Duplex with Separate
For Sale
$399,900
Pending
607 SE 4TH Drive, Williston, FL 32696
Residential, WILLISTON, FL
Property Size1,850 SF
Lot Size0.50 Acres
Days on Market58
Property Features for 607 SE 4TH Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RES
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Dining Room, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Laundry Room, Bedroom 4, Bathroom 4
Interior features
Open Floorplan, Vaulted Ceiling(s)
Exterior features
Sidewalk
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
DOAK STADIUM ACRES
Directions
From Williston on E Noble Ave, head south on SE 4th Street, T/L on SE 6th Ave, T/R on SE 4th Drive to green signage on the left.
Standard status
Pending
APN
22270-003 & 004-00
Size
1,850 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
06-13-19 DOAK STADIUM ACRES LOT 3 PB 12 PAGE 34 OR BOOK 1673 PAGE 505
Tax Annual Amount
291
Legal Description
06-13-19 DOAK STADIUM ACRES LOT 3 PB 12 PAGE 34 OR BOOK 1673 PAGE 505
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
HARRIETT DOWNS REAL ESTATE LLC
(877) 600-0291
Listed By:
Linda Cramer · License #679073
(352) 843-1133
Added: Jul 10
Changed: Aug 27
Last Checked: Sep 5 at 2:06PM
MLS# OM728316
Copyright © 2026 Stellar MLS. 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 duplex consists of two side-by-side private homes totaling 1,850 square feet on 0.5 acres. Each residence includes two bedrooms, two bathrooms, an open floor plan, vaulted ceilings, vinyl flooring, custom wood cabinetry, granite countertops, walk-in closets, and a dedicated laundry room. Concrete block construction, stucco exteriors, shingle roofing, and separate utilities serve both units. Interior equipment includes a range, refrigerator, dishwasher, and microwave, with central heating and cooling.
The property is positioned on a quiet dead-end street in Williston and is zoned RES. There is no HOA or deed restriction. Public water and public sewer are available, and the site includes a sidewalk. The two-unit configuration supports separate household use while maintaining distinct utility service for each residence.
The property is positioned on a quiet dead-end street in Williston and is zoned RES. There is no HOA or deed restriction. Public water and public sewer are available, and the site includes a sidewalk. The two-unit configuration supports separate household use while maintaining distinct utility service for each residence.
Key Highlights
- Two side‑by‑side units totaling 1,850 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- 0.5‑acre property zoned RES
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
$363.2K
Cap Rate 7%
$259,457
$259.5K
Cap Rate 9%
$201,800
$201.8K
Market Conditions
NOI Build-Up for 1,850 SF
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.
Gross rent
$27.8K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.9K $14.03/SF
− OpEx
−$7.8K −$4.21/SF
NOI
$18.2K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
Cap Rate 7%
$259,457
Cap Rate 9%
$201,800
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.0K – $302.7K
NOI $18,162 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$458.2K
$400.9K – $534.6K
NOI $32,075 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two private residences offer open layouts, modern finishes, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 607 SE 4TH Drive Williston, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two side‑by‑side units totaling 1,850 square feet; Each unit includes 2 bedrooms and 2 bathrooms; 0.5‑acre property zoned RES
