Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Trenton Multifamily Investment Opportunity Title is generated by Realmo AI

    413 NE 7th St, Trenton, FL 32693

    View on Map
    Claim this Listing
    For Sale
    $515,000

    MULTI_FAMILY - Other - Trenton, FL

    Property size:
    2,635 SF
    Lot size:
    1.16 Acres
    Price / SF:
    $195/SF
    Added:
    Jul 28, 2022
    Days on Market:
    1395
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 413 NE 7th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    6
    Rooms
    Laundry Room, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 2, Dining Room, Bathroom 4, Bathroom 5, Family Room
    Parking features
    Open, Carport
    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
    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

    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

    We can help!

    Listing Contact
    Randy Wilkerson

    Listing agent Randy Wilkerson License #SL3352261

    Listing office United Country Smith & Associates Trenton 934 E. Wade St., Chiefland, FL

    Listing date Jul 28, 2022

    MLS# 784979 Listing URL

    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.

    HighLights

    • Turnkey investment opportunity with 3 homes (two 3/2 mobile homes and one 4/2 CB home) all currently occupied with long‑term rental histories.
    • Prime location in the heart of Trenton, Florida, in a beautiful neighborhood, situated on just over an acre.
    • The CB home features 4 large bedrooms, a bonus room, a huge living room with a wood‑burning fireplace, a spacious kitchen, and a separate dining room.
    • The mobile homes (built in 2003) each offer 3 large bedrooms, 2 bathrooms, and an open floor plan within 828 sq ft.
    • Each home includes essential appliances such as a refrigerator, dishwasher, and electric range.
    • The property offers various amenities including W/D hookups, ceiling fans, and a fireplace in the CB home.

    Overview

    Located in Trenton, Florida, this property presents an investment opportunity with three homes situated on over an acre. The property includes two double-wide mobile homes, each manufactured in 2003 and featuring 828 square feet of living space with an open floor plan and three bedrooms. Additionally, there is a concrete block home at the rear of the property, offering four bedrooms and a bonus room suitable for an office or den. The concrete block home also includes a living room with a wood-burning fireplace, a spacious kitchen, and a separate dining room. The property is located in a neighborhood in the heart of town. The property totals 2,635 square feet. All homes are currently occupied with long-term rental histories, making this a turnkey investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.811279
    Latitude
    29.616179

    Nearby Similar for Sale

    • $1,100,000
      4,000 SF

      Trenton, FL Commercial Investment Opportunity

      High-visibility commercial property with income potential in Trenton, Florida.
      535 SE State Rd 26, Trenton, FL 32693
      View Details
    • $849,000
      2,470 SF

      Equestrian Estate with Resort-Style Luxury

      Equestrian property with resort-style amenities, ideal for entertaining.
      6739 SE 67TH COURT, TRENTON, FL 32693
      View Details
    • $699,900
      3,672 SF

      Restaurant Building on State Road

      3,672 SF restaurant in Trenton, Florida, for sale.
      115 NW 1ST St, Trenton, FL 32693
      View Details
    • $248,800

      20 Acres Farm Land For Sale

      20 acres of farm land, high and dry.
      0 SW 42ND PLACE, TRENTON, FL 32693
      View Details
    • $677,000
      4,842 SF

      Restaurant Building in Trenton, Florida

      4,842 SF restaurant building in the heart of Trenton.
      115 Northwest 1st Street, Trenton, FL 32693
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three homes on over an acre, prime investment opportunity.
    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: Turnkey investment opportunity with 3 homes (two 3/2 mobile homes and one 4/2 CB home) all currently occupied with long‑term rental histories.; Prime location in the heart of Trenton, Florida, in a beautiful neighborhood, situated on just over an acre.; The CB home features **4 large bedrooms**, a bonus room, a **huge living room with a wood‑burning fireplace**, a spacious kitchen, and a separate dining room.
    (352) 317-6321
    We can help!
    Listing Contact
    Randy Wilkerson
    Real Estate License ID: SL3352261
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    413 NE 7th St, Trenton, FL 32693
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!