628 E MAGNOLIA STREET ARCADIA, FL $ 299,000
628 E MAGNOLIA STREET
$ 299,000
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628 E MAGNOLIA STREET

ARCADIA, FL, 34266
$ 299,000
Baths0.0 Sq 1,140

Monthly Estimate*

$ 1,888

628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 1
628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 2
628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 3
628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 4
628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 5
628 E MAGNOLIA STREET, ARCADIA, FL 34266 - Image 6
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Studio Multi-Family Home for sale in ARCADIA, FL for $299,000. This 1,140 square foot home was built in 1946 on a lot size of 0.33.

Two homes, one price, endless possibilities! Nestled in the historic district of DeSoto County, this rare property includes not one but two charming, income-producing houses on a single lot. The main house offers 3 bedrooms and 1 bath, complete with a large, welcoming front porch perfect for enjoying the historic neighborhood, plus a detached carport. The second home is a cozy 2-bedroom, 1-bath with its own detached carport — ideal for a tenant, guests, or extended family. Both homes are currently used as income property, giving buyers true flexibility: live in one and rent the other, or keep both as rentals for maximum cash flow. This is a unique opportunity for investors or owner-occupants alike to own a piece of DeSoto County history with built-in income potential. Don't miss this one-of-a-kind offering! You'll notice road construction going on right in front of the main house — don't let that scare you off! It's wrapping up soon, and once it's done, you'll have brand-new paved roads. Don't miss this one-of-a-kind offering!

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Multi-Family Active

Price

$ 299,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,140

Style

Duplex

Lot Size

0.33

Year Built

1946

Town/City

ARCADIA

County/Region

DeSoto

MLS | Web ID

A4700298

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Connected Public
Possession Close Of Escrow
Roof Metal
Zoning R-1C
Garage Spaces 0
Construction Materials Wood Frame
Year Built 1946
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County DeSoto
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name A W GILCHRIST RESUB
Garage Y/N false
Status Active
Directions Take E. Magnolia turn right onto Sumter Ave property on the left Take W. Hickory St turn left onto Sumter Ave property on the left
City ARCADIA
Senior Community Y/N true
MLS Area 34266 - Arcadia
Lot Size Units Square Feet
Lot Size Square Feet 14375
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 4140
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4700298
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description TOWN OF ARCADIA O S LOTS 1 & 2 BLK 54 SEC 31-37-25 INST:201614003149 INST:201614003995 INST:202014006040 INST:202014006041
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities L Dining Ninguno
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Outside
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities None
Water Source Public
Lot Size Area 14375
Foundation Details Crawlspace
Number of Buildings 2
Building Area Total 1800
Lot Size Acres 0.33
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
oraliaramirez@gmail.com

Email

Affordability Calculator

$2,233
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,888
Monthly Property Taxes
$345
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/24/2026$299,000 Listed Price

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628 E MAGNOLIA STREET, ARCADIA, FL, 34266 is a Multi-Family Home for sale at $299,000 with 1,140 sqft and a lot size of 0.33. 628 E MAGNOLIA STREET is a studio with 0.0 baths and was built in 1946. The property's zip code is 34266 which is in ARCADIA, FL