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38 E 16TH Street, Jacksonville, FL 32206
New Listing
$525,000













Property Type:
Residential Income
Bedrooms:
7
Baths:
4
Square Footage:
3,468
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$525,000
List Date:
5/09/2025
Last Modified:
5/09/2025
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.
More Information MLS# 2086660
Contract Information
Current Price: $525,000
List Price: $525,000
Status: Active
Listing Contract Date: 2025-05-09
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 38
Street Direction Prefix: E
Street Name: 16TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
Subdivision Name: Springfield
MLS Area Major: 072-Springfield
General Property Information
Number Of Units Total: 4
Bedrooms Total: 7
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3468
Living Area Source: Assessor
Accessibility Features YN: No
New Construction YN: No
Year Built: 1929
Garage YN: No
Carport YN: No
Lot Size Acres: 0.12
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: 2
Directions: from main street take 16th street east. quadplex will be on your right.
Public Remarks: 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.
List Price/SqFt: 151.38
Status Change Information
Major Change Timestamp: 2025-05-09T14:36:59Z
Major Change Type: New Listing
Currently Not Used
Property Attached YN: No
yn11: No
Unit 1 Details
Unit ID: 1
Actual Rent: 1600
Unit SqFt: 867
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: airbnb
Unit 2 Details
Unit ID: 2
Actual Rent: 1600
Unit SqFt: 867
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: airbnb
Unit 3 Details
Unit ID: 3
Actual Rent: 1600
Unit SqFt: 867
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: airbnb
Unit 4 Details
Unit ID: 4
Actual Rent: 950
Unit SqFt: 867
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: M2M lease
Property Features
Appliances: Electric Oven; Electric Range; Microwave; Refrigerator
Construction Materials: Brick
Cooling: Central Air
Current Use: Multi-Family
Exterior Features: Balcony
Flooring: Vinyl
Heating: Central
Laundry Features: Common Area
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Historic Area
Owner Pays: Taxes; Water
Parking Features: On Street
Possession: Close Of Escrow; Subject To Tenant Rights
Sewer: Public Sewer
Tenant Pays: Electricity
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: EMERALD REALTY PARTNERS CORP
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.