1. Florida
  2. Jacksonville
  3. 38 E 16TH Street
$525,000

38 E 16TH Street, Jacksonville, FL 32206

  • 7 beds |
  • 4 baths |
  • 3,468 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $151/sqft
  • Property List Date Icon Listed 4 months ago

Property 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.

Listing Status:
Active
Date Added:
May 9, 2025 at 05:00AM
Listing Office:
EMERALD REALTY PARTNERS CORP : 904-830-1933
Listing Agent:
LEANA PRATTIS : 904-300-6135
MLS ID:
2086660
  • Appliances: Electric OvenElectric RangeMicrowaveRefrigerator
  • Flooring: Vinyl
  • A/C: Central Air
  • Heating: Central

This listing courtesy of LEANA PRATTIS, EMERALD REALTY PARTNERS CORP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

A

Andrew A. Robinson Elementary School

101 W 12th St, Jacksonville, FL, 32206

Grades PK-5

0.25 miles away

K

Kirby-Smith Middle School

2034 Hubbard St, Jacksonville, FL, 32206

Grades 6-8

0.28 miles away

A

Andrew Jackson High School

3816 N Main St, Jacksonville, FL, 32206

Grades 9-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.