Price Reduction

Address

182 Madison Street A & B, Freeport, FL

Listing Type

Active

Price

$ 649,000

Property Attributes

MLS#1010280
TypeSingle Family
Listing Status Active
CountyWalton
CityFreeport
AreaFreeport
NeighborhoodN-A
Zip32439
StyleDuplex
Year Built2023
Price$ 649,000
Bedrooms6
Full Bathrooms6
Half Bathrooms2
Sqr Footage3160

Data Source:

Emerald Coast MLS (ECAR)

Property Description

Turnkey Freeport duplex with both units currently leased, strong rental history, and a potentially assumable VA loan at 5.99%, subject to lender approval and buyer qualification. 182 Madison Street includes Units A and B together on one parcel, offering two mirrored townhome-style residences in a convenient Freeport location. Built in 2023, each unit features 3 bedrooms, 2.5 baths, an open-concept living and kitchen area, kitchen island, stainless-steel appliances, LVP flooring, generous storage, and an attached one-car garage. Both sides are currently occupied by long-term tenants, and the property has historically stayed rented with cash pay long term tenants. Rent rolls are available to qualified buyers. This is an excellent opportunity for an investor seeking a newer, income-producing property with established tenancy and the flexibility of two separate residences under one ownership. Photos shown are of Unit B; Unit A is substantially identical in finishes and layout, but mirrored. Property may also offer potential for short-term or furnished rental use. Positioned in an area poised for additional growth, with a potential 27-unit development directly behind the property--an investment that could further strengthen the surrounding area and support future property values. 182 Madison Street presents a unique opportunity to acquire both sides of a newer duplex together as one investment property. Units A and B feature mirrored floor plans and are currently operated as long-term rentals, providing immediate income without the need to locate tenants after closing. Each residence offers three bedrooms, two and one-half bathrooms, an attached one-car garage, and a modern open-concept layout designed for comfortable everyday living. Interior features include luxury vinyl plank flooring, stainless-steel appliances, kitchen islands, ample cabinetry and storage, and spacious living areas. The property has demonstrated strong rental performance, with historical gross rental income reaching approximately $60,000 annually. Both units are currently leased, and rent rolls and additional rental information are available for review by qualified buyers. An additional potential benefit is the existing VA loan carrying a 5.99% interest rate, which may be assumable by a qualified buyer subject to approval by the lender/loan servicer and applicable VA requirements. Buyers should independently verify assumption eligibility, remaining loan balance, required equity or cash contribution, and all financing terms. Located in Freeport with convenient access to Highway 20, schools, shopping, dining, and South Walton, the property is positioned in one of Walton County's growing residential areas while remaining within convenient reach of the beaches and communities along the Emerald Coast. Property is being sold as a single duplex consisting of Units A and B on one parcel. Photos shown are primarily of Unit B. Unit A is substantially identical in design and finishes but features a mirrored floor plan. Tenant occupancy should be considered when scheduling showings.

Elementary School	Middle School	High School
Freeport Elementary School	Freeport Middle School	Freeport High School

Price History
8/20/2026	Listed $679,000
9/4/2026	4$649,000

General Features

Utilities	Electric,Public Water,Tap Fee Paid
Zoning	Resid Multi-Family
Property Subtype	Duplex
Community Features	Short Term Rental - Allowed,Pets Allowed
County	Walton
Property Type	Residential
Subdivision Name	N/A
Status	Active
Buyer Financing	Conventional,FHA,VA
Directions	From Hwy 20 E or W turn south onto Madison street; adjoining townhomes are the third home on the right. You will notice it's ''twin'' just next door to it to the left side.
High School	Freeport
City	Freeport
MLS Area	20 - Freeport
Lot Size Units	Acres
Elementary School	Freeport
Middle/Junior High School	Freeport
MLS Area Minor	2005 - S. of 20 to Hwy 331
Standard Status	Active
Sewer	Public Sewer
Heating	Central
Cooling	Ceiling Fans,Central Air
Garage Spaces	1
Architectural Style	Duplex
Construction Materials	Frame,Roof Pitched
Year Built	2023
Tax Year	2025
New Construction	false
Attached Garage	false
Total Rooms	8
Carport Y/N	false
Property Condition	Construction Complete
Unit Number	A & B
Garage Y/N	true

Interior Features

Total Baths	8
Interior Amenities	Kitchen Island,Lighting Recessed,Pantry,Shelving,Washer/Dryer Hookup
Flooring	Floor Vinyl
Air Conditioning Y/N	true
Heating Y/N	true
Window Features	Window Treatmnt None
Furnished Y/N	Furnished - None