Multifamily Property with Commercial
For Sale
$1,100,000
3833-3835 Reid Street, Palatka, FL 32177
Income-producing property with 11 occupied units, block construction, and access suited to future commercial planning.
Property SizeContact for details
Lot Size3.42 Acres
Days on Market1374
Property Features for 3833-3835 Reid Street
General Information
Standard status
Active
Lot size
3.42 Acres
Property subtype
Multifamily / Apartments (5+ Units)
Zoning
C-2 C
Occupancy
100%
Financials
Cap Rate
8.53%
Gross Income
$123,000
Additional Details
Road Access
Yes
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$11,826
Building Details
Year Built
1954
Buildings
7
Units
11
Construction
block
Listing Agency:
Berkshire Hathaway Homeservices Florida Network Realty
Listed By:
Lise Murphy
(904) 540-0868
Source:
Compass
Added: Nov 28, 2022
Changed: Sep 2
Last Checked: Sep 2 at 12:11AM
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 Berkshire Hathaway Homeservices Florida Network Realty
Investment Insights
Based on property information with market context.
This multifamily property comprises 3 single-family homes and 4 duplexes, creating an 11-unit residential configuration. The buildings date to 1954 and feature durable block construction. All units are occupied, providing an established rental operation alongside the property’s broader development profile.
The 3.42-acre site is positioned along a commercial corridor near State Road 100 and State Road 19, with direct left-hand turning access and reported traffic of 20,000 cars daily. Nearby commercial operators include Lowe’s, Home Depot, Holiday Inn Express, Zaxby’s, WAWA, and LongHorn Steakhouse. The sale includes parcels 02-10-26-0000-0430-0000 and 02-10-26-0000-0390-0000.
The 3.42-acre site is positioned along a commercial corridor near State Road 100 and State Road 19, with direct left-hand turning access and reported traffic of 20,000 cars daily. Nearby commercial operators include Lowe’s, Home Depot, Holiday Inn Express, Zaxby’s, WAWA, and LongHorn Steakhouse. The sale includes parcels 02-10-26-0000-0430-0000 and 02-10-26-0000-0390-0000.
Key Highlights
- 11 fully‑occupied residential units across 3 single‑family homes and 4 duplexes
- 3.42‑acre multifamily property near State Road 100 and State Road 19
- 8.53% Cap Rate
Property Analytics
Current Use
Lease Details
11
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
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?
Multifamily property - Income-producing property with 11 occupied units, block construction, and access suited to future commercial planning.
Where is this multifamily property located?
The property is located at 3833-3835 Reid Street Palatka, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 11 fully‑occupied residential units across 3 single‑family homes and 4 duplexes; 3.42‑acre multifamily property near State Road 100 and State Road 19; 8.53% Cap Rate
