For sale

$369,000

3481 NE MASTERS AVENUE, ARCADIA, FL 34266

--beds

0baths

2,416sqft

$2,529/mo

Get pre-qualified

Duplex, Multi Family

Built in 1986

-- sqft lot

$352,800 Zestimate^®

$153/sqft

$-- HOA

What's special

Flexible bonus roomDesirable front corner lot

Turnkey income opportunity in a quiet Arcadia neighborhood! This well-located duplex sits on a desirable front corner lot and offers two mirror-image units, each featuring 2 bedrooms, 1.5 baths, and a flexible bonus room easily used as a third bedroom, office, or den. Both sides are currently occupied by long-term tenants, delivering immediate, stable rental income from day one — ideal for an investor looking to add a low-maintenance asset to their portfolio, or an owner-occupant who wants to live in one unit while the other helps cover the mortgage. The corner lot placement adds extra curb appeal and privacy, while the peaceful, established neighborhood setting is a draw for tenants and buyers alike. With consistent occupancy history and strong income potential, this is a rare chance to acquire a proven cash-flowing property in Arcadia. Schedule your showing today!

47 days
99
2

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Central

Cooling

Central Air

Appliances

Laundry: Inside, Laundry Room

Features

Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
Windows: Hurricane Shutters
Has fireplace: No

Interior area

Total interior livable area: 2,416 sqft

Video & virtual tour

View virtual tour

Property

Features

Fencing: Fenced

Lot

Size: 0.29 Acres

Details

Additional structures: Outbuilding
Parcel number: 193725003600B00140
Zoning: RMF-6
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Block
Foundation: Block, Concrete Perimeter
Roof: Metal

Condition

New construction: No
Year built: 1986

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Cable Available, Electricity Connected, Private

Community & HOA

Community

Pet fee: $0 monthly
Senior community: Yes
Subdivision: ARCADIA HY-LANDS

HOA

Has HOA: No

Location

Region: Arcadia

Financial & listing details

Price per square foot: $153/sqft
Tax assessed value: $321,183
Annual tax amount: $5,964
Date on market: 7/24/2026
Cumulative days on market: 31 days
Listing terms: Cash,Conventional,FHA
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$352,800

$335,000 - $370,000

$1,201/mo

Price history

Date	Event	Price
7/24/2026	Listed for sale	$369,000+27.7%$153/sqft
Source: Stellar MLS #A4700297 Report a problem
7/2/2024	Sold	$289,000+15.6%$120/sqft
Source: Public Record Report a problem
9/28/2021	Listing removed	--
Source: Stellar MLS #C7438734 Report a problem
8/2/2021	Pending sale	$249,900+284.5%$103/sqft
Source: Stellar MLS #C7438734 Report a problem
5/4/2017	Listing removed	$850-5.6%
Source: RE/MAX EXCEL #C7238235 Report a problem
4/10/2017	Listed for rent	$900
Source: RE/MAX EXCEL #C7238235 Report a problem
2/9/2011	Sold	$65,000$27/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,956 +12.8%	$224,104 -9.1%
2023	$4,393 +5.8%	$246,514 +33.1%
2022	$4,154 +8.6%	$185,210 +10%
2021	$3,824 +4%	$168,373 -7%
2020	$3,676 +9.5%	$181,052 +19.3%
2019	$3,356 +4.1%	$151,721 -0.6%
2018	$3,223	$152,625 +32.7%
2017	$3,223	$115,001 +35.9%
2016	--	$84,652 -0.6%
2015	--	$85,152 +9.4%
2014	$1,881	$77,806 -1%
2013	--	$78,566 -26.4%
2012	--	$106,733 +6.3%
2011	--	$100,384 -4.1%
2010	--	$104,662 +2.7%
2009	--	$101,910 +0.1%
2008	--	$101,808 +3%
2007	--	$98,843 +2.5%
2006	--	$96,432 +3%
2005	--	$93,623 +3%
2004	--	$90,896 +1.9%
2003	--	$89,199 +1.1%
2002	--	$88,192
2001	--	$88,192 +11.2%
2000	--	$79,305