38 E 16th Street, Jacksonville, FL 32206
- $495,000
- 7
- BD
- 4
- BA
- 3,468
- SqFt
- Sold Price
- $495,000
- List Price
- $525,000
- Status
- CLOSED
- Days on Market
- 104
- Closing Date
- Sep 18, 2025
- MLS#
- 2086660
- Subtype
- Residential Income
- Year Built
- 1929
- Bedrooms
- 7
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,468
- Lot Size
- 5,227
- Acres
- 0.12
- Subdivision
- Springfield
- Neighborhood
- 076-Downtown Jacksonville-Eastside
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.
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Additional Information
- Exterior Features
- Balcony
- Heating
- Central
- Air Conditioning
- Central Air
- Parking
- On Street
Listing courtesy of EMERALD REALTY PARTNERS CORP.
Selling Office: .