Building Details

Year built 2006

Floors in Building 1

Number of units 2

Flooring type Vinyl, Carpet

Building materials Frame, VinylSiding

Architectural style Other

Listing Agency: The Naumann Group Real Estate j***@naumanngroup.com Show Phone

Listed By: Cole Davis · License #3357739 Show Phone

Added: Jun 8 Changed: Jul 30 Last Checked: Jul 31 at 1:06AM

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MLS# 400963

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.

Investment Insights

Based on property information with market context.

This single duplex includes two separate units, each configured with 3 bedrooms and 2 bathrooms. The property is presented as an investment opportunity, with a setup that can also support an owner-occupant approach by living in one side while renting the other.

The duplex is located at 274 S Forest Circle in Midway, Florida, within Gadsden County. According to the seller, the property is currently generating $1,770 per month in total rent, with one unit rented for $825 and the other for $945. The seller also notes that rents are scheduled to increase to $1,000 for each unit upon next renewal.

For buyers seeking a hands-on rental, this duplex provides two income-producing units within the same building. Its straightforward, matched layouts can simplify tenant management and leasing comparisons from one side to the other. The offering also includes the seller’s statement that similar rents in the direct vicinity may reach $1,200 to $1,300, based on reported comps.

Key Highlights

• Single duplex with 2 units; each unit has 3 bedrooms and 2 bathrooms
• Current rent is $1,770/month total; rents are $825 and $945
• Owner plans to raise rents to $1,000 per unit upon next renewal

Property Analytics

Property Profile

Current Use

Duplexes

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Explore this area Business Placement

Demographics for 32343, FL

3,621

Population

1,308

Households

2.8

Avg Household Size

36

Median Age

25%

College-Educated

91%

High-School Grad

26.8 sq mi

ZIP Area

135

Density / Sq Mi

$60,735

Median Household Income

$42,308

Median Earnings

$1,002

Median Rent

$207,500

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 - Two-unit duplex offering 3 bedroom, 2 bath layouts and current rental income from both sides.

Where is this duplex located?

The property is located at 274 S Forest Circle Midway, FL.

What is the asking price?

The asking price for this property is $185,000.

What are key features of this property?

This property features: Single duplex with 2 units; each unit has 3 bedrooms and 2 bathrooms; Current rent is $1,770/month total; rents are $825 and $945; Owner plans to raise rents to $1,000 per unit upon next renewal