Two-Home Residential Income
For Sale
$499,900
3662 Mateo Pl, Orange Park, FL 32065
Two updated homes on one lot, each with 3 bedrooms and 2 bathrooms, plus laundry and a shared backyard pool.
Property Size2,675 SF
Lot Size0.46 Acres
Price / SF$186.88
Days on Market98
Property Features for 3662 Mateo Pl
General Information
Standard status
Active
Size
2,675 SF
Lot size
0.46 Acres
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
pool
fenced backyard
laundry in both units
Building Details
Year Built
1973
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Listed By:
ERIC DREIBELBIS · License #SL3242953
(904) 339-3084
Source:
Myfirstcoasthomesearch
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 26 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY ATLANTIC PARTNERS
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Investment Insights
Based on property information with market context.
This property features two separate homes on one site: a main house with 3 bedrooms and 2 bathrooms and a separate guest house with 3 bedrooms and 2 bathrooms. Combined, the residences offer 6 bedrooms and 4 bathrooms. Both homes have updated kitchens and bathrooms and include laundry within each unit, and they are described as move-in ready. The homes also include stainless appliances and LVP flooring. Updates noted include roof, AC, and water heater in 2024.
Outside, the property includes a pool located in the middle of the homes, along with a large fenced backyard designed for outdoor use. The site is described as having plenty of space for additional improvements such as a detached garage or RV/boat parking.
The public remarks also note proximity to Miniature Acres Park and Moody Ave Park, with the location described as close to schools and shopping. A gazebo is mentioned as selling “As-Is.”
Outside, the property includes a pool located in the middle of the homes, along with a large fenced backyard designed for outdoor use. The site is described as having plenty of space for additional improvements such as a detached garage or RV/boat parking.
The public remarks also note proximity to Miniature Acres Park and Moody Ave Park, with the location described as close to schools and shopping. A gazebo is mentioned as selling “As-Is.”
Key Highlights
- Two homes on one property: 3BR/2BA main house plus separate 3BR/2BA guest house for a total of 6 bedrooms and 4 baths
- Shared backyard pool in the middle of the homes on a large 87x230 lot (.46 acres) with a fenced yard
- Both homes have updated kitchens and bathrooms and include laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,704
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,080
$474.1K
Cap Rate 7%
$338,629
$338.6K
Cap Rate 9%
$263,378
$263.4K
Market Conditions
NOI Build-Up for 2,675 SF
Gross rent
$37.9K $14.16/SF
− Vacancy
−$4.0K −$1.50/SF
EGI
$33.9K $12.66/SF
− OpEx
−$10.2K −$3.80/SF
NOI
$23.7K $8.86/SF
Area
Clay County, FL
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,080
Cap Rate 7%
$338,629
Cap Rate 9%
$263,378
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$713.5K
$624.4K – $832.5K
NOI $49,948 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
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Business Placement
Demographics for 32065, FL
40,164
Population
14,756
Households
2.7
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
2,028
Density / Sq Mi
$92,842
Median Household Income
$44,508
Median Earnings
$1,675
Median Rent
$278,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated homes on one lot, each with 3 bedrooms and 2 bathrooms, plus laundry and a shared backyard pool.
Where is this duplex located?
The property is located at 3662 Mateo Pl Orange Park, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two homes on one property: 3BR/2BA main house plus separate 3BR/2BA guest house for a total of 6 bedrooms and 4 baths; Shared backyard pool in the middle of the homes on a large 87x230 lot (.46 acres) with a fenced yard; Both homes have updated kitchens and bathrooms and include laundry in each unit
