Renovated St. Augustine
For Sale
$689,000
120 ARREDONDO AVENUE, St Augustine, FL 32080
Completely renovated 4-bedroom duplex near downtown St. Augustine.
Property Size2,305 SF
Lot Size0.24 Acres
Price / SF$298.92
Days on Market574
Property Features for 120 ARREDONDO AVENUE
General Information
Standard status
Active
Size
2,305 SF
Lot size
0.24 Acres
Property subtype
Condo/Townhome
Building Details
Year Built
1954
Listing Agency:
FLAGLER REALTY PROFESSIONALS L
(386) 986-7426
Listed By:
DANIELLE COLVIN · License #3488684
(386) 986-7426
Source:
Exitrealty
Added: Jan 9, 2025
Changed: Jul 6
Last Checked: Aug 6 at 4:37AM
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 FLAGLER REALTY PROFESSIONALS L
Investment Insights
Based on property information with market context.
This completely renovated duplex features 4 bedrooms and 2.5 bathrooms, offering modern living in historic St. Augustine. The property is located minutes from downtown and a few blocks from the Conch House Marina Resort, adjacent to Oglethorpe Park. The interior features LVP flooring throughout, along with fully updated kitchens. The kitchens include solid surface countertops, a tile backsplash, and new appliances. With ample living space, this property is suitable as a short-term rental investment or a private family retreat. The property size is 2305 square feet.
Key Highlights
- Completely renovated 4‑bedroom, 2.5‑bath duplex.
- Prime location in historic St. Augustine, minutes from downtown.
- Close proximity to Conch House Marina Resort and adjacent to Oglethorpe Park.
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 | $32.6k | $14.16 |
| − Vacancy | −$3.5k | −$1.50 |
| EGI | $29.2k | $12.66 |
| − OpEx | −$8.8k | −$3.80 |
| NOI | $20.4k | $8.86 |
2,305 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,425 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$257.4K
$225.2K – $300.3K
NOI $18,016 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$614.8K
$538.0K – $717.3K
NOI $43,039 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 32080, FL
21,889
Population
16,658
Households
1.3
Avg Household Size
57
Median Age
50%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,394
Density / Sq Mi
$91,201
Median Household Income
$49,302
Median Earnings
$1,631
Median Rent
$497,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated 4-bedroom duplex near downtown St. Augustine.
Where is this duplex located?
The property is located at 120 ARREDONDO AVENUE St Augustine, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Completely renovated 4‑bedroom, 2.5‑bath duplex.; Prime location in historic St. Augustine, minutes from downtown.; Close proximity to Conch House Marina Resort and adjacent to Oglethorpe Park.
