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 $300-$400 per unit. 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. The layout of the units is designed to maximize functionality and optimize the use of space.
Sold for $500,000
$500,000
1003 SW 59TH TERRACE, GAINESVILLE, FL 32607
8beds
4baths
3,348sqft
Quadruplex, Multi Family
Built in 1981
-- sqft lot
$455,500 Zestimate®
$149/sqft
$2,062 Estimated rent
Home value
$455,500
$387,000 - $533,000
$2,062/mo
Zestimate® history
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$3,552/mo
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List your homeWhat's special
Shopping centersNew floorsClose to major amenities
Zillow last checked:
Listing updated:
Listed by:
Abiel Ballesteros 786-355-6646,
UNITED DREAM REAL ESTATE 305-901-5331
Bought with:
Matt Merdian, 3271956
PARK PLACE REAL ESTATE
Source: Stellar MLS,MLS#: GC513780
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Ceiling Fan(s), Living Room/Dining Room Combo
- Has fireplace: No
Interior area
- Total interior livable area: 3,348 sqft
Property
Features
- Exterior features: Balcony, Courtyard, Lighting
- Has view: Yes
- View description: Garden
Lot
- Size: 0.3 Acres
Details
- Parcel number: 06675009015
- Zoning: R-2A
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Brick
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: SUGARFOOT OAKS
HOA
- Has HOA: No
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $360,280
- Annual tax amount: $4,695
- Date on market: 6/2/2023
- Cumulative days on market: 41 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 3795
- Tenant pays: Electricity, Water
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2023 | Sold | $500,000-2%$149/sqft |
Source:  Stellar MLS #GC513780 Report a problem | ||
| 7/14/2023 | Pending sale | $510,000$152/sqft |
Source: Stellar MLS #GC513780 Report a problem | ||
| 6/2/2023 | Listed for sale | $510,000+537.5%$152/sqft |
Source: Stellar MLS #GC513780 Report a problem | ||
| 3/11/2013 | Sold | $80,000+2.6%$24/sqft |
Source: Public Record Report a problem | ||
| 4/26/2011 | Sold | $78,000+23.8%$23/sqft |
Source: Public Record Report a problem | ||
| 10/1/2009 | Sold | $63,000-58%$19/sqft |
Source: Public Record Report a problem | ||
| 9/19/2003 | Sold | $150,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,555 +13% | $295,910 +10% |
| 2024 | $7,569 +17.8% | $269,009 +25.8% |
| 2023 | $6,423 +36.8% | $213,857 +86.3% |
| 2022 | $4,696 +5.7% | $114,785 +10% |
| 2021 | $4,443 +10.3% | $104,350 +10% |
| 2020 | $4,027 +5.6% | $94,864 +10% |
| 2019 | $3,813 | $86,240 -35.7% |
| 2018 | $3,813 +18.6% | $134,200 +28.4% |
| 2017 | $3,215 +8.8% | $104,500 +61.3% |
| 2016 | $2,956 -1.9% | $64,800 -3% |
| 2015 | $3,013 +1004336.6% | $66,800 -2.8% |
| 2014 | $0 | $68,700 +18.4% |
| 2013 | -- | $58,000 -11.9% |
| 2012 | -- | $65,800 -6.7% |
| 2011 | -- | $70,500 -5.5% |
| 2010 | -- | $74,600 -41.8% |
| 2009 | -- | $128,200 -2.4% |
| 2008 | -- | $131,400 -3.9% |
| 2007 | -- | $136,700 +4% |
| 2006 | -- | $131,400 +34.4% |
| 2005 | -- | $97,800 +26.5% |
| 2004 | -- | $77,300 +20.4% |
| 2003 | -- | $64,200 |
| 2002 | -- | $64,200 +15.3% |
| 2001 | -- | $55,700 +42.8% |
| 2000 | -- | $39,000 |
Find assessor info on the county website
Neighborhood: 32607
Nearby homes
- $--2 bd1 ba900 sqft1003 SW 59th Ter APT B, Gainesville, FL 32607Off Market
- $--2 bd1 ba900 sqft1003 SW 59th Ter APT D, Gainesville, FL 32607Off Market
- $128,2002 bd1 ba900 sqft1003 SW 59th Ter APT C, Gainesville, FL 32607Off Market
- $379,6002 bd1 ba3.3k sqft931 SW 59th Ter, Gainesville, FL 32607Off Market
- $--2 bd1 ba900 sqft931 SW 59th Ter APT B, Gainesville, FL 32607Off Market
- $236,1002 bd1 ba900 sqft931 SW 59th Ter APT A, Gainesville, FL 32607Off Market
- $--2 bd1 ba900 sqft931 SW 59th Ter APT C, Gainesville, FL 32607Off Market
- $334,8002 bd1 ba3.3k sqft1013 SW 59th Ter, Gainesville, FL 32607Off Market
Nearby schools
GreatSchools rating
- 9/10Hidden Oak Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 7/10Fort Clarke Middle SchoolGrades: 6-8Distance: 3 mi
- 6/10F. W. Buchholz High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Hidden Oak Elementary School-AL
- Middle: Fort Clarke Middle School-AL
- High: F. W. Buchholz High School-AL
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$455,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$455,500
- Florida
- Alachua County
- Gainesville
- 32607
- 1003 SW 59TH TERRACE
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