Commercial Sale · Multi Family (5+)
422 SW 69TH STREET, GAINESVILLE, FL, 32607
Active39 days on marketListed Jun 24, 2026MLS #O6419379
About this property
The property at a glance
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.
6,778
Building sq ft
$325
Price / sq ft
0.34
Lot acres
1984
Year built
8
Units
1
Building
R-3
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
8.3%
Cap rate
$194,362
Net operating income
$275,000
Price / unit
8
Units
Estimated payment (illustrative)
Estimated payment
$10,891/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
31,938
Population
$46,517
Median income
26.9
Median age
2.2
Avg household
$297,800
Median home value
$1,222/mo
Median rent
2,649
Households w/ kids
Recent sales
What actually sold near 422 SW 69TH STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$985,000
611 NW 60TH STREET UNIT A,B,C,D
6,140 sqft · $160/sqft · Sold Dec 15, 2025
$300,000
4340 NEWBERRY ROAD
5,982 sqft · $50/sqft · Sold Jan 14, 2026
$1,000,000
1179 NW 64TH TERRACE
5,964 sqft · $168/sqft · Sold Apr 15, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 422 SW 69TH STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 422 SW 69TH STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of BLAIR REALTY GROUP INC · Reuben Simmonds, Jr. MLS #O6419379.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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