Under contract-accepting backup offers. Excellent investment opportunity with this well-maintained quadplex in a convenient Gainesville location. The property consists of four 2-bedroom, 1-bath units, each offering approximately 840 square feet of living space. The units feature functional floor plans with spacious living areas, abundant natural light, tile flooring throughout, and kitchens with ample cabinet storage.
All four units are currently leased, providing immediate and stable rental income. The property generates $4,400 per month in gross rental income ($52,800 annually). A metal roof was installed in 2022, offering added durability and reduced maintenance.
Conveniently located near shopping, dining, public transportation, parks, major roadways, and a variety of local amenities. Nearby destinations include the University of Florida, UF Health Shands Hospital, the Malcolm Randall VA Medical Center, the UF College of Veterinary Medicine, Butler Plaza, Celebration Pointe, and Newnans Lake.
This income-producing property presents an opportunity for investors seeking a fully leased multifamily asset in Gainesville. Contact us today for additional information, financial details, or to schedule a showing.
All four units are currently leased, providing immediate and stable rental income. The property generates $4,400 per month in gross rental income ($52,800 annually). A metal roof was installed in 2022, offering added durability and reduced maintenance.
Conveniently located near shopping, dining, public transportation, parks, major roadways, and a variety of local amenities. Nearby destinations include the University of Florida, UF Health Shands Hospital, the Malcolm Randall VA Medical Center, the UF College of Veterinary Medicine, Butler Plaza, Celebration Pointe, and Newnans Lake.
This income-producing property presents an opportunity for investors seeking a fully leased multifamily asset in Gainesville. Contact us today for additional information, financial details, or to schedule a showing.
Property Details
Price:
$469,900
MLS #:
GC540860
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PHOENIX SUB PH II NAPIER GRT
Neighborhood:
32608gainesville
Listed Date:
Jun 12, 2026
Finished Sq Ft:
3,360
Total Sq Ft:
3,360
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1983
Units:
4
See this Listing
Schools
Elementary School:
Idylwild Elementary School-AL
Middle School:
Kanapaha Middle School-AL
High School:
Eastside High School-AL
Interior
Appliances
Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile, Luxury Vinyl
Heating
Central, Electric
Interior Features
Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
Laundry Features
Inside, Laundry Closet
Levels
One
Exterior
Community Features
None
Construction Materials
Block, Wood Frame
Exterior Features
None, Sidewalk
Lot Features
Corner Lot, City Lot, Level, Near Public Transit, Sidewalk
Open Parking YN
1
Parking Features
Open
Patio And Porch Features
None
Roof
Metal
Window Features
Wood Frames
Financial
HOA Fee
$500
HOA Fee Frequency
Semi-Annually
HOA Name
Phoenix Association/Lucy McCullough
HOA Phone
(352) 378-1387
Tax Year
2025
Taxes
$8,270
Map
Community
- Address2321 SW 31ST PLACE GAINESVILLE FL
- SubdivisionPHOENIX SUB PH II NAPIER GRT
- CityGAINESVILLE
- CountyAlachua
- Zip Code32608
Subdivisions in GAINESVILLE
Market Summary
Current real estate data for Multi Family in GAINESVILLE as of Aug 29, 2026
21
Multi Family Listed
85
Avg DOM
198
Avg $ / SqFt
$515,495
Avg List Price
Property Summary
- Located in the PHOENIX SUB PH II NAPIER GRT subdivision, 2321 SW 31ST PLACE GAINESVILLE FL is a Multi Family for sale in GAINESVILLE, FL, 32608. It is listed for $469,900 To schedule a showing of MLS#gc540860 at 2321 SW 31ST PLACE in GAINESVILLE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of FIRST CHOICE REALTY OF NORTH FLORIDA LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 2321 SW 31ST PLACE
GAINESVILLE, FL