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38 E 16TH ST Jacksonville, FL 32206
7 Beds
4 Baths
3,468 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $142
Subdivision Springfield
MLS Listing ID 2086660
Sold Date 09/18/25
Bedrooms 7
Full Baths 4
Year Built 1929
Annual Tax Amount $5,933
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Source realMLS (Northeast Florida Multiple Listing Service)
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.
Location
State FL
County Duval
Community Springfield
Area 076-Downtown Jacksonville-Eastside
Direction from main street take 16th street east. quadplex will be on your right.
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Furnishings Furnished
Laundry Common Area
Exterior
Exterior Feature Balcony
Parking Features On Street
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Garage No
Private Pool No
Building
Lot Description Historic Area
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Brick
New Construction No
Others
Tax ID 0448340000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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LASHANDA WALL
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Bought with VREELAND REAL ESTATE LLC
LASHANDA WALL
Agent | License ID: 3528665