Duplex With Private
For Sale
$525,000
3662 MATEO Place, Orange Park, FL 32065
Residential Income, Orange Park, FL
Property Size2,675 SF
Lot Size0.46 Acres
Price / SF$196.26
Days on Market57
Property Features for 3662 MATEO Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3
Parking features
RV, Guest, Off Street
Pool private
1
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Subdivision
Miniature Acres
Lot features
Cleared
Directions
From Blanding Blvd take College Dr S...Turn Left on Peoria Rd...Left on Loango Rd...Right on Fortuna...Left on Mateo Pl...Home is on the Left
Standard status
Active
APN
40042502075701800
Size
2,675 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6604
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Amenities
pool
in-unit laundry
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Roof type
Shingle
Additional Structures
Guest House
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 247-0059
Listed By:
ERIC DREIBELBIS · License #3242953
(904) 339-3084
Added: Jul 13
Changed: Sep 1
Last Checked: Sep 7 at 1:06AM
MLS# 2156696
Copyright © 2026 realMLS. 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 property includes a 3-bedroom, 2-bathroom main residence and a separate 3-bedroom, 2-bathroom guest residence. Combined, the two homes offer 2,675 square feet, six bedrooms, and four bathrooms. Each unit has its own laundry area, updated kitchen and bathrooms, stainless appliances, and laminate or tile flooring. A private pool sits between the residences, with a fenced backyard, gazebo sold as-is, and a fireplace. Roof, air-conditioning systems, and water heaters were updated in 2024.
The property occupies a 0.46-acre lot measuring 87 by 230 feet at 3662 MATEO Place in Orange Park. Public water and sewer serve the site, and available parking includes guest, off-street, and RV spaces. Miniature Acres Park and Moody Ave Park are a couple of blocks away, with schools and shopping also nearby.
The property occupies a 0.46-acre lot measuring 87 by 230 feet at 3662 MATEO Place in Orange Park. Public water and sewer serve the site, and available parking includes guest, off-street, and RV spaces. Miniature Acres Park and Moody Ave Park are a couple of blocks away, with schools and shopping also nearby.
Key Highlights
- Two residences totaling 2,675 square feet with six bedrooms and four bathrooms
- Main home and separate guest house each offer 3 bedrooms and 2 bathrooms
- Private pool, fenced backyard, and gazebo sold as‑is
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
$23,704
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
4.52%
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%
$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
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
$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 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%
$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 4.52%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$713.5K
$624.4K – $832.5K
NOI $49,948 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
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
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 - Two refreshed residences provide flexible living arrangements, separate laundry, fenced outdoor space, and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 3662 MATEO Place Orange Park, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences totaling 2,675 square feet with six bedrooms and four bathrooms; Main home and separate guest house each offer 3 bedrooms and 2 bathrooms; Private pool, fenced backyard, and gazebo sold as‑is
