Two-Home Residential Income
3662 MATEO Place Orange Park, FL 32065
For Sale
$569,000
MULTI_FAMILY - Orange Park, FL
Property Size2,675 SF
Lot Size0.46 Acres
Price / SF$212.71
Days on Market15
Property Features for 3662 MATEO Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1
Parking features
Guest, RV, Off Street
Pool private
1
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Standard status
Active
APN
40042502075701800
Size
2,675 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6604
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Roof type
Shingle
Additional Structures
Guest House
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 247-0059
Listed By:
ERIC DREIBELBIS · License #3242953
(904) 339-3084
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 27 at 4:06PM
MLS# 2156696
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income property features two homes on one parcel: a 3-bedroom, 2-bath main home and a separate 3-bedroom, 2-bath guest house. The layout provides a total of 6 bedrooms and 4 baths, with laundry available in both homes. Updates include updated kitchens and bathrooms, stainless appliances, and LVP flooring. The property also includes a pool positioned between the two homes and a large fenced backyard.
Additional improvements noted in the listing include a roof, AC, and water heater from 2024. The lot size is listed as 0.46 acres, offering outdoor space for a variety of uses. The listing also mentions proximity to Miniature Acres Park and Moody Ave Park. A gazebo on-site is included but is sold “As-Is.”
Additional improvements noted in the listing include a roof, AC, and water heater from 2024. The lot size is listed as 0.46 acres, offering outdoor space for a variety of uses. The listing also mentions proximity to Miniature Acres Park and Moody Ave Park. A gazebo on-site is included but is sold “As-Is.”
Key Highlights
- Two homes on one property: 3BR/2BA main house plus separate 3BR/2BA guest house, total 6 bedrooms and 4 bathrooms
- Private pool with fenced backyard on a large 0.46‑acre (87x230) lot
- Both homes have updated kitchens and bathrooms and include laundry in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $14.16 |
| − Vacancy | −$4.0k | −$1.50 |
| EGI | $33.9k | $12.66 |
| − OpEx | −$10.2k | −$3.80 |
| NOI | $23.7k | $8.86 |
2,675 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$713.5K
$624.4K – $832.5K
NOI $49,948 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two updated 3BR/2BA homes sit on one lot with a central pool and fenced backyard.
Where is this duplex located?
The property is located at 3662 MATEO Place Orange Park, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two homes on one property: 3BR/2BA main house plus separate 3BR/2BA guest house, total 6 bedrooms and 4 bathrooms; Private pool with fenced backyard on a large 0.46‑acre (87x230) lot; Both homes have updated kitchens and bathrooms and include laundry in each unit
