$2,500,000
649 Base Street
Madison, FL 32340
Listing updated: April 7, 2026 at 11:34 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
A rare opportunity to own three income-producing properties in the charming heart of Madison, Florida — a peaceful, historic town known for its southern hospitality and small-town growth. This portfolio includes 649 W Base St, 643 W Base St, and 912 SW Pinckney St, offering a total of three individual properties, each with its own character and potential. All units are conveniently located within minutes of downtown Madison, schools, shops, and dining — yet set on spacious lots that offer privacy, mature landscaping, and room to expand. Together, the properties total over an acre of land, providing investors or multi-family owners the ideal blend of comfort and long-term appreciation. Each unit features independent entrances, separate utilities, and functional layouts, giving you the freedom to rent for maximum cash flow, transform them into a charming short-term rental portfolio or Build a new Construction. Whether you’re a first-time investor, Builder, experienced landlord, or visionary seeking passive income in a quiet North Florida community, this trio offers an exceptional cap rate opportunity in a market with steady rental demand and limited multi-unit inventory. Nestled near major routes like Base Street (US-90) and just a short drive from I-10, these properties combine convenience, flexibility, and growth potential. With their solid structures, walkable location, and multiple income streams, this is the kind of deal that rarely comes around in Madison County- Three Properties, One opportunity, Endless potential.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history161 days on market
- Status: ActiveOct 28, 2025
- Listed$2,500,000Oct 28, 2025
- Price increased$2,500,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 161
- County
- Madison
- Year built
- 1969
- Living area
- 12,204 sq ft
- Price/sq ft
- $146
- Building area
- 17,168 sq ft (Public Records)
- Lot size
- 58,719 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- x
- Annual taxes
- $7,370 (2024)
- Parcel #
- 21-1N-09-3865-011-000
- MLS #
- C7516446
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Assumable, Cash, Special Funding
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Concrete
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Concrete, Paved
Listing Details
- Listing date
- 2025-10-28
- On market date
- 2025-10-28
- Original list price
- $2,500,000
- MLS area
- 32340 - Madison
- Listing AOR
- Port Charlotte
- Status changed
- 2025-10-28
- Tax legal description
- PART OF NW 1/4 OF SE 1/4 OR 79/439 LESS 1.69 AC OR 258/69 LESS 1.36 AC OR 706/179 TT 3865-11-2 LESS 1.04 AC OR 1077/226 TT 3865-11-3 OR 1077/233 OR 1212/70 OR 1279/183 OR 1287/291 OR 1432/199 OR 1453/82
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-10, take Exit 251 toward FL-14 N / Madison. Continue north on FL-14 N (S Range St) for about 2 miles. Turn left onto Base Street (US-90 W) and continue for approximately 0.6 mile. Properties — 649 W Base St and 643 W Base St — will be on your left, near the intersection of SW Pinckney St. 912 SW Pinckney St is located just around the corner to the southwest.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 7, 2026 at 11:34 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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