Remodeled Duplex With Central
For Sale
$255,000
317 SW 7th St, Chiefland, FL 32625
MULTI_FAMILY - Other - Chiefland, FL
Property Size1,300 SF
Lot Size0.17 Acres
Price / SF$196.15
Days on Market47
Property Features for 317 SW 7th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Open
Interior features
Blinds, Ceiling Fans, W/D Hookups
Appliances
Range - Electric
Subdivision
Usher's Add
Lot features
Rectangular
Elementary school district
Levy
Middle school district
Levy
High school district
Levy
Directions
From HWY 19 south turn to right 345 drive about a mile take a right on 7th street
Standard status
Active
APN
0752200900
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 USHERS ADD BLK A LOT 9 OR BOOK 1683 PAGE 773 OR BOOK 1462 PAGE 419
Tax Annual Amount
2733
Legal Description
36-11-14 USHERS ADD BLK A LOT 9 OR BOOK 1683 PAGE 773 OR BOOK 1462 PAGE 419
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Amenities
central air conditioning
washer/dryer hookups
Building Details
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Metal
Architectural style
Other
Listing Agency:
Hatcher Realty Services, Inc. Trenton
(352) 463-0054
Listed By:
Krystal Wynans · License #SL3635957
(352) 949-7511
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 17 at 5:06PM
MLS# 799513
Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. 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 remodeled duplex features two tenant-occupied units, configured as two 2-bedroom, 1-bath apartments. The property provides 1,300 total square feet under roof, or approximately 650 square feet per unit. Both units include central air conditioning, with professional annual service, and each unit offers outdoor washer and dryer hookups.
The duplex is sited on a 0.17-acre lot and includes city water and a septic system. The building is constructed with block walls and features a metal roof. The property was remodeled in 2023 and includes new water heaters installed in 2023. Electric central heating and tile flooring are in place, and each unit has an electric range.
Current leases extend through February 2027 and March 2027, providing near-term occupancy while leaving room for future adjustments after lease expiration.
The duplex is sited on a 0.17-acre lot and includes city water and a septic system. The building is constructed with block walls and features a metal roof. The property was remodeled in 2023 and includes new water heaters installed in 2023. Electric central heating and tile flooring are in place, and each unit has an electric range.
Current leases extend through February 2027 and March 2027, providing near-term occupancy while leaving room for future adjustments after lease expiration.
Key Highlights
- Remodeled duplex with two 2‑bedroom, 1‑bath units
- 1,300 total square feet under roof (approximately 650 sq. ft. per unit)
- Leases in place through February 2027 and March 2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,260
$255.3K
Cap Rate 7%
$182,329
$182.3K
Cap Rate 9%
$141,811
$141.8K
Market Conditions
NOI Build-Up for 1,300 SF
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.
Gross rent
$19.5K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$18.2K $14.03/SF
− OpEx
−$5.5K −$4.21/SF
NOI
$12.8K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,260
Cap Rate 7%
$182,329
Cap Rate 9%
$141,811
Alternative Uses
Best Use
Multifamily LT 5
$182.3K
$159.5K – $212.7K
NOI $12,763 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$163.6K
$143.2K – $190.9K
NOI $11,453 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 32625, FL
1,620
Population
1,262
Households
1.3
Avg Household Size
59
Median Age
40%
College-Educated
92%
High-School Grad
94.0 sq mi
ZIP Area
17
Density / Sq Mi
$59,036
Median Household Income
$50,729
Median Earnings
$918
Median Rent
$267,200
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?
Duplex - Remodeled duplex featuring two tenant-occupied units, central A/C, outdoor washer/dryer hookups, and septic on a 0.17-acre lot.
Where is this duplex located?
The property is located at 317 SW 7th St Chiefland, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Remodeled duplex with two 2‑bedroom, 1‑bath units; 1,300 total square feet under roof (approximately 650 sq. ft. per unit); Leases in place through February 2027 and March 2027
