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215 CALHOUN Avenue
About This Property
4-Lot Package Near Georges Lake - 1.06 Acres. Exceptional opportunity to acquire approximately 1.06 acres across four residential lots in Lakeside Hills near Georges Lake in Florahome. Package includes 215 Calhoun Ave (Lots 6 & 21), 213 Calhoun Ave (Lot 7), and 212 Dade Ave (Lot 20). Whether you're looking to build, invest, or hold for the future, this multi-lot offering provides flexibility and value in a peaceful Old Florida setting. Conveniently located near Georges Lake, outdoor recreation, and within reasonable driving distance of Palatka, Gainesville, and Jacksonville. Zoned R-1A Residential. Buyer to perform due diligence regarding intended use, utilities, and development requirements.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Price Decreased |
$27,900
↓ $7K
(20.1%) | |
| Price Decreased | |||
| Jun 3, 2026 | Listed by WATSON REALTY CORP | $34,900 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017