Triplex with Wood-Burning
For Sale
$515,000
413 NE 7th St, Trenton, FL 32693
Residential Income, Trenton, FL
Property Size2,635 SF
Lot Size1.16 Acres
Price / SF$195.45
Days on Market1487
Property Features for 413 NE 7th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
6
Full bathrooms
2
Rooms
Family Room, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 2, Bedroom 1, Dining Room, Laundry Room, Bathroom 4, Bathroom 3, Bedroom 2
Parking features
Carport, Open
Window features
Single Pane Window(s)
Interior features
Blinds, W/D Hookups, Ceiling Fans, Family Room, Separate Dining Room, Walk-in Closet(s), Fireplace, Kitchen/Dining Combo, Laundry/Utility Room
Fireplace
1
Appliances
Range Hood, Range - Electric, Dishwasher, Refrigerator
Subdivision
Ayers Estates
Lot features
Multiple Lot(s)
Elementary school district
Gilchrist
Middle school district
Gilchrist
High school district
Gilchrist
Directions
FROM TRENTON - Take East Wade St to NE 7th st and turn left, Go through the stop sign, all three properties will be on the left. Look for the UNITED COUNTRY - SMITH & ASSOCIATES REALTY Signs!
Standard status
Active
APN
16-10-15-0044-0000-1050
Size
2,635 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
Listing consists of 3 Parcels: 16-10-15-0044-0000-1050, 16-10-15-0044-0000-1040 and 16-10-15-0044-0000-1270. Please refer to GCPA for legal descriptions.
Tax Annual Amount
3965
Legal Description
Listing consists of 3 Parcels: 16-10-15-0044-0000-1050, 16-10-15-0044-0000-1040 and 16-10-15-0044-0000-1270. Please refer to GCPA for legal descriptions.
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Building Details
Year built
1977
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Randy Wilkerson · License #SL3352261
(352) 317-6321
Added: Jul 28, 2022
Changed: Aug 19
Last Checked: Aug 22 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This triplex property includes three homes on a single lot: two 3-bedroom, 2-bath manufactured (mobile) homes and one 4-bedroom, 2-bath frame home. The two manufactured homes were built in 2003 and each features an open floor plan with 828 SF, along with a mix of interior conveniences such as ceiling fans and kitchen/dining combo space. The frame home is located toward the back of the property and offers 4 bedrooms plus a bonus room that could be used as an office or additional family room/den. Inside, the home includes a large living room with a wood-burning fireplace, a spacious kitchen, and a separate dining room.
The property totals 1.155 acres and 2,635 SF. It is connected to public water and public sewer, with central heating that includes electric heating. Year built is listed as 1977, and the roof is shingle. Parking includes carport and open parking.
All three homes are currently occupied, and there are long-term rental histories associated with each home.
The property totals 1.155 acres and 2,635 SF. It is connected to public water and public sewer, with central heating that includes electric heating. Year built is listed as 1977, and the roof is shingle. Parking includes carport and open parking.
All three homes are currently occupied, and there are long-term rental histories associated with each home.
Key Highlights
- Wood‑burning fireplace in the back frame home with large living room
- Three homes on one lot: two 3/2 manufactured homes plus one 4/2 frame home
- 1.155 acres total lot size and 2,635 SF overall property size
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
$25,869
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
5.02%
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%
$517,380
$517.4K
Cap Rate 7%
$369,557
$369.6K
Cap Rate 9%
$287,433
$287.4K
Market Conditions
NOI Build-Up for 2,635 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
$39.5K $15.00/SF
− Vacancy
−$2.6K −$0.98/SF
EGI
$37.0K $14.03/SF
− OpEx
−$11.1K −$4.21/SF
NOI
$25.9K $9.82/SF
Area
Gilchrist 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%
$517,380
Cap Rate 7%
$369,557
Cap Rate 9%
$287,433
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,869 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$652.6K
$571.1K – $761.4K
NOI $45,685 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on public water and sewer with central electric heating and a wood-burning fireplace in the back home.
Where is this triplex 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: Wood‑burning fireplace in the back frame home with large living room; Three homes on one lot: two 3/2 manufactured homes plus one 4/2 frame home; 1.155 acres total lot size and 2,635 SF overall property size
