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5-Unit Apartment Building
For Sale
$364,900

480 S JEFFERSON Street, Monticello, FL 32344

Residential, Monticello, FL

Property SizeContact for details
Days on Market114

Property Features for 480 S JEFFERSON Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 4
Parking features Carport
Patio and Porch features Patio
Appliances Microwave, Range, Refrigerator, WasherDryer
Subdivision -
Elementary school Jefferson County K-12 Schools
Middle school Jefferson County K-12 School
High school Jefferson County K-12 School
Directions Across from Bob and Jeff's Grocery Store (formerly IGA). US 19 South of the courthouse 1/2 mile on L
Standard status Active

Taxes and HOA fees

Tax Annual Amount 4050

Utilities

Heating system Electric (Heating), Central
Cooling system Electric, Central Air, Ceiling Fan(s)

Building Details

Year built 1920
Floors in Building 1
Number of units 4
Flooring type Carpet
Building materials Frame, VinylSiding
Architectural style Other
Listing Agency: Keller Williams Town & Country
Listed By: Chip Williams · License #3144939
Added: May 21 Changed: Sep 8 Last Checked: Sep 11 at 5:06PM
MLS# 400229

Copyright © 2026 Tallahassee Board of Realtors. 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 5-unit apartment property at 480 S Jefferson Street includes 6 bedrooms and 5 bathrooms. Three units are occupied, while two vacant units each contain 1 bedroom and 1 bathroom and require updating and repairs before they are rent-ready. The building dates to 1920 and features frame construction with vinyl siding, carpet flooring, central electric heating and cooling, ceiling fans, carport parking, and a patio. Appliances include microwaves, ranges, refrigerators, and washer-dryer units.

The property is located in Monticello near local businesses, shopping, dining, and interstate access. Its in-town setting places residential units within convenient reach of these services and transportation connections.

Key Highlights

  • 5‑unit apartment property with 6 bedrooms and 5 bathrooms
  • 3 units occupied; 2 units vacant
  • Two vacant units are each 1‑bedroom, 1‑bath units requiring updating and repairs

Property Analytics

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Current Use

Keystone County Apartments Apartment Building

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

424
Businesses Nearby

Demographics for 32344, FL

12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Central HVAC, carport parking, patio space, and household appliances support the property’s residential configuration.
Where is this apartment building located?
The property is located at 480 S JEFFERSON Street Monticello, FL.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: 5‑unit apartment property with 6 bedrooms and 5 bathrooms; 3 units occupied; 2 units vacant; Two vacant units are each 1‑bedroom, 1‑bath units requiring updating and repairs
More about this property
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