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St. Augustine Multifamily Investment Opportunity
For Sale
$845,000

41 1/2 Madeore Street, St Augustine, FL 32084

One-acre property with renovated duplex near downtown St. Augustine.

Property SizeContact for details
Lot Size1.00 Acre
Days on Market652

Property Features for 41 1/2 Madeore Street

General Information

Standard status Active
Lot size 1.00 Acre
Property subtype Residential / Single Family Residence
Zoning RG-1

Taxes and HOA fees

Annual Taxes $8,534

Amenities

1
No

Building Details

Year Built 1862
Stories 2
Listing Agency: Team 100 Realty
Listed By: Roberta Odom · License #3054020
Source: Compass
Added: Oct 27, 2024 Changed: Aug 8 Last Checked: Jul 16 at 6:56AM

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 Team 100 Realty

Investment Insights

Based on property information with market context.

Located within the city limits of St. Augustine, this one-acre property is situated approximately 3/4 mile from downtown. The property includes a main house, constructed in 1862, that requires significant renovations, along with a two-story duplex featuring a 1/1 unit downstairs and a 2/1 unit upstairs. The apartments in the duplex have been recently renovated. Zoned RG1, the property is suitable for multifamily development, offering potential for constructing new homes, duplexes, or apartments. The existing house can be restored, or the site can be redeveloped.

Key Highlights

  • Prime location: within St. Augustine city limits and only 3/4 mile from downtown.
  • Large 1‑acre property, high and dry.
  • Zoned RG1 (multi‑family), ideal for investors.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Daycare Center Barber Shop Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

720
Businesses Nearby

Demographics for 32084, FL

34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - One-acre property with renovated duplex near downtown St. Augustine.
Where is this duplex located?
The property is located at 41 1/2 Madeore Street St Augustine, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Prime location: within St. Augustine city limits and only 3/4 mile from downtown.; Large 1‑acre property, high and dry.; Zoned RG1 (multi‑family), ideal for investors.
More about this property
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