Commercial Sale · Multi Family (5+)
20420 NW 243RD DRIVE, HIGH SPRINGS, FL, 32643
Active26 days on marketListed Jul 17, 2026MLS #GC541957
About this property
The property at a glance
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 #
21,385
Building sq ft
$124
Price / sq ft
6
Lot acres
1983
Year built
28
Units
5
Buildings
C3
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.06%
Cap rate
$190,000
Net operating income
$94,643
Price / unit
28
Units
Estimated payment (illustrative)
Estimated payment
$15,664/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 Rui 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
11,495
Population
$69,871
Median income
38.5
Median age
2.86
Avg household
$254,900
Median home value
$1,515/mo
Median rent
1,364
Households w/ kids
Recent sales
What actually sold near 20420 NW 243RD DRIVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$660,000
24042 & 24016 W US HIGHWAY 27
6,174 sqft · $107/sqft · Sold Sep 10, 2024
$10,200
18634 NW 231ST STREET
3,600 sqft · $3/sqft · Sold May 19, 2026
$10,200
18921 HIGH SPRINGS MAIN STREET
2,663 sqft · $4/sqft · Sold Sep 11, 2025
Your team
The pros in your corner
Your agent
Rui Ma
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 20420 NW 243RD DRIVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 20420 NW 243RD DRIVE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Rui's phone and CRM.
Listing courtesy of THE MULTIFAMILY ADVISORS · Beau Beery. MLS #GC541957.
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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