, NEW HVAC systems, NEW water heaters, NEW double-pane windows, all NEW interior and exterior doors, NEW kitchens with shaker cabinetry, granite countertops, and stainless steel appliances, NEW bathrooms, NEW flooring, NEW fixtures, and NEW interior and exterior paint. Located along a main bus route with quick access to the University of Florida, restaurants, shopping, grocery stores, and everyday conveniences, this property is ideally positioned to appeal to students and working professionals. Whether you’re expanding your rental portfolio or looking for an owner-occupant opportunity, this fully renovated duplex is ready for its next chapter. Schedule your tour today! Please note: Photos shown are of a different unit with an identical floor plan, finishes, and features and are intended to represent the property being offered.

2604 Sw 31st Place, Gainesville

$875,000

4 Beds ⋅ 2 Baths ⋅ University Heights SubDv. ⋅ 32601 Zip Code

Great investment opportunity just 2 blocks from UF with 2 different two-bedroom properties AND 17 parking spaces! The property has the best high-density multi-family U-9 zoning. It is NOT zoned historic and it IS on the Enterprise Zone, both which are advantages for future development. The back parking area can either collect income or it can be developed in the future for another building to be added on. This duplex features two separate FULLY remodeled units. Each residence features an updated kitchen with granite countertops, modern cabinetry and appliances, a renovated bathroom, and a full-size LG front-loading washer and dryer. Additional remodeled features include luxury vinyl plank flooring, custom millwork, double-pane energy-efficient windows, upgraded blinds, LED lighting and ceiling fans. The owner also updated the property with the following: plumbing and electrical system updates, blown-in insulation, fresh interior and exterior paint, a 2020 roof, 2019 HVAC and a 2020 water heater. This parcel is turn-key and has it all, whether you are a Gator parent looking for your student, or an investor looking for a long-term hold, or both. The property is fully leased through July 31, 2027, providing an immediate income-producing opportunity for its next owner.

Gainesville

$549,900

8 Beds ⋅ 8 Baths ⋅ Tower Village Ii SubDv. ⋅ 32608 Zip Code

Come see this great investment opportunity. We all know it is difficult to find multifamily and particularly quadraplexes. This one is near a ton of amenities on Newberry Road and Archer Road. Nestled back in Tower Village puts it right off Tower Road near all neighborhoods and the development going on nearby. Veterans Memorial Park is close by as well. This multifamily is a great opportunity for someone looking to expand their portfolio. Set up a showing as soon as you can; you will not want to miss this one.

7216 Sw 43rd Place, Gainesville

$450,000

3 Beds ⋅ 3 Baths ⋅ Browns Addition SubDv. ⋅ 32601 Zip Code

Half Mile to UF Campus! Exceptional Investment & Development Opportunity! Rare opportunity to own a single family home and duplex situated on U4 (Urban 4) zoned parcel, offering immediate rental income and exciting long-term redevelopment potential. The U4 zoning district is designed to encourage walkable urban development and provides flexible building standards that may appeal to investors, builders, and developers. U4 zoning also allows up to 3 stories (42 feet maximum height), 0-foot interior side setbacks (subject to utilities and easements), and rear setbacks of 3 feet with an alley or 10 feet without. Accessory Dwelling Units (ADUs) are permitted, allowing one attached and one detached ADU per parcel, provided a primary residence remains on the property and all applicable City standards are met. The parcel is not located within a historic district, though buyers should verify any requirements with the City due to the age of the existing structures. Whether you're looking to continue operating the existing rental, expand your investment portfolio, or explore future redevelopment opportunities, this property offers exceptional flexibility in a highly desirable location. Buyers are encouraged to verify all zoning regulations, permitted uses, development standards, and future plans with the City of Gainesville. For buyers seeking an extraordinary investment opportunity, the adjacent properties are also available 907 NW 4th Place (triplex) and 908 NW 4th Place (single family).

918 Nw 4th Place, Gainesville

$450,000

3 Beds ⋅ 3 Baths ⋅ Browns Addition SubDv. ⋅ 32601 Zip Code

Half Mile to UF Campus! Exceptional Investment & Development Opportunity! Rare opportunity to own a triplex situated on U4 (Urban 4) zoned parcel, offering immediate rental income and exciting long-term redevelopment potential. The U4 zoning district is designed to encourage walkable urban development and provides flexible building standards that may appeal to investors, builders, and developers. U4 zoning also allows up to 3 stories (42 feet maximum height), 0-foot interior side setbacks (subject to utilities and easements), and rear setbacks of 3 feet with an alley or 10 feet without. Accessory Dwelling Units (ADUs) are permitted, allowing one attached and one detached ADU per parcel, provided a primary residence remains on the property and all applicable City standards are met. The property is not located within a historic district, though buyers should verify any requirements with the City due to the age of the existing structures. Whether you're looking to continue operating the existing triplex, expand your investment portfolio, or explore future redevelopment opportunities, this property offers exceptional flexibility in a highly desirable location. Buyers are encouraged to verify all zoning regulations, permitted uses, development standards, and future plans with the City of Gainesville. For buyers seeking an extraordinary investment opportunity, the adjacent properties are also available- 908 NW 4th Place and 918 NW 4th Place.

907 Nw 4th Place, Gainesville

$219,900

4 Beds ⋅ 4 Baths ⋅ Cedar Ridge SubDv. ⋅ 32607 Zip Code

Cedar Ridge duplex for sale & for lease, no HOA; Concrete block with 2 bedrooms, 1full bathroom and balconies upstairs, 1 toilet , living room, kitchen & laundry downstairs. Conveniently close to Home Depot & Oaks Mall. Roof appx. 19 plus years old? According to permit, 2007 was replaced. Make offers.

713 Sw 69 Street, Gainesville

1110 Sw 62 Terrace Unit A,B,C,D,E and F, Gainesville

$879,900

12 Beds ⋅ 12 Baths ⋅ Sugarfoot Oaks SubDv. ⋅ 32607 Zip Code

Available concrete with partial wood above, 6 Plex in Sugarfoot Oaks with no HOA fees. All are 2B/1.5b with bedrooms upstairs & living room plus kitchen downstairs. Washer/dryer hook up is attached outside. Behind Oaks mall, convenient to University of Florida, Shands, Va hospitals, North Florida hospitals, Sams, and shopping centers with bus stops appx. 1 1/2 blocks.

1110 Sw 62 Terrace Unit A,B,C,D,E and F, Gainesville

$595,000

8 Beds ⋅ 8 Baths ⋅ Tower Oaks SubDv. ⋅ 32607 Zip Code

Turnkey Gainesville Fourplex — Stabilized Asset with Strong Cash Flow Potential Positioned in one of North Central Florida’s most reliable rental markets, this upgraded fourplex presents a compelling opportunity for investors seeking immediate income and long-term appreciation. The property consists of four spacious 2BR/1.5BA units with a proven, tenant-friendly layout that supports consistent occupancy and retention. Capital improvements completed in 2024—2025, including flooring, windows, plumbing, and full bathroom upgrades, significantly reduce deferred maintenance and future CapEx exposure. With strong rental demand driven by the University of Florida and surrounding employment hubs, this asset is well-positioned for stable cash flow and continued rent growth. Ideal for investors seeking a low-maintenance, income-producing property with upside potential through rental optimization.

1718 Sw 69 Terrace, Gainesville

$315,000

Gainesville Mcdowalls Add SubDv. ⋅ 32601 Zip Code

Discover a rare gem in the heart of Downtown Gainesville – two beautifully updated vintage homes on a single lot with a BONUS lot included in the sale! This unique property offers an exceptional opportunity for savvy buyers. Both homes have undergone extensive renovations, featuring new roofs, AC units, plumbing, windows, and more, blending classic charm with modern comforts. The front home, a cozy 784 sq ft, 2-bedroom, 1-bath retreat, is currently leased for $1382/month through 9/3/26. The back home, a slightly larger 896 sq ft, 2-bedroom, 1-bath residence, is leased for $1,325/month through 1/30/2027. Perfectly situated, you can stroll to Depot Park or the vibrant downtown area in minutes. This property is ideal for an owner-occupant seeking to live in one home while renting out the other for steady income. With a proven rental history, these two homes are a steal at this price – essentially two homes for the price of one. Located in a rapidly appreciating area, with new construction taking place all around, this is an unbeatable investment in a prime, up-and-coming neighborhood!

221/223 Se 9th Street, Gainesville

$399,900

Oak Park SubDv. ⋅ 32609 Zip Code

Looking for a solid investment opportunity? Whether looking to add to your real estate portfolio or down size while still living rent free, this property satisfies both possibilities. Six bedrooms could be individually leased for extra income. Complete with some furnishings, including a fully equipped kitchen with 2 refrigerators, washer and dryer, and other appliances. Metal roof updated in 2010, updated 200 amp panel and plumbing throughout the main home. Separate to the main house sits a 1300 sqft one bedroom, one bathroom with a loft unit rented through June 2026 for $1400 per month. This space is also equipped with a functional kitchen and 3 wall mounted ac units, plus a functional workshop.

919 Nw 23rd Avenue, Gainesville

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