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Madison Multifamily Investment Opportunity
For Sale
$2,500,000

649 W Base Street, Madison, FL 32340

Three income-producing properties in Madison, Florida, with expansion potential.

Property Size17,168 SF
Lot Size1.00 Acre
Price / SF$145.62
Days on Market319

Property Features for 649 W Base Street

General Information

Standard status Active
Size 17,168 SF
Lot size 1.00 Acre
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $7,370

Amenities

Central Air
3

Building Details

Year Built 1969
Listing Agency: DELPHI INVESTMENT REALTY
Listed By: Annia Garcia · License #700597
Source: Xome
Added: Oct 10, 2025 Changed: Aug 23 Last Checked: Aug 24 at 3:19AM

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 DELPHI INVESTMENT REALTY

Investment Insights

Based on property information with market context.

This portfolio presents an opportunity to own three income-producing properties in Madison, Florida. The properties are located at 649 W Base St, 643 W Base St, and 912 SW Pinckney St. The properties are conveniently located within minutes of downtown Madison, schools, shops, and dining. The properties are set on spacious lots with mature landscaping. Together, the properties total over an acre of land. Each unit features independent entrances, separate utilities, and functional layouts. The properties can be rented for maximum cash flow or transformed into a short-term rental portfolio. The properties are located near major routes like Base Street (US-90) and a short drive from I-10. The properties offer solid structures and multiple income streams.

Key Highlights

  • Three income‑producing properties in one portfolio
  • Located in Madison, Florida, a peaceful town with steady rental demand
  • Properties total over an acre of land with room to expand

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service Dental Office

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

351
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three income-producing properties in Madison, Florida, with expansion potential.
Where is this multifamily property located?
The property is located at 649 W Base Street Madison, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three income‑producing properties in one portfolio; Located in Madison, Florida, a peaceful town with steady rental demand; Properties total over an acre of land with room to expand
More about this property
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