About This Home

This 2-bedroom, 1-bathroom residential multi family at 589 S Duval Avenue #1 in Madison, FL is listed for $165,000. on a N/A lot.

Key Features

  • 2 stories

Property Details

2 stories
1 full
#1

Amenities

A/C
Listing Description

Excellent investment opportunity in the heart of Madison, Florida! This well-maintained two-story multifamily property offers approximately 2,302 square feet and features two separate rental units, each containing approximately 1,150 square feet of living space.

Both units include 2 bedrooms and 1 bathroom and are currently occupied by tenants, providing immediate rental income for the new owner. Situated along Highway 53 within the city limits of Madison, the property offers excellent accessibility and convenience to local shopping, dining, schools, and everyday amenities.

Zoned Multifamily (<10 Units), this income-producing property presents a great opportunity for investors looking to expand their portfolio or acquire a turnkey rental property with established tenants already in place. Whether you're a seasoned investor or looking to purchase your first rental property, this duplex offers steady income potential and long-term value in a desirable North Florida location. Don't miss your opportunity to own a piece of Madison's rental market!

Monthly Cost Estimate

$882/mo

20% down · 6.5% · 30 years

Principal$119
Interest$715
Insurance$48

Estimates only. Actual payments may vary.

Location

589 S Duval Avenue #1

Madison, FL 32340

Features & Amenities

Exterior Features

Storage

Property Details

Flooring

Vinyl

Parking

Assigned

Heating

Space Heater

Cooling

Window Unit(s)

Questions & Answers

This 2-bedroom, 1-bathroom residential multi family at 589 S Duval Avenue is listed at $165,000. The estimated monthly payment is $882 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2 stories. Exterior Features: Storage.

This property is listed by William Gamalero and can be reached at 8505090283.

WG

William Gamalero

License 3415552

Agent at Mossy Oak Properties Southern Land & Homes

(850) 509-0283

Listed by Mossy Oak Properties Southern Land & Homes · Broker phone: (850) 973-2200 · View on Broker Site

MLS# 401090· Source: Tallahassee Board of Realtors· 101 days on PropertySimple

Copyright © 2026 Tallahassee Board 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.

589 S Duval Avenue #1, Madison, FL 32340

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