$2,650,000
Pending20420 NW 243rd Dr, High Springs, FL 32643
21,499 sq ft
Listing courtesy of THE MULTIFAMILY ADVISORS · MLS# GC541957
40 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
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 #
Facts
- Property type
- Multi-Family 5+
- Year built
- 1983
- Flood zone
- X
- Annual taxes
- $43,054/yr
- Listed
- Jul 14, 2026
- MLS #
- GC541957
Commercial details
Building & site
- Building size
- 21,385 SF
- Lot size
- 6 acres (261,360 SF)
- Zoning
- C3
- Road frontage
- City Street
- Buildings
- 5
Investor metrics
- Price per SF (MLS)
- $123.92/SF
- Cap rate
- 7.06%
- Net operating income
- $190,000/yr
- Units
- 28
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $2,650,000
- Status changed to Pending
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20420 NW 243rd Dr, High Springs, FL 32643
Listing courtesy of THE MULTIFAMILY ADVISORS · MLS# GC541957 · Pending
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.