Two-Unit Duplex Income
619 Mimosa Avenue Destin, FL 32541
For Sale
$609,000
MULTI_FAMILY - Other - Destin, FL
Property Size1,425 SF
Price / SF$427.37
Days on Market279
Property Features for 619 Mimosa Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Multi-Family
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Living Room, Bedroom 2, Bedroom 3, Bathroom 2
Window features
Window Treatments
Interior features
Washer/Dryer Hookup
Exterior features
Fenced Back Yard
Fencing
Back Yard
Appliances
Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Standard status
Active
APN
00-2S-22-1361-0011-0090
Size
1,425 SF
Taxes and HOA fees
Tax Description
KELLYS 3RD ADD LOT 9 BLK 11
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1973
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Brick
Architectural style
Other
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steve Koleno · License #BK3469487
(804) 656-5007
Added: Oct 23, 2025
Changed: Jul 27
Last Checked: Jul 28 at 1:06AM
MLS# 988151
Copyright © 2026 Emerald Coast Association 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 duplex includes two separate residential units, each with two bedrooms and one bathroom. The property sits on a large lot and is operated as a residential income asset.
The listing is located at 619 Mimosa Avenue in Destin, Florida, within Okaloosa County. The property is identified under residential multi-family zoning, and it is presented as a long-term rental with tenants already in place.
For buyers looking for an income-producing duplex, the current configuration provides two repeatable unit layouts that can appeal to tenants seeking multi-bedroom space. With long-term tenants in residence and stated monthly income of $3,275.00, the property is positioned as a hands-on rental opportunity for investors or owner-operators interested in maintaining an existing tenancy arrangement.
The listing is located at 619 Mimosa Avenue in Destin, Florida, within Okaloosa County. The property is identified under residential multi-family zoning, and it is presented as a long-term rental with tenants already in place.
For buyers looking for an income-producing duplex, the current configuration provides two repeatable unit layouts that can appeal to tenants seeking multi-bedroom space. With long-term tenants in residence and stated monthly income of $3,275.00, the property is positioned as a hands-on rental opportunity for investors or owner-operators interested in maintaining an existing tenancy arrangement.
Key Highlights
- Duplex with income of $3,275/month and long‑term tenants
- Built in 1973 with brick construction
- Central heating and central air conditioning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $20.40 |
| − Vacancy | −$4.4k | −$3.12 |
| EGI | $24.6k | $17.28 |
| − OpEx | −$7.4k | −$5.18 |
| NOI | $17.2k | $12.10 |
1,425 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.3K
NOI $17,238 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$225.5K
$197.3K – $263.0K
NOI $15,782 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units on a large lot, currently occupied by long-term tenants.
Where is this duplex located?
The property is located at 619 Mimosa Avenue Destin, FL.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Duplex with income of $3,275/month and long‑term tenants; Built in 1973 with brick construction; Central heating and central air conditioning
