3-Home Multifamily
413 NE 7th St, Trenton, FL 32693
For Sale
$515,000
Residential Income, Trenton, FL
Property Size1,946 SF
Lot Size1.16 Acres
Price / SF$264.65
Days on Market1569
Property Features for 413 NE 7th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Interior features
Fireplace
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
wood burning fireplace
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Randy Wilkerson · License FL SL3352261
(352) 317-6321
Added: Jul 28, 2022
Changed: Oct 27
Last Checked: Nov 12 at 2:06PM
MLS# 784979
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.
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Investment Insights
Based on property information with market context.
The property includes three residences: two manufactured homes, each with three bedrooms and two bathrooms, plus a frame home with four bedrooms and two bathrooms. Each manufactured home measures 828 square feet and was built in 2003. The frame residence has a bonus room, wood-burning fireplace, separate dining room, and spacious kitchen. New roofs serve all three homes, and the two manufactured homes have been updated.
Set on 1.155 acres in Trenton, the property has public water and public sewer. All three residences are occupied, and each has a history of long-term rentals.
Set on 1.155 acres in Trenton, the property has public water and public sewer. All three residences are occupied, and each has a history of long-term rentals.
Key Highlights
- Three residences: two 3‑bedroom, 2‑bath manufactured homes and one 4‑bedroom, 2‑bath frame home
- Each manufactured home is 828 square feet and was built in 2003
- All three homes have new roofs; both manufactured homes have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,144
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,880
$342.9K
Cap Rate 7%
$244,914
$244.9K
Cap Rate 9%
$190,489
$190.5K
Market Conditions
NOI Build-Up for 1,946 SF
Gross rent
$33.2K $17.04/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$31.2K $16.02/SF
− OpEx
−$14.0K −$7.21/SF
NOI
$17.1K $8.81/SF
Area
Gilchrist County, FL
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,880
Cap Rate 7%
$244,914
Cap Rate 9%
$190,489
Alternative Uses
Best Use
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,144 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.7K – $562.3K
NOI $33,739 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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Business Placement
Demographics for 32693, FL
12,815
Population
4,908
Households
2.6
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
200.7 sq mi
ZIP Area
64
Density / Sq Mi
$64,128
Median Household Income
$36,361
Median Earnings
$919
Median Rent
$182,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two updated manufactured homes accompany a separate frame residence, with all three homes currently occupied.
Where is this multifamily property located?
The property is located at 413 NE 7th St Trenton, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Three residences: two 3‑bedroom, 2‑bath manufactured homes and one 4‑bedroom, 2‑bath frame home; Each manufactured home is 828 square feet and was built in 2003; All three homes have new roofs; both manufactured homes have been updated
