38 E 16th Street, Jacksonville, FL 32206

Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
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38 E 16th Street,Jacksonville, FL 32206
$525,000
  • 7 Beds
  • 4 Baths
  • 3,468 sq. ft.
  • Multi-family
  • Active
Listed by:leana prattis
Office:emerald realty partners corp
MLS#:2086660
Source:JV

Price summary

  • Price:$525,000
  • Price per sq. ft.:$151.38

About this home

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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Home facts

  • Year built:1929
  • Listing Id #:2086660
  • Added:86 day(s) ago
  • Updated:August 02, 2025 at 12:46 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,468 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1929
  • Building area:3,468 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$151.38
  • Tax amount:$5,933 (2024)
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