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Madison, FL Multifamily Home for Sale

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    $165,000

    • 2,302 Sq Ft

    589 S Duval Ave Unit 1, Madison, FL 32340

    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.

    William Gamalero Southern Land & Homes

    589 S Duval Ave Unit 1, Madison, FL 32340

Why Live in Madison

Madison, Florida, is a small community known for its blend of outdoor recreation and agricultural heritage. The historic downtown area features cobblestone streets, antique shops, and local restaurants, reflecting the town's rich history in cotton and tobacco farming. A steam-powered motor on Range Avenue serves as a tribute to this past. Madison is an outdoor recreational hub with nearby state parks and county trails. Four Freedoms Park, located downtown, honors a World War II hero and offers trailheads for bicyclists. The Madison County 100 Mile Loop and Four Freedoms Trail are popular for biking and horseback riding, respectively. Madison RV Golf and Country Club provides a 9-hole course and resort facilities for mobile campers. Madison Blue Spring State Park features a crystal-clear swimming hole, snorkeling opportunities, and access to the Withlacoochee River. Twin Rivers State Forest, 13 miles away, offers scenic routes for equestrians. Housing options include ranch-style homes, manufactured homes, Minimal Traditional dwellings, and historic residences. The area is generally high and dry, reducing flood risks, though hurricanes and tropical storms are possible. Madison County High and James Madison Preparatory Charter High are highly rated schools. Downtown events like the Down Home Days festival and parade draw residents and visitors alike. Essential services include St. Mary's Episcopal Church, Madison County Memorial Hospital, and the Madison Shuttle for public transportation. Interstate 10 connects Madison to Downtown Tallahassee, 50 miles away, while Steinhatchee on the Florida Gulf is about 65 miles from the community.

Home Price Trends

Median Sale Price
$139,000
Median Single Family Sale Price
$230,750
Median 2 Bedroom Sale Price
$40,000
Average Price Per Sq Ft
$127
Number of Homes for Sale
18
Last 12 months Home Sales
33
Months of Supply
6.50
Median List Price
$233,924
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-14%
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