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20420 243rd Drive, FL
Stellar MLS

$2.65M

20420 243rd Drive

High Springs, FL 32643

Listing updated: July 17, 2026 at 8:32 PM ET

Active
Stellar MLSListing courtesy of The Multifamily Advisors · Beau Beery · MLS #GC541957 · Active · 352-871-8324
21,385
Building SF
6
Acres
28
Units
1983
Built
$123.92
Per SF
Multi-Family 5+7.17% cap rate6 acres$123.92/SF360° tour
Multi-Family 5+

Property type

1983

Year built

21,385 SF

Building size

261,360 sqft

Lot size

$123.92

Price / SF

28

Units

C3

Zoning

0

Days on market

Investment & cash flow

7.17%
Cap rate
$190K
NOI / yr
$123.92
Price / SF

Income includes: Laundry, Parking

Figures provided by the listing broker — verify independently.

About this property

This is 10 minutes north of Gainesville, FL in High Springs, which was named the “Friendliest Small Town” by Florida Magazine and has a $94,421 median household income. The property is consistently fully leased. All single story, with parking directly in front of the units. There are 7-1BR/1BA, 17-2BR/1BA and 4-3BR/1BA. Average in place rent is $960/month. One of the five bldgs had the roof replaced in 2025 (cost of $30k). Total property is 6 acres and leaves room to add an additional 44 units. In addition to these 28 units, the same owner is selling 2 quadruplex buildings about 2 miles away. See MLS #

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
0
Subdivision
Hamilton Estate
County
Alachua
Year built
1983
Building area
21,385 sq ft
Price/sq ft
$123.92
Lot size
261,360 sq ft
Units
28
Buildings
5
Stories
1
Electric meters
28
Water meters
28
Road frontage
City Street
Annual taxes
$43K (2025)
Parcel #
00217-001-000
Zoning
C3
MLS #
GC541957

Utilities

Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-07-14
On market date
2026-07-17
MLS area
32643 - High Springs
Status changed
2026-07-17
Tax legal description
HAMILTON ESTATES PB C-10 COM SW COR LOT 13 RUN E 50 FT S 20 FT E ALONG N R/W PONCE DE LEON DRIVE 237.38 FT TO POB N 368.17 FT E 591.63 FT S 368.17 FT W 591.63 FT TO POB OR 4693/1353

Location

Directions

From I-75 and US 441, head north on 441 towards High Springs. Turn right on NW 204th Avenue, just past the Winn-Dixie. Subject property will be on the left.

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 July 17, 2026 at 8:32 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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