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422 69th Street, FL
Stellar MLS

$2.20M

422 69th Street

Gainesville, FL 32607

Listing updated: June 29, 2026 at 2:21 PM ET

Active
Stellar MLSListing courtesy of Blair Realty Group Inc · Reuben Simmonds, Jr · MLS #O6419379 · Active · 407-210-3944
6,778
Building SF
0.34
Acres
8
Units
1984
Built
$324.58
Per SF
Multi-Family 5+8.83% cap rate$324.58/SF360° tour
Multi-Family 5+

Property type

1984

Year built

6,778 SF

Building size

14,810 sqft

Lot size

$324.58

Price / SF

8

Units

R-3

Zoning

5

Days on market

Investment & cash flow

8.83%
Cap rate
$194K
NOI / yr
$324.58
Price / SF

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

MLS GRID

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

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422 69th Street — $2.20M | MaxLife Commercial