Building Details

Year Built 1974

Listed By: Florida Coastal Team Show Phone

Source: Floridacoastalteam

Added: Aug 30 Changed: Oct 4 Last Checked: Oct 16 at 9:08AM

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Investment Insights

Based on property information with market context.

This side-by-side duplex contains 1,566 SF, with each residence offering 783 SF, two bedrooms, and one bathroom. Both units are fully occupied and feature granite countertops and tile flooring. Separate laundry rooms and covered back porches add practical functionality to each side.

The property sits on a corner lot at 2440 Husson Ave in Palatka, Florida. New AC units were installed in 2025/2026, while the water heaters date to 2021/2022. Vinyl window replacement is currently underway, providing an additional improvement to the existing 1974 construction.

Key Highlights

• Two side‑by‑side units, each with 783 SF, 2 bedrooms, and 1 bath
• 1,566 SF duplex on a corner lot
• Fully occupied at the time of listing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,914

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$258,280 $258.3K

Cap Rate 7%

$184,486 $184.5K

Cap Rate 9%

$143,489 $143.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,566 SF

Gross rent

$19.7K $12.60/SF

− Vacancy

−$1.3K −$0.82/SF

EGI

$18.4K $11.78/SF

− OpEx

−$5.5K −$3.53/SF

NOI

$12.9K $8.25/SF

Area

Putnam County, FL

Vacancy

6.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$258,280

Cap Rate 7%

$184,486

Cap Rate 9%

$143,489

Alternative Uses

Best Use

Multifamily LT 5

$184.5K

$161.4K – $215.2K (±1% cap)

NOI $12,914 @ 7.0% cap · market cap 4.87%

Second Best

Apartment 5plus

$168.5K

$147.5K – $196.6K (±1% cap)

NOI $11,797 @ 7.0% cap · market cap 4.45%

Theoretical Best

Office A

$407.8K

$356.9K – $475.8K (±1% cap)

NOI $28,548 @ 7.0% cap · market cap 10.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon Restaurant Building Supply Spa & Massage Center Nail Salon

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

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

34

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

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?

Duplex - Fully occupied income property with updated finishes, separate laundry space, and covered rear porches.

Where is this duplex located?

The property is located at 2440 Husson Ave Palatka, FL.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: Two side‑by‑side units, each with 783 SF, 2 bedrooms, and 1 bath; 1,566 SF duplex on a corner lot; Fully occupied at the time of listing