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Property view

589 S Duval Avenue #1, 
Madison, FL 32340

$165,000


Bed


Bath


2,302

Sq Ft


Multi-Family

Active

Listed by

William Gamalero

Southern Land & Homes

850-973-2200

Last updated:

July 29, 2026, 04:23 PM

MLS#

401090

Source:

FL TBR

About This Home

589 S Duval Avenue #1

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!

Home Facts

Multi-Family

Subdivision & Development:

na

Price Summary

165,000

$71 per Sq. Ft.

MLS #:

401090

Last Updated:

July 29, 2026, 04:23 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

2,302 Sq. Ft.


Structure

Structure

Building Area:

2,302 Sq. Ft.


Finances & Disclosures

Finances

Price:

$165,000

Price per Sq. Ft:

$71 per Sq. Ft.

Source:FL TBR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.