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.
Under contract-accepting backup offers. Introducing a charming fourplex property located in the vibrant city of Gainesville. Property has been fully renovated with new floors, kitchen and bathrooms . This multi-family dwelling offers an excellent investment opportunity and is perfect for individuals looking to expand their real estate portfolio. Rents are below market rates by $50-$325 per units . This fourplex is conveniently located close to major amenities, including shopping centers, restaurants, parks, and entertainment options. Its prime location provides easy access to transportation routes, making commuting a breeze. Each unit within the fourplex features 2 bedrooms and 1 bathrooms, providing comfortable and spacious living arrangements for tenants. Introducing a charming fourplex property located in the vibrant city of Gainesville. One unit has been fully renovated in 2020 and the other unit was partially renovated in 2021. This multi-family dwelling offers an excellent investment opportunity and is perfect for individuals looking to expand their real estate portfolio. Rents are below market rates by $300-$425 per units . This fourplex is conveniently located close to major amenities, including shopping centers, restaurants, parks, and entertainment options. Its prime location provides easy access to transportation routes, making commuting a breeze. Each unit within the fourplex features 2 bedrooms and 1 bathrooms, providing comfortable and spacious living arrangements for tenants. Please see attached rental income and expenses .
Public Records
Mar 2, 2022
Sold
$15,555,000
$4,181/sq ft
Public Records
Oct 9, 2019
Sold
$616,429
$166/sq ft
Public Records
Jan 21, 2004
Sold
$117,200
$32/sq ft
Public Records
Dec 21, 2000
Sold
$170,000
$46/sq ft
Public Records
Apr 25, 1990
Sold
$161,500
$43/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,873 (+8.4%)
2024
$10,031 (+82.2%)
2023
$5,505 (+10.6%)
$27,500 + $173,829
$201,329
2022
$4,975 (+7.1%)
$27,500 + $173,829
$201,329
2021
$4,644 (+8.9%)
2020
$4,265 (+32.6%)
2019
$3,216 (+6.4%)
2018
$3,022 (+11.2%)
$24,000 + $84,600
$108,600
2017
$2,718 (+4.5%)
$24,000 + $56,200
$80,200
2016
$2,600 (−21.4%)
$24,000 + $56,200
$80,200
2014
$3,306
$24,000 + $41,400
$65,400
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
2010
Finished Sq. Ft.
3,720
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,720
Year built
1981
Style
Other
County
Alachua County
APN
06678-100-009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
PD
Planned Development District
It is the purpose of this district to promote the development of land as phased planned communities and the utilization of creative concepts for development planning not otherwise provided in this ULDC, in a manner that is consistent with the Comprehensive Plan.
Sep 24, 2026 • Active
Electrical
Remove and replace an existing electrical meter socket with a new one of the same type.
Electrical
Electric meter
Mar 22, 2026 • Final
Electrical
Remove and replace an existing electrical meter socket with a new one of the same type.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Gainesville, FL • 32607
Average low and high temperatures (°F)
65
40
72
47
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54
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89
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92
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88
71
81
63
77
54
69
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1718 SW 69 Ter
$572,592
$22K under list price of $595K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $395K to $780K.