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Duplex Income Property
For Sale
$299,000

628 E MAGNOLIA STREET, Arcadia, FL 34266

Two income-producing houses on one lot, offering a 3/1 main home and a 2/1 second home, each with detached carports.

Property Size1,140 SF
Price / SF$262.28
Days on Market51

Property Features for 628 E MAGNOLIA STREET

General Information

Standard status Active
Size 1,140 SF
Property subtype Duplex

Building Details

Year Built 1946
Listing Agency: RMZ REALTY INC.
Listed By: Oralia Ramirez · License #3174844
Source: Endlesssummerrealty
Added: Jul 24 Changed: Sep 12 Last Checked: Sep 12 at 7:11AM

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 RMZ REALTY INC.

Investment Insights

Based on property information with market context.

This duplex-style residential income property consists of two separate houses on a single lot. The main home features 3 bedrooms and 1 bathroom, along with a large front porch and a detached carport. A second, separate 2-bedroom, 1-bath home also includes its own detached carport. Both homes are currently being used as income property, giving an owner straightforward flexibility to rent both, or live in one while renting the other.

The property is located at 628 E Magnolia Street in Arcadia, within the historic district of DeSoto County. Public remarks also note road construction is occurring in front of the main house.

As configured, the site supports two independent residential units under one ownership, with detached carports serving each home.

Key Highlights

  • Two income‑producing houses on one lot in DeSoto County’s historic district (Year built: 1946).
  • Main home features 3 bedrooms and 1 bath with a detached carport.
  • Second home features 2 bedrooms and 1 bath with its own detached carport.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby

Demographics for 34266, FL

28,827
Population
12,302
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
70%
High-School Grad
578.1 sq mi
ZIP Area
50
Density / Sq Mi
$47,414
Median Household Income
$33,827
Median Earnings
$907
Median Rent
$144,600
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two income-producing houses on one lot, offering a 3/1 main home and a 2/1 second home, each with detached carports.
Where is this duplex located?
The property is located at 628 E MAGNOLIA STREET Arcadia, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two income‑producing houses on one lot in DeSoto County’s historic district (Year built: 1946).; Main home features 3 bedrooms and 1 bath with a detached carport.; Second home features 2 bedrooms and 1 bath with its own detached carport.
More about this property
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