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Duplex Under Renovation
For Sale
$285,000

320 N Cherry Street, Monticello, FL 32344

SINGLE_FAMILY - Monticello, FL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market56

Property Features for 320 N Cherry Street

General Information

Property type Residential
Property subtype Retail
Lot features Level
Directions Courthouse N 2 blocks, R-Pearl St. Property on left
Subdivision Jefferson
Standard status Active
Lot size 0.05 Acres

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Building materials Block, Concrete
Listing Agency: Kelly & Kelly Properties, Inc
Listed By: Barry Kelly · License #308602
Added: Jun 23 Changed: Jun 29 Last Checked: Aug 17 at 4:06PM
MLS# 401828

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 duplex offers two residential units, identified as 310 and 320 N. Cherry St., with each unit including a bathroom. The property is currently under renovation, with improvements noted to include a new roof in 2025, new front windows, and new vinyl plank flooring throughout most of the building.

Located in Monticello, Florida in Jefferson County, the property’s address is 320 N. Cherry Street. The duplex configuration supports straightforward split-use, allowing separate living and rental arrangements within the same building.

For tenants, this layout can support an owner-occupant who wants rental income from the second side while maintaining control over one unit. For buyers, the asset’s renovation scope includes key exterior and interior updates currently in progress, including roofing and interior flooring, which may help streamline time and cost considerations versus a fully deferred renovation. The unit mix—with bathrooms in both units—also supports practical day-to-day livability for either side of the duplex.

Key Highlights

  • Duplex at 310 and 320 N. Cherry St., each unit includes a bathroom
  • Under renovation with new roof installed in 2025
  • Renovations include new front windows and new vinyl plank flooring throughout most of the building

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Electrical Service Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 32344, FL

12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
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 - Duplex designed for owner-occupancy and rental use, with a renovation underway including a 2025 roof and new flooring.
Where is this duplex located?
The property is located at 320 N Cherry Street Monticello, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex at 310 and 320 N. Cherry St., each unit includes a bathroom; Under renovation with new roof installed in 2025; Renovations include new front windows and new vinyl plank flooring throughout most of the building
More about this property
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