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!
For sale
$165,000
589 S Duval Ave #1, Madison, FL 32340
2beds
1baths
2,302sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
Two-story multifamily property
- 129 days
- 236
- 21
Zillow last checked:
Listing updated:
Listed by:
William G Gamalero 850-509-0283,
Southern Land & Homes
Source: TBR,MLS#: 401090
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Space Heater
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 2,302
- Total interior livable area: 2,302 sqft
Property
Parking
- Parking features: Unassigned
Features
- Exterior features: Storage
Details
- Additional structures: Shed(s)
- Parcel number: 120790000004509000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Other
Community & HOA
Community
- Subdivision: na
Location
- Region: Madison
Financial & listing details
- Price per square foot: $72/sqft
- Annual tax amount: $1,007
- Date on market: 6/2/2026
- Cumulative days on market: 139 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$998/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Listed for sale | $165,000$72/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32340
Nearby schools
Schools provided by the listing agent
- Middle: Madison County
- High: Madison County High School
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






