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!