Quadplex with Heated Saltwater
For Sale
$1,600,000
122 MACON Road, Palatka, FL 32177
COMMERCIAL - Cottage, Ranch - Palatka, FL
Property Size8,048 SF
Lot Size5.01 Acres
Price / SF$198.81
Days on Market36
Property Features for 122 MACON Road
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Zoning description
Agricultural
Bedrooms
8
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 3, Bedroom 5, Bedroom 6
Parking features
RV, Gated, Guest, Garage, Carport, Covered, Open, Off Street
Security features
Security System
Spa
1
Patio and Porch features
Deck, Patio, Porch
Pool private
1
Interior features
Breakfast Bar, Breakfast Nook, Butler Pantry, Eat-in Kitchen, Guest Suite, His and Hers Closets, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Smart Thermostat, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Gas Oven, Gas Water Heater, Ice Maker, Instant Hot Water, Microwave, Plumbed For Ice Maker, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer Stacked, Water Softener Owned, Wine Cooler
Subdivision
Metes & Bounds
Lot features
Agricultural, Cleared, Dead End Street, Farm, Few Trees, Sprinklers In Front, Sprinklers In Rear
Elementary school
Moseley
Middle school
Miller Intermediate
High school
Palatka
Directions
Head South on US 17 toward Palatka. In Palatka, turn right on Mosley Ave. Turn left on Edgemoor St. Slight right on Lundy Rd. Continue onto Browns Landing Rd. Turn left onto Macon Rd.
Standard status
Active
APN
301027000000250000
Size
8,048 SF
Lot size
5.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15849
Utilities
Utilities
Cable Available
Sewer type
Private Sewer, Septic Tank
Heating system
Electric (Heating), Central, Hot Water(Heating), Heat Pump (Heating)
Cooling system
Central Air, Multi Units
Water source
Private, Well
Amenities
heated salt swimming pool
spa
screened lanais
Building Details
Year built
2022
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Block, Concrete
Roof type
Shingle
Architectural style
Ranch, Cottage
Additional Structures
Gazebo
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
JOSEPH DENNY · License #3457656
(904) 994-2399
Added: Jun 29
Changed: Aug 1
Last Checked: Aug 3 at 2:06PM
MLS# 2153530
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 quadplex property includes four separate dwellings and extensive outdoor living features, including screened lanais, paver brick sidewalks, and a palm tree lined driveway. A private, heated salt swimming pool is complemented by a spa. The main house was built in 2022 and features an insulated cement block structure covered with full bricks, high ceilings, and an open layout with tile flooring, plantation shutters, quartz countertops, and stainless appliances. The property also includes a large, extra-large garage and additional covered and open parking options.
The grounds are supported by on-site water and wastewater systems, including two artesian wells with water treatment (water softeners) and three engineered septic systems. Backup and utility power is supported by three Generac 250-amp generators and propane storage on-site. RV accommodations include two large RV garage bays with hookups to septic, plus 50-amp power and water inside and outside the garages.
With multiple dwellings, screened outdoor areas, and built-in utilities and power features, the property is configured for multi-household living in a private setting.
The grounds are supported by on-site water and wastewater systems, including two artesian wells with water treatment (water softeners) and three engineered septic systems. Backup and utility power is supported by three Generac 250-amp generators and propane storage on-site. RV accommodations include two large RV garage bays with hookups to septic, plus 50-amp power and water inside and outside the garages.
With multiple dwellings, screened outdoor areas, and built-in utilities and power features, the property is configured for multi-household living in a private setting.
Key Highlights
- 4 separate dwellings in one quadplex property
- Heated salt swimming pool with spa and screened lanais
- 5.01 acres with paver brick sidewalks and palm tree lined driveway
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 | $101.4k | $12.60 |
| − Vacancy | −$6.6k | −$0.82 |
| EGI | $94.8k | $11.78 |
| − OpEx | −$28.4k | −$3.53 |
| NOI | $66.4k | $8.25 |
8,048 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$948.1K
$829.6K – $1.11M
NOI $66,369 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$866.1K
$757.9K – $1.01M
NOI $60,630 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,714 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 32177, FL
25,380
Population
11,549
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
86%
High-School Grad
226.8 sq mi
ZIP Area
112
Density / Sq Mi
$47,486
Median Household Income
$35,451
Median Earnings
$940
Median Rent
$158,800
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?
Quadplex - Quadplex offering four separate dwellings, a heated saltwater pool with spa, and multiple on-site utilities and power systems.
Where is this quadplex located?
The property is located at 122 MACON Road Palatka, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4 separate dwellings in one quadplex property; Heated salt swimming pool with spa and screened lanais; 5.01 acres with paver brick sidewalks and palm tree lined driveway
