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Four-Unit Apartment and Retail
For Sale
Contact for pricing
Pending

228 S Summit St, Crescent City, FL 32112

Investment property with four apartments, one retail space, and individually metered utilities for each unit.

Property SizeContact for details
Days on Market142

Property Features for 228 S Summit St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 4

Building Details

Construction cinder block
Listing Agency: CENTURY 21 Triton Realty
Listed By: Darlene Cleve · License #FL
Source: Crexi
Added: Apr 11 Changed: Aug 27 Last Checked: Aug 29 at 1:32PM

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 CENTURY 21 Triton Realty

Investment Insights

Based on property information with market context.

This income-producing property includes four apartments and one retail space. The apartment mix consists of two units with 2 bedrooms and 1.5 baths, one 2-bedroom unit with 2 baths, and one 1-bedroom unit with 1 bath. Each unit is individually metered for electric and city utilities and has its own hot water heater.

The buildings are constructed of cinder block with a metal roof that is approximately 8 years old. Central HVAC is provided.

The apartment units qualify for Section 8 Housing assistance, supporting consistent tenant demand. The property’s configuration combines residential income with retail space in a single asset.

Key Highlights

  • 5‑unit property with four apartments and one retail space
  • Unit mix: two 2BD/1.5BA, one 2BD/2BA, and one 1BD/1BA
  • Individually metered electric and city utilities for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Garden Center Law Firm (Bike/Boat/Book/etc) Store Building Supply HVAC 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.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

178
Businesses Nearby

Demographics for 32112, FL

7,460
Population
3,866
Households
1.9
Avg Household Size
45
Median Age
10%
College-Educated
69%
High-School Grad
51.5 sq mi
ZIP Area
145
Density / Sq Mi
$39,247
Median Household Income
$27,238
Median Earnings
$743
Median Rent
$150,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Quadplex - Investment property with four apartments, one retail space, and individually metered utilities for each unit.
Where is this quadplex located?
The property is located at 228 S Summit St Crescent City, FL.
What are key features of this property?
This property features: 5‑unit property with four apartments and one retail space; Unit mix: two 2BD/1.5BA, one 2BD/2BA, and one 1BD/1BA; Individually metered electric and city utilities for each unit
More about this property
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