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540 NW 24th Avenue Okeechobee, FL $ 389,900
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540 NW 24th Avenue
$ 389,900
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540 NW 24th Avenue

Okeechobee, FL, 34972
$ 389,900
Baths0.0 Sq 1,680

Monthly Estimate*

$ 2,401

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Studio

Multi-Family Home for sale in Okeechobee, FL

for $389,900. This 1,680 square foot home was built in 1991.

Investment Opportunity featuring a duplex with two spacious 2-bed,1-bath units. This property is turn-key with no repairs needed. Both units offer a desirable floor plan and have a strong rental history, currently earning $1,650 per month, with significant upside potential. Brand new metal roof and decking, new HVAC systems and hot water heaters, vaulted ceilings for a nice open feel. Back porches—one screened for added comfort, Fenced backyards offering privacy, Utility shed on one side for extra storage, Large concrete parking area to accommodate tenants. This property stands out for its low operating costs, immediate cash flow, and proven rental history. With the area's strong demand and limited rental availability, there's ample room to increase rents and maximize your return.

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Multi-Family Active

Price

$ 389,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,957

Style

Year Built

1991

Town/City

Okeechobee

County/Region

Okeechobee

MLS | Web ID

F10541239
Features
General
Sewer Septic Tank
Heating Central Electric Separate Meters
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Connected Electricity Available Phone Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Aluminum Metal
Patio/Porch Features Covered Deck Patio Porch Screened
Construction Materials Block Stucco
Pets Allowed No Pet Restrictions Yes
Year Built 1991
Tenant Pays Electricity
Stories Count 1
Levels One
Property Subtype Duplex
Tax Year 2024
Accessibility None
County Okeechobee
New Construction false
Property Type Residential Income
Subdivision Name Okeechobee Park
Other Structures Outbuilding Workshop
Status Active
City Okeechobee
Senior Community Y/N false
Number Of Units Total 2
MLS Area 6240 - NW County (OK)
Tax Annual Amount 3957
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/540-NW-24th-Ave-Okeechobee-FL-34972/unbranded
Standard Status Active
Property Sub Type Additional Duplex
Legal Description SUBDIVISION OF A PORTION OF "OKEECHOBEE PARK" (PLAT BOOK 1 PAGE 28) LOTS 13 TO 18 INC BLOCK 27
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Interior
Flooring Carpet Vinyl
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Electric Dryer Hookup Laundry Room
Total Baths 0
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Exterior
Exterior Amenities Courtyard Outdoor Living Area Storage Porch
Fencing Chain Link Fenced Privacy
Lot Features Corner Lot
Water Source Public
Total Parking 8
Foundation Details Slab
Building Area Total 2252
Road Surface Type Asphalt Paved
Waterfront Y/N false
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Travis Lee Brown

Listing Agent

Affordability Calculator

$2,730
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/20/2026$389,900 Listed Price

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540 NW 24th Avenue, Okeechobee, FL, 34972 is a Multi-Family Home for sale at $389,900 with 1,680 sqft. 540 NW 24th Avenue is a studio with 0.0 baths and was built in 1991. The property's zip code is 34972 which is in Okeechobee, FL

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