207 SE 6TH Avenue, Okeechobee FL 34974

For sale Days on market 117

City of Okeechobee [ Quadruplex ]

$800,000

$189,000
Price Decreased

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Overview

Year Built

1988

Property Type

Quadruplex

Property Description

207 SE 6th Avenue is a rare four-unit multifamily investment opportunity offering a unique blend of downtown walkability and direct waterfront access in Okeechobee, Florida. Located just two blocks from Flagler Park and the restaurants, boutiques, and storefronts along Park Street, the property also benefits from close proximity to Taylor Creek and Lake Okeechobee, providing strong lifestyle appeal and long-term tenant demand. Built in 1988 on a 21,475 SF waterfront lot, the well-maintained 3,873 SF building features a metal roof replaced approximately five years ago, a ±1,000 SF waterfront deck overlooking the creek, and a 6’ x 30’ concrete seawall with potential for a future boat dock or slip. The property presents a compelling value-add opportunity, as the majority of units will be delivered vacant, allowing a new owner to lease at current market rents and immediately improve operational performance. This creates a clear path toward NOI growth and increased stabilized asset value without significant renovation requirements or inherited tenant complications. With a highly desirable waterfront setting, walkable downtown location, and strong upside potential, 207 SE 6th Avenue represents a hard-to-find multifamily investment in a tightly held submarket.

Property Details

MLS#

A12011391

Total Floor in Bldg

Building

City of Okeechobee

Address

207 6TH Avenue SE

City

Okeechobee

State/county

Zip/Postal Code

34974

Area

City Of Okeechobee

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Annually

Tax Amount

$345,563

Maint Fee

$--

Tax Year

2025

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