See more images

Asking Price

$ 525,000

Status

Closed

38 E 16TH Street

Jacksonville, FL,32206, Springfield

Overview

7 Bedrooms

4 Bathrooms

Garage

3,468 sqft

Year Built: 1929


School Nearby

Description

Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase. Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health. Investment Highlights: List Price: $525,000 Gross Monthly Income: ~$5,900 Gross Annual Income: ~$70,800 Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100 Estimated Net Operating Income (NOI): ~$57,700 Estimated Cap Rate: ~11% Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.


Features

Status:   Closed

Beds:    7

Baths:   4

Square Footage:   3,468 Sq. Ft

HOA Fee:   -

Property Type:   Quadruplex

MLS Number:   2086660

Days on Market:   104

Year Built:   1929

Lot Size:  

County:   Duval

Taxes:   $5,933.00


Address

38 E 16TH Street , Jacksonville ,FL

Listing provided by: EMERALD REALTY PARTNERS CORP, No contact found!

Asking Price

$525,000

Status

Closed

Similar Properties

© (2025) Northeast Florida Multiple Listing Service, Inc. All rights reserved.