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$389,900
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Property Description
Investment Opportunity featuring a duplex with two spacious 2-bed,1-bath units. This property is turn-key with no repairs needed. Both units offer a desirable floor plan and have a strong rental history, currently earning $1,650 per month, with significant upside potential. Brand new metal roof and decking, new HVAC systems and hot water heaters, vaulted ceilings for a nice open feel. Back porches-one screened for added comfort, Fenced backyards offering privacy, Utility shed on one side for extra storage, Large concrete parking area to accommodate tenants. This property stands out for its low operating costs, immediate cash flow, and proven rental history. With the area's strong demand and limited rental availability, there's ample room to increase rents and maximize your return.
Full Property Details
Full Property Details for 540 NW 24th Ave
General
- Price: $389,900
- Taxes: $3,957 (2024)
- Status: Active
- Type: Duplex
- Source: Regional
- MLS ID: F10541239
- Updated: 3/17/2026
- Added to Site: 115 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Room
Exterior
- Exterior Features: Balcony, Courtyard, Outdoor Living Area, Storage, Porch
- Porch/Patio/Deck: Covered, Deck, Patio, Porch, Screened, Balcony
Parking
- Total Spaces: 8
Location
- County: Okeechobee
- Subdivision: Okeechobee Park
Community
- Community Name: 6240 - NW County (OK)
- Units Assoc/Comm: 2
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Separate Meters
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Connected, Electricity Available, Phone Available, Sewer Connected, Water Connected
- # Electric Meters: 2
Structural Information
- Construction: Block, Stucco
- Roof: Aluminum, Metal
- Stories/Levels: 1
- Building Size: 2252
- Square Feet: 1,680
- Sq. Ft. Source: Appraiser
- Living Area: 1,680 Sq. Ft.
- Year Built: 1991
- Property Condition: Resale
Additional Structures
- Other Structures: Outbuilding, Workshop
Lot Features
- Frontage: City Street, Asphalt, Paved
- Road Maintenance: Public Maintained Road
- Lot Features: Corner Lot
- Zoning: Multi-family
- Fencing (Description): Chain Link, Fenced, Privacy
Financial Considerations
- Assessment Amount: $188,675
- Tax Amount: $3,957
- Tax Year: 2024
- Terms: Cash, Conventional
- Tenant Pays: Electricity
Disclosures and Reports
- Special Conditions: Standard, Listed As-Is
- Documents Avail.: Lease
- Legal Description: SUBDIVISION OF A PORTION OF "OKEECHOBEE PARK" (PLAT BOOK 1 PAGE 28) LOTS 13 TO 18 INC BLOCK 27
- Property ID: R11737350020002700130
Listed by Brown & Company Realty, INC
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Schools
Schools serving 540 NW 24th Ave
School District:Okeechobee County School District
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Okeechobee, FL 610 Southwest 5th Avenue, Okeechobee, FL 34974 | K-5 | 1.3 mi |
Yearling Middle School 925 Northwest 23rd Lane, Okeechobee, FL 34972 | 6-8 | 1.5 mi |
Okeechobee High School 2800 U.S. 441, Okeechobee, FL 34972 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 540 NW 24th Ave
Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$389,900
-8.24%
MLS
12/15/2025
Listed
$424,900
602.31%
MLS
6/24/2004
Sold
$60,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 540 NW 24th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,010
-24%
$237,868
26%
2024
$3,957
—
$188,675
-11%
2023
$3,965
80%
$211,146
73%
2021
$2,199
-35%
$122,013
-26%
2022
$3,367
53%
$164,289
36%
2021
$2,199
18%
$121,143
14%
2017
$1,866
—
$106,350
9%
2017
$1,866
3%
$97,782
9%
2016
$1,813
-14%
$89,942
-25%
2019
$2,096
14%
$120,374
36%
2015
$1,840
5%
$88,718
6%
2014
$1,747
-3%
$84,048
-5%
2013
$1,809
—
$88,548
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 540 NW 24th Ave
540 NW 24th Avenue, Okeechobee, FL 34972 (MLS# F10541239) is a Duplex property with 0 bedrooms and 0 full bathrooms. 540 NW 24th Avenue is currently listed for $389,900 and was received on December 15, 2025. Want to learn more about 540 NW 24th Avenue? Do you have questions about finding other Duplex real estate for sale in Okeechobee? You can browse all Okeechobee real estate or contact a Coldwell Banker agent to request more information.

