Duplex with Two Brand-New
For Sale
$399,900
Pending
607 SE 4TH DRIVE A & B, Williston, FL 32696
Side-by-side, concrete-block duplex offers two private 2-bedroom, 2-bath units with separate utilities and modern finishes.
Property Size1,850 SF
Days on Market54
Property Features for 607 SE 4TH DRIVE A & B
General Information
Standard status
Pending
Size
1,850 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Amenities
0.5 acres, Dimensions: 116.52 x 190
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 22270-003 & 004-00, Public Survey Range: 19, Public Survey Section: 06, Annual Amount: $291, Tax Book Number: 12-34, Legal Description: 06-13-19 DOAK STADIUM ACRES LOT 3 PB 12 PAGE 34 OR BOOK 1673 PAGE 505, Lot: 3, Year: 2025, Zoning: RES
Luxury Vinyl
Central Air
Central, Electric
Laundry Room
Listing ID: MFROM728316, Standard Status: Pending, MLS Status: Pending, Property Subtype: Half Duplex, On market as of 2026-07-11, Off market as of 2026-08-12, 32 days on market, Special Conditions: None
4 total bedrooms
Built in 2026, Living area: 1850, Living area units: Square Feet, Building faces West, Levels: One, Construction Materials: Block
Subdivision: DOAK STADIUM ACRES, MLS Area (Major): 32696 - Williston, County/Parish: Levy
Completed
4 total bathrooms, 4 full bathrooms
Electricity Connected, Water Source: Public
Slab
Road Surface: Paved
Sidewalk
Open Floorplan, Vaulted Ceiling(s)
Dishwasher, Microwave, Range, Refrigerator
Building Details
Year Built
2026
Listing Agency:
HARRIETT DOWNS REAL ESTATE LLC
(877) 600-0291
Listed By:
Linda Cramer · License #679073
(352) 528-4400
Source:
Miharaandassociates
Added: Jul 11
Changed: Aug 31
Last Checked: Sep 1 at 4:36PM
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 HARRIETT DOWNS REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This for-sale duplex features two brand-new, side-by-side homes with a total of four bedrooms and four bathrooms. Each private unit includes an open floor plan, vaulted ceilings, luxury vinyl plank flooring, custom wood cabinetry, granite countertops, and spacious walk-in closets. A generously sized laundry room in each unit adds practical in-home storage. The homes are built with concrete block construction and stucco exteriors, and each unit has separate utilities.
The property is privately situated on a quiet dead-end street. The seller notes there is no HOA and no deed restrictions, with everyday conveniences such as shopping, restaurants, schools, and local amenities located just minutes away.
Offered together, A & B can support multiple living arrangements while keeping each side independently served by its own utilities.
The property is privately situated on a quiet dead-end street. The seller notes there is no HOA and no deed restrictions, with everyday conveniences such as shopping, restaurants, schools, and local amenities located just minutes away.
Offered together, A & B can support multiple living arrangements while keeping each side independently served by its own utilities.
Key Highlights
- Brand‑new side‑by‑side duplex (Year Built 2026) with two private units
- Each unit features 2 bedrooms, 2 bathrooms, and an open floor plan
- Modern interior finishes in both units: vaulted ceilings, luxury vinyl plank flooring, custom wood cabinetry, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
$363.2K
Cap Rate 7%
$259,457
$259.5K
Cap Rate 9%
$201,800
$201.8K
Market Conditions
NOI Build-Up for 1,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.8K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.9K $14.03/SF
− OpEx
−$7.8K −$4.21/SF
NOI
$18.2K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
Cap Rate 7%
$259,457
Cap Rate 9%
$201,800
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.0K – $302.7K
NOI $18,162 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$458.2K
$400.9K – $534.6K
NOI $32,075 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side, concrete-block duplex offers two private 2-bedroom, 2-bath units with separate utilities and modern finishes.
Where is this duplex located?
The property is located at 607 SE 4TH DRIVE A & B Williston, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Brand‑new side‑by‑side duplex (Year Built 2026) with two private units; Each unit features 2 bedrooms, 2 bathrooms, and an open floor plan; Modern interior finishes in both units: vaulted ceilings, luxury vinyl plank flooring, custom wood cabinetry, and granite countertops
