New Side-by-Side
For Sale
$399,900
607 SE 4TH DRIVE #A & B, Williston, FL 32696
Two newly built residences offer separate utilities, private layouts, and flexible owner-occupant or rental use.
Property Size1,850 SF
Days on Market52
Property Features for 607 SE 4TH DRIVE #A & B
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Duplex
Zoning
RES
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$399,900
Taxes and HOA fees
Annual Taxes
$291
Building Details
Building Size
1,850 SF
Year Built
2026
Stories
1
Construction
concrete block
Listing Agency:
HARRIETT DOWNS REAL ESTATE LLC
(352) 843-1133
Listed By:
Linda Cramer · License #679073
(352) 843-1133
Source:
Bonjorn
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 5:05AM
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 side-by-side duplex consists of two newly built private residences, each arranged with two bedrooms, two bathrooms, an open living plan, vaulted ceilings, and spacious walk-in closets. Interior finishes include luxury vinyl plank flooring, custom wood cabinetry, granite countertops, and generously sized laundry rooms with additional storage. Concrete block construction and stucco exteriors are complemented by separate utilities for each unit.
Together, the property provides four bedrooms and four bathrooms at a single address. The duplex sits on a quiet dead-end street and has no HOA or deed restrictions. Shopping, restaurants, schools, and local amenities are minutes away, while the surrounding neighborhood allows golf cart travel.
Together, the property provides four bedrooms and four bathrooms at a single address. The duplex sits on a quiet dead-end street and has no HOA or deed restrictions. Shopping, restaurants, schools, and local amenities are minutes away, while the surrounding neighborhood allows golf cart travel.
Key Highlights
- Two side‑by‑side units built in 2026
- Combined layout includes 4 bedrooms and 4 bathrooms
- Each unit offers 2 bedrooms and 2 bathrooms
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
364
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 - Two newly built residences offer separate utilities, private layouts, and flexible owner-occupant or rental use.
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: Two side‑by‑side units built in 2026; Combined layout includes 4 bedrooms and 4 bathrooms; Each unit offers 2 bedrooms and 2 bathrooms
