# 589 S Duval Avenue #1, Madison, FL 32340

> **TL;DR:** 2bd/1ba residential multi family, $165,000.
> A/C. Est. $882/mo. Listed 152 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $165,000 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 152 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $834 |
| Estimated Insurance | $48 |
| **Total** | **$882** |

## Nearby Schools

- **Middle:** Madison County
- **High:** Madison County High School

## Key Amenities

- A/C

## Property Highlights

- 2 stories

## Description

### Agent Description
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!

## Location

- **Address:** 589 S Duval Avenue #1, Madison, FL 32340
- **County:** Madison
- **Coordinates:** 30.462348, -83.409675
- **Google Maps:** https://www.google.com/maps?q=30.462348,-83.409675

## Listing Agent

- **Name:** William Gamalero · **License:** 3415552
- **Brokerage:** Mossy Oak Properties Southern Land & Homes
- **Broker Phone:** (850) 973-2200
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/589-S-Duval-Ave-1_Madison_FL_32340_M92777-46227?f=listhub&s=TBRFL&m=401090&c=propsimple)

## Photos

![589 S Duval Avenue #1 - Photo 1](http://lh.rdcpix.com/0d7d416eaa18a165f4f545390cca21c6l-f955274195r.jpg)

---

**MLS#:** 401090 | **Updated:** 2026-10-26
**Source:** listhub

*Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/589-s-duval-avenue-madison-fl-32340-4e824c34218546b5810371175227a3bb)

---

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