Located in the heart of Monticello, this 5-unit investment property offers a prime opportunity for investors looking to add value and generate income. Positioned just minutes from local businesses, shopping, dining, and convenient interstate access, the location provides strong appeal for tenants seeking both convenience and accessibility. Currently, 3 of the units are occupied, providing immediate rental income, while the remaining 2 units are vacant and present an excellent value-add opportunity. Both vacant units are 1-bedroom, 1-bath units that need updating and repairs to become rent-ready, allowing the next owner to renovate and increase overall cash flow potential. Total Bedroom Count is 6 bedrooms and 5 bathrooms. Whether you are looking to expand your investment portfolio, renovate for increased returns, or capitalize on the growing demand for rental housing in Monticello, this property offers strong upside potential in a desirable in-town location.
For sale
$390,000
480 S Jefferson St, Monticello, FL 32344
4beds
4baths
2,750sqft
Multi Family
Built in 1920
-- sqft lot
$368,000 Zestimate®
$142/sqft
$-- HOA
What's special
- 52 days |
- 168 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Chip L Williams 850-800-9108,
Keller Williams Town & Country
Source: TBR,MLS#: 400229
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Microwave, Range, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Other
- Has fireplace: No
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 10,000 Square Feet
- Dimensions: 100 x 100 x 100 x 100
Details
- Parcel number: 12065302N5E000009800000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Frame, Other, Vinyl Siding
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: -
Location
- Region: Monticello
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $117,302
- Annual tax amount: $4,050
- Date on market: 5/21/2026
- Cumulative days on market: 53 days
- Listing terms: Cash,Conventional
Estimated market value
$368,000
$350,000 - $386,000
$1,237/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Listed for sale | $390,000+225%$142/sqft |
Source:  TBR #400229 Report a problem | ||
| 9/21/2018 | Sold | $120,000+242.9%$44/sqft |
Source: Public Record Report a problem | ||
| 3/30/2006 | Sold | $35,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,129 +2.3% | $109,638 +1% |
| 2023 | $3,060 +4.7% | $108,568 -1.3% |
| 2022 | $2,922 -2.3% | $110,000 -0.4% |
| 2021 | $2,991 +0.3% | $110,486 +0.5% |
| 2020 | $2,982 | $109,924 +0.7% |
| 2019 | $2,982 +6.7% | $109,164 +3% |
| 2018 | $2,794 | $105,974 +13.7% |
| 2017 | $2,794 | $93,197 +9.2% |
| 2016 | -- | $85,375 -1.3% |
| 2015 | -- | $86,513 -10.1% |
| 2014 | -- | $96,231 -1.2% |
| 2013 | -- | $97,369 -5.3% |
| 2012 | -- | $102,797 -2.7% |
| 2011 | -- | $105,608 -1.1% |
| 2010 | -- | $106,774 -1.1% |
| 2009 | -- | $107,934 -1.4% |
| 2008 | -- | $109,479 -1% |
| 2007 | -- | $110,639 +121.5% |
| 2006 | -- | $49,951 +8.1% |
| 2005 | -- | $46,205 +12.6% |
| 2004 | -- | $41,043 +5.1% |
| 2003 | -- | $39,035 +0.6% |
| 2002 | -- | $38,783 |
| 2001 | -- | $38,783 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32344
Nearby schools
GreatSchools rating
- NAJefferson Virtual Instruction ProgramGrades: K-12Distance: 1 mi
- 3/10Jefferson K-12 SchoolGrades: PK-12Distance: 3.5 mi
- NABabies/TapGrades: 6-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Jefferson County K-12 Schools
- Middle: Jefferson County K-12 School
- High: Jefferson County K-12 School
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- Florida
- Jefferson County
- Monticello
- 32344
- 480 S Jefferson St
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