$2.20M
422 69th Street
Gainesville, FL 32607
Listing updated: June 29, 2026 at 2:21 PM ET
Property type
Year built
Building size
Lot size
Price / SF
Units
Zoning
Days on market
Investment & cash flow
Income includes: Rent Only
Figures provided by the listing broker — verify independently.
Lease terms
- Occupancy
- Tenant
About this property
Virtually Staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! Blair Realty Group, Inc. is pleased to present the Cedar Ridge Villas Portfolio—a stabilized, 94% occupied 16-unit multifamily portfolio offered at a competitive 8.3% current Cap Rate. Comprising two contiguous, legally distinct 8-unit parcels, this portfolio provides an investor with immense structural and financing flexibility. The asset features a perfectly balanced unit mix of eight 1BR/1BA (~675 SF) and eight 2BR/2BA (~875 SF) units. Capital expenditures have been heavily mitigated with recent ownership-funded improvements, including partial roof repairs, new HVAC systems, a down-to-the-studs renovation of unit 422-G, and widespread appliance upgrades. The property benefits from strong, recession-resilient income, including contracted VA supportive housing leases ($2,000/mo for 2BR units) and other government program. Located entirely in FEMA Flood Zone X with NO HOA, the portfolio boasts low operational friction and sits just minutes from I-75, North Florida Regional Medical Center, and the University of Florida. Complete Offering Memorandum available upon request.
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 5
- Subdivision
- Cedar Ridge Villas
- County
- Alachua
- Year built
- 1984
- Building area
- 6,778 sq ft
- Price/sq ft
- $324.58
- Lot size
- 14,810 sq ft
- Units
- 8
- Buildings
- 1
- Stories
- 2
- Electric meters
- 8
- Road frontage
- City Street
- Annual taxes
- $10K (2025)
- Parcel #
- 06655-070-009
- Zoning
- R-3
- MLS #
- O6419379
Utilities
- Utilities
- BB/HS Internet Capable, Electricity Available, Public, Water Connected
- Water source
- Public
- Sewer
- Public Sewer
Listing details
- Listing date
- 2026-06-24
- On market date
- 2026-06-24
- Original list price
- $220K
- MLS area
- 32607 - Gainesville
- Status changed
- 2026-06-24
- Tax legal description
- CEDAR RIDGE VILLAS PB M-19 LOT 9 OR 5221/2911
Location
Directions
From Archer Rd & I-75, go north on I-75 to Newberry Rd, go left onto Newberry, go left on NW 75th Ave, take a left on SW 8th Ave, take a left on SW 67th Terrance, take a left on SW 4th Pl, 3rd building on the right. Leave the parking lot, go right, turn left on SW 69th St, 2nd building on right is 422 SW 69th St
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 29, 2026 at 2:21 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA