Restored Multifamily with Office
55 S DIXIE Highway St Augustine, FL 32084
For Sale
$649,000
MULTI_FAMILY - St. Augustine, FL
Property Size1,920 SF
Lot Size0.13 Acres
Price / SF$338.02
Days on Market148
Property Features for 55 S DIXIE Highway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Off Street
Appliances
Dishwasher, Electric Range, Refrigerator, Washer/Dryer Stacked
Standard status
Active
APN
1272800000
Size
1,920 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4248
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Fiber Cement
Roof type
Membrane
Listing Agency:
ENDLESS SUMMER REALTY
(904) 461-8878
Listed By:
GREGORY MCCARTHY · License #3302799
(904) 860-9827
Added: Mar 1
Changed: Jul 17
Last Checked: Jul 27 at 11:06AM
MLS# 2132516
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 fully restored property reflects extensive upgrades, including a new roof, windows, electrical, plumbing, siding, and more, bringing the building to modern performance standards. The first floor is leased as office space through October 2026. Upstairs, there is a furnished two-bedroom apartment currently operating as a vacation rental with nearly 250 booked nights each year, according to the listing remarks.
Located at 55 S Dixie Highway in St. Augustine, the property is described as within easy reach of St. Augustine’s historic district, dining, and area attractions. Showings are by appointment only, and financial details are available to qualified buyers.
Located at 55 S Dixie Highway in St. Augustine, the property is described as within easy reach of St. Augustine’s historic district, dining, and area attractions. Showings are by appointment only, and financial details are available to qualified buyers.
Key Highlights
- 1925 property with historic charm and fully restored upgrades including new roof, windows, electrical, plumbing, and siding
- Roof replaced with membrane roofing; construction includes fiber cement siding
- First floor is leased as office space through October 2026
Financial Insights For Office B
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 | $46.1k | $24.00 |
| − Vacancy | −$10.2k | −$5.33 |
| EGI | $35.9k | $18.67 |
| − OpEx | −$9.0k | −$4.67 |
| NOI | $26.9k | $14.00 |
1,920 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$384.1K
$336.1K – $448.1K
NOI $26,888 @ 7.0% cap · market cap 4.14%
Second Best
Multifamily LT 5
$243.1K
$212.7K – $283.6K
NOI $17,014 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$512.1K
$448.1K – $597.5K
NOI $35,850 @ 7.0% cap · market cap 5.52%
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 - Fully restored property features a leased first-floor office through October 2026 and an upstairs furnished vacation rental.
Where is this duplex located?
The property is located at 55 S DIXIE Highway St Augustine, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1925 property with historic charm and fully restored upgrades including new roof, windows, electrical, plumbing, and siding; Roof replaced with membrane roofing; construction includes fiber cement siding; First floor is leased as office space through October 2026
