$299,000
628 E Magnolia Street Arcadia, FL 34266
For Sale MLS# A4700298
1,140 sq ft Multi-family
Details for 628 E Magnolia Street
MLS# A4700298
Description for 628 E Magnolia Street, Arcadia, FL, 34266
Two homes, one price, endless possibilities! Nestled in the historic district of DeSoto County, this rare property includes not one but two charming, income-producing houses on a single lot. The main house offers 3 bedrooms and 1 bath, complete with a large, welcoming front porch perfect for enjoying the historic neighborhood, plus a detached carport. The second home is a cozy 2-bedroom, 1-bath with its own detached carport — ideal for a tenant, guests, or extended family. Both homes are currently used as income property, giving buyers true flexibility: live in one and rent the other, or keep both as rentals for maximum cash flow. This is a unique opportunity for investors or owner-occupants alike to own a piece of DeSoto County history with built-in income potential. Don't miss this one-of-a-kind offering! You'll notice road construction going on right in front of the main house — don't let that scare you off! It's wrapping up soon, and once it's done, you'll have brand-new paved roads. Don't miss this one-of-a-kind offering!
Listing Information
Property Type: Residential, Duplex
Status: Active
Lot Size: 0.33 Acres
Square Feet: 1,140 sq ft
Year Built: 1946
Construction: Wood Frame
Subdivision: A W Gilchrist Resub
Foundation: Crawlspace
County: Desoto
Additonal Room Information
Laundry: Outside
Interior Features
Basement: Crawl Space
Additional Interior Features: Living/Dining Room
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,Municipal Utilities
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Metal
Driving Directions
Take E. Magnolia, turn right onto Sumter Ave, property on the left Take W. Hickory St, turn left onto Sumter Ave, property on the left
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 25-37-24-0012-0540-0010
Tax Amount: 4140
Tax Year: 2025
A broker reciprocity listing courtesy: RMZ REALTY INC.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 628 E Magnolia Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 628 E Magnolia Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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