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Two-Unit Multifamily Property
For Sale
$165,000

589 S Duval Avenue, Madison, FL 32340

Residential, Madison, FL

Property Size2,302 SF
Price / SF$71.68
Days on Market102

Property Features for 589 S Duval Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1, Bedroom 2
Parking features Assigned
Exterior features Storage
Middle school Madison County
High school Madison County High School
Directions GPS 589 S Duval Avenue
Subdivision Madison
Standard status Active
APN 12079-00-00-00-4509-000-000

Taxes and HOA fees

Tax Annual Amount 1007

Utilities

Heating system Space Heater
Cooling system Window Unit(s)

Building Details

Floors in Building 2
Number of units 1
Flooring type Vinyl
Architectural style Other
Additional Structures Shed(s), Storage
Listing Agency: Southern Land & Homes
Listed By: William Gamalero · License #3415552
Added: Jun 2 Changed: Sep 4 Last Checked: Sep 11 at 6:06PM
MLS# 401090

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 two-story duplex contains approximately 2,302 square feet arranged as two separate rental units of approximately 1,150 square feet each. Both residences offer 2 bedrooms and 1 bathroom, with vinyl flooring, window unit cooling, and space-heater equipment. Storage is included, and parking is assigned.

The property is located at 589 S Duval Avenue in Madison, Florida, within the city limits. Both units are currently occupied by tenants, providing an established rental setup. The property carries Multifamily (<10 Units) zoning and is positioned near local shopping, dining, schools, and everyday amenities.

Key Highlights

  • Approximately 2,302 square feet in a two‑story duplex
  • Two separate units, each approximately 1,150 square feet
  • Each unit includes 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Catering Service Pet Grooming Service

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

2
Residential units
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
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?
Duplex - Two-story duplex with occupied rental units, assigned parking, storage, and multifamily zoning within Madison city limits.
Where is this duplex located?
The property is located at 589 S Duval Avenue 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: Approximately 2,302 square feet in a two‑story duplex; Two separate units, each approximately 1,150 square feet; Each unit includes 2 bedrooms and 1 bathroom
More about this property
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