Three-Bedroom Duplex
1636 Martin Luther King Blvd Quincy, FL 32351
1636 Martin Luther King Blvd, Quincy, FL, 32351
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For Sale
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Duplex with two 3-bedroom, 2-bath units, including French doors to a backyard in Unit B.
Property Size2,232 SF
Price / SF$142.92
Days on Market121
Property Features for 1636 Martin Luther King Blvd
General Information
- Standard status
- Active
- Size
- 2,232 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2008
Listing agency
Keller Williams Town & Country
(850) 201-4663
Listed by
Michelle Speisman · License #FL 3498096
Source
Crexi
Added: Mar 24 Updated: Jul 22 at 6:42AM Checked: Jul 22 at 6:42AM
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 Keller Williams Town & Country
Investment Insights
Based on property information with market context.
This duplex offers two separate 3-bedroom, 2-bath residences. Each unit features an open kitchen and living area with tile in the downstairs kitchen/living room and the downstairs bath. Unit B includes French doors from the living room/kitchen that open to a spacious backyard, along with LVP flooring in the bedrooms and on the stairs. Unit A has new carpet in the bedrooms and on the stairs.
The property is located in Quincy and is described as conveniently near shopping, the interstate, and the historic district.
Both sides are currently rented at $1,300 per month each, providing immediate cash flow.
The property is located in Quincy and is described as conveniently near shopping, the interstate, and the historic district.
Both sides are currently rented at $1,300 per month each, providing immediate cash flow.
Key Highlights
- Duplex built in 2008 with two 3‑bedroom, 2‑bath units
- Unit B features French doors from the open living room/kitchen to a spacious backyard
- Open kitchen/living rooms with tile and downstairs bath in both units
Local 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 | $36.2k | $16.20 |
| − Vacancy | −$2.7k | −$1.23 |
| EGI | $33.4k | $14.97 |
| − OpEx | −$10.0k | −$4.49 |
| NOI | $23.4k | $10.48 |
2,232 SF · lease $16.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.1K
$292.3K – $389.8K
NOI $23,387 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,329 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$547.2K
$478.8K – $638.4K
NOI $38,303 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom, 2-bath units, including French doors to a backyard in Unit B.
Where is this duplex located?
The property is located at 1636 Martin Luther King Blvd Quincy, FL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Duplex built in 2008 with two 3‑bedroom, 2‑bath units; Unit B features French doors from the open living room/kitchen to a spacious backyard; Open kitchen/living rooms with tile and downstairs bath in both units
