About this property
3034 Jefferson Street is a stabilized B-Class, 44-unit townhome community in Marianna, FL delivering strong in-place cash flow with multiple value-add opportunities. Situated on 4.43 acres with R-3 Zoning, the property offers a desirable mix of two and three bedroom units, many of which have been recently renovated. The community maintains 100% occupancy with exceptional leasing velocity-units often rent within a week of becoming available. Current upside includes converting remaining month-to-moth tenants to market-rate leases and upgrading seven additional units to three-bedroom layouts, capturing proven rent premiums. With zoning capacity for up to 70 units, the site also presents a compelling future development opportunity. The property is ideally located minutes from Interstate 10 and major employment centers, including Family Dollar Distribution, Jackson Hospital, and Chipola College. Marianna is experiencing projected 28% job growth and continues to see strong demand for quality 3-bedroom rentals under $1,500/ month, ensuring durable income and long-term appreciation potential. This is a rare chance to acquire a fully stabilized, well-located multi-family asset in a high-demand Northwest Florida market- offering both steady returns today and significant upside tomorrow.
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 51,814 sqft
- Land Size
- 4.43 acres
- Units
- 44
- Sewer
- Public Sewer
- Water
- City
- Zoning
- R3
- Electric
- Metered Individually
- Year Built
- 2000
- Roof
- Shingle
- Parking
- abundant and not assigned
- Cap Rate
- 6.6%
- Construction
- Brick, Vinyl Siding, Frame
Documents 1 file
Last updated: Oct 1, 2026
Location
- Address
-
3034 Jefferson Street
Marianna, Florida 32446