Commercial Sale · Multi Family (5+)
6816 SW 4TH PLACE, GAINESVILLE, FL, 32607
Active34 days on marketListed Jun 24, 2026MLS #O6419367
About this property
The property at a glance
Virtually Staged. Stabilized 16-Unit Multifamily Portfolio | 8.3% Current Cap Rate | Gainesville, FL Incredible opportunity to acquire a 94% occupied, high-yielding investment property spread across two contiguous 8-unit parcels. Features eight 1BR/1BA and eight 2BR/2BA units with immediate organic upside to market rents. Recent ownership-funded capital improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit. Strong cash flow anchored by premium VA and other government housing programs. Located entirely in Flood Zone X with no HOA fees. Unbeatable location off I-75, just 8 minutes from North Florida Regional Medical Center and under 15 minutes to the University of Florida campus. Act fast to add this turnkey cash-cow to your commercial portfolio! Contact listing agent for the full OM.
6,770
Building sq ft
$325
Price / sq ft
0.35
Lot acres
1983
Year built
8
Units
1
Building
R-3
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
8.3%
Cap rate
$194,362
Net operating income
$275,000
Price / unit
8
Units
Estimated payment (illustrative)
Estimated payment
$10,884/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kat to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
31,938
Population
$46,517
Median income
26.9
Median age
2.2
Avg household
$297,800
Median home value
$1,222/mo
Median rent
2,649
Households w/ kids
Recent sales
What actually sold near 6816 SW 4TH PLACE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$985,000
611 NW 60TH STREET UNIT A,B,C,D
6,140 sqft · $160/sqft · Sold Dec 15, 2025
$300,000
4340 NEWBERRY ROAD
5,982 sqft · $50/sqft · Sold Jan 14, 2026
$1,000,000
1179 NW 64TH TERRACE
5,964 sqft · $168/sqft · Sold Apr 15, 2026
Your team
The pros in your corner
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 6816 SW 4TH PLACE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 6816 SW 4TH PLACE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of BLAIR REALTY GROUP INC · Reuben Simmonds, Jr. MLS #O6419367.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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