Two-Home Multifamily
44326 Woodland Circle, Callahan, FL 32011
For Sale
$340,000
Two manufactured residences offer separate living arrangements, shared well service, and independent electrical and septic systems.
Property Size2,526 SF
Lot Size2.71 Acres
Price / SF$134.60
Days on Market53
Property Features for 44326 Woodland Circle
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
carport
wood-burning fireplace
Building Details
Year Built
Buildings
Construction
Listed By:
Florida Coastal Team
(904) 664-9864
Source:
Floridacoastalteam
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 10 at 8:36AM
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 Florida Coastal Team
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Investment Insights
Based on property information with market context.
This multifamily property includes two manufactured homes on 2.71 acres, with a combined six bedrooms, four bathrooms, and 2,526 square feet of interior space. The front residence measures 1,296 square feet and was built in 1998, featuring an updated kitchen with eat-in area, split-bedroom plan, family room with wood-burning fireplace, and exterior carport. The rear home provides 1,230 square feet, was built in 2005, and includes an open layout with split-bedroom arrangement.
Separate electrical meter boxes and two septic systems support independent use of the residences, while both homes share a well. HVAC systems were installed on both units in 2024, and the metal roofs are estimated to be less than 10 years old. The property has no HOA and is located within an A-rated school district.
Separate electrical meter boxes and two septic systems support independent use of the residences, while both homes share a well. HVAC systems were installed on both units in 2024, and the metal roofs are estimated to be less than 10 years old. The property has no HOA and is located within an A-rated school district.
Key Highlights
- 2.71‑acre property with two manufactured homes
- Combined 2,526 square feet, six bedrooms, and four bathrooms
- Front home: 1,296 square feet, built in 1998, with updated kitchen and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,853
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,060
$437.1K
Cap Rate 7%
$312,186
$312.2K
Cap Rate 9%
$242,811
$242.8K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$44.0K $17.40/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$39.7K $15.73/SF
− OpEx
−$17.9K −$7.08/SF
NOI
$21.9K $8.65/SF
Area
Nassau County, FL
Vacancy
9.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,060
Cap Rate 7%
$312,186
Cap Rate 9%
$242,811
Alternative Uses
Best Use
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.8K
$589.6K – $786.1K
NOI $47,165 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32011, FL
15,678
Population
6,298
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
168.5 sq mi
ZIP Area
93
Density / Sq Mi
$77,121
Median Household Income
$45,345
Median Earnings
$1,000
Median Rent
$234,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two manufactured residences offer separate living arrangements, shared well service, and independent electrical and septic systems.
Where is this multifamily property located?
The property is located at 44326 Woodland Circle Callahan, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2.71‑acre property with two manufactured homes; Combined 2,526 square feet, six bedrooms, and four bathrooms; Front home: 1,296 square feet, built in 1998, with updated kitchen and wood‑burning fireplace
