Two-Home Residential Income
2664 W Washington Highway, Monticello, FL 32344
New
MULTI_FAMILY - Other - Monticello, FL
Property size:
2,659 SFLot size:
1.94 AcresPrice / SF:
$159/SF- Added:
- Jun 17, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 22 at 5:06 am
Property Features for 2664 W Washington Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Parking features
- Assigned
- Interior features
- PanelingWainscoting
- Exterior features
- Fence
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, Microwave, Range, Refrigerator, RefrigeratorWithIceMaker, Washer
- Standard status
- Active
- APN
- 12065-27-2N-4E-0110-0000-2070
- Lot size
- 1.94 Acres
Utilities
- Heating system
- Electric (Heating), Central, Wood
- Cooling system
- Central Air, Electric
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Wood
- Building materials
- Brick, WoodSiding
- Architectural style
- Other
Listing agent Heather Boyd License #3589322 (850) 443-4381
Listing office FL-GA Realty & Auction 380 S Jefferson St, Monticello, FL (850) 997-8900
Listing date Jun 17, 2026
MLS# 401409
Listing URL
Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two homes on 2 contiguous parcels offered together: 1.3 ac and 0.64 ac
- Larger brick ranch‑style home: 2,659 sf with 5 bedrooms and 2 full bathrooms
- Renovation updates on larger home include newer roof (2022), new electric (2025), new plumbing (2025), plus tankless water heater and whole‑house generator
- Attached 396 sf bonus room on the larger home, suitable for an office or workshop
- Guest house built in the 1950s: 3 bedrooms and 2 bathrooms with newer roof, plumbing (2025), and electric (2025)
- Both homes feature fresh paint and include appliances such as dishwasher, microwave, range, refrigerator (with ice maker), washer, and dryer
Overview
This offering includes two move-in-ready homes on contiguous parcels, designed to support either generational living or rental income. The larger home is a 1550's-era brick ranch-style residence that is well maintained and includes a newer roof (2022), new electric (2025), new plumbing (2025), a tankless water heater, and a whole-house generator. The main living area is 2,659 sf with five bedrooms and two full bathrooms, plus a sunroom and a 396 sf attached bonus room that can serve as an office or workshop. There are also three small outbuildings on the property, including one with working electric.
The second home is a guest house with three bedrooms and two bathrooms. Built in the 1950s, it is functional and in good condition with newer roof, plumbing (2025), and electric (2025), and both homes have a fresh coat of paint. The houses sit on two separate contiguous parcels totaling 1.3 ac and 0.64 ac, and they are being offered together.
For tenants, buyers, or operators looking for an on-site two-home configuration, this property provides two separate residences with updated mechanicals and additional usable space via the bonus room and outbuildings. The layout can accommodate households that want privacy while keeping both homes under one ownership arrangement.
The second home is a guest house with three bedrooms and two bathrooms. Built in the 1950s, it is functional and in good condition with newer roof, plumbing (2025), and electric (2025), and both homes have a fresh coat of paint. The houses sit on two separate contiguous parcels totaling 1.3 ac and 0.64 ac, and they are being offered together.
For tenants, buyers, or operators looking for an on-site two-home configuration, this property provides two separate residences with updated mechanicals and additional usable space via the bonus room and outbuildings. The layout can accommodate households that want privacy while keeping both homes under one ownership arrangement.
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 | $43.1k | $16.20 |
| − Vacancy | −$3.3k | −$1.23 |
| EGI | $39.8k | $14.97 |
| − OpEx | −$11.9k | −$4.49 |
| NOI | $27.9k | $10.48 |
2,659 SF · lease $16.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.3K – $464.4K
NOI $27,861 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,218 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$651.9K
$570.4K – $760.5K
NOI $45,631 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Jefferson
- State
- Florida
- Longitude
- -83.915557
- Latitude
- 30.541039
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in-ready two-house setup offers separate living options with modernized systems and multiple on-site outbuildings.
Where is this duplex located?
The property is located at 2664 W Washington Highway Monticello, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two homes on 2 contiguous parcels offered together: 1.3 ac and 0.64 ac; Larger brick ranch‑style home: 2,659 sf with 5 bedrooms and 2 full bathrooms; Renovation updates on larger home include newer roof (2022), new electric (2025), new plumbing (2025), plus tankless water heater and whole‑house generator
