Two-Unit Duplex with Modern
For Sale
$379,000
105 & 107 Nw 8th St, Chiefland, FL 32626
Newly built duplex with open living areas, upgraded kitchens, private parking, and in-unit laundry.
Property Size2,108 SF
Price / SF$179.79
Days on Market10
Property Features for 105 & 107 Nw 8th St
General Information
Standard status
Active
Size
2,108 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
in-unit washer/dryer
granite countertops
stainless steel appliances
walk-in closets
tiled walk-in shower
luxury vinyl plank flooring
Building Details
Year Built
2026
Buildings
1
Listing Agency:
CMTG REAL ESTATE GROUP
Listed By:
Gena Bullard · License #3525285
(863) 450-7399
Source:
Flflourish
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 22 at 7:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CMTG REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This 2026-built duplex in Chiefland contains 2,108 square feet of living space, with two bedrooms and two bathrooms in each unit. The open layouts feature luxury vinyl plank flooring across the main living areas, white shaker cabinetry, granite countertops, and stainless steel appliances. Each residence also includes a primary suite with a tiled walk-in shower, a guest bath with a tiled tub and shower, walk-in closets, and an in-unit washer and dryer.
Outdoor features include a private concrete parking pad and a low-maintenance exterior. The property is positioned minutes from town, schools, shopping, and dining. An additional duplex is also offered on the lot to the south, providing a separately marketed nearby property option.
Outdoor features include a private concrete parking pad and a low-maintenance exterior. The property is positioned minutes from town, schools, shopping, and dining. An additional duplex is also offered on the lot to the south, providing a separately marketed nearby property option.
Key Highlights
- 2,108 SF duplex with 4 bedrooms and 4 bathrooms total
- Built in 2026
- Open‑concept units with LVP flooring in main living areas
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
$20,695
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
5.46%
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%
$413,900
$413.9K
Cap Rate 7%
$295,643
$295.6K
Cap Rate 9%
$229,944
$229.9K
Market Conditions
NOI Build-Up for 2,108 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
$31.6K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.6K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $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%
$413,900
Cap Rate 7%
$295,643
Cap Rate 9%
$229,944
Alternative Uses
Best Use
Multifamily LT 5
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,571 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$522.1K
$456.9K – $609.1K
NOI $36,548 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
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Business Placement
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with open living areas, upgraded kitchens, private parking, and in-unit laundry.
Where is this duplex located?
The property is located at 105 & 107 Nw 8th St Chiefland, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2,108 SF duplex with 4 bedrooms and 4 bathrooms total; Built in 2026; Open‑concept units with LVP flooring in main living areas
