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Two-Unit Rental Duplex

589 S Duval Avenue #1, Madison, FL 32340

For Sale
$165,000

Each residence has two bedrooms, one bathroom, and an existing tenant.

Property Size2,302 SF
Price / SF$71.68
Days on Market162

Property Features for 589 S Duval Avenue #1

General Information

Standard status Active
Size 2,302 SF
Property subtype Multi Family Home
Zoning Multifamily (<10 Units)

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1,007

Amenities

Storage

Building Details

Building Size 2,302 SF
Stories 2
Units 1
Tenancy Multi
Listing Agency: Southern Land & Homes
Listed By: William Gamalero · License FL #3415552
Source: Bertpope
Added: Jun 2 Changed: Nov 4 Last Checked: Nov 9 at 5:45PM

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 Southern Land & Homes

Rey
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Investment Insights

Based on property information with market context.

This two-story duplex contains two separate rental residences. Each unit has two bedrooms and one bathroom, with approximately 1,150 square feet of living space. Both units are occupied, and the building totals approximately 2,302 square feet. The property is zoned Multifamily (<10 Units).

Located at 589 S Duval Avenue in Madison, the property is within the city limits and situated along Highway 53.

Key Highlights

  • Two occupied rental units
  • Approximately 2,302 square feet in the building
  • Each unit offers approximately 1,150 square feet, 2 bedrooms, and 1 bathroom

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 32340, FL

10,744
Population
4,567
Households
2.4
Avg Household Size
45
Median Age
13%
College-Educated
81%
High-School Grad
208.5 sq mi
ZIP Area
52
Density / Sq Mi
$43,393
Median Household Income
$32,937
Median Earnings
$814
Median Rent
$115,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and an existing tenant.
Where is this duplex located?
The property is located at 589 S Duval Avenue #1 Madison, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two occupied rental units; Approximately 2,302 square feet in the building; Each unit offers approximately 1,150 square feet, 2 bedrooms, and 1 bathroom
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