38 E 16th Street
Jacksonville, FL 32206
- 7 beds
- 4 baths
- 3,468 sqft
- 5,227 sqft lot
- $151 per sqft
- 1929 build
- – on site
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.
Last checked:
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Checking…
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Last updated May 9, 2025
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MLS# 2086660 —
The Building
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Year Built:1929
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New Construction:false
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Development Status:None
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Architectural Style:None
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Stories Total:2
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Basement:None
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Foundation Details:None
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Exterior Features:Balcony
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Building Features:None
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Window Features:None
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Patio And Porch Features:None
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Building Name:None
Interior
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Rooms Total:None
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Furnished:Furnished
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Interior Features:None
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Flooring:Vinyl
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Fireplace:No
Room Dimensions
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Living Area:3468.0
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Living Area Units:None
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Living Area Source:Assessor
Financial & Terms
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Possession:Close Of Escrow, Subject To Tenant Rights
Location
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Directions:from main street take 16th street east. quadplex will be on your right.
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Cross Street:None
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Latitude:30.353271
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Longitude:-81.652756
The Property
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Parcel Number:0448340000
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Property Condition:None
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Property Attached:false
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Zoning:None
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Lot Features:Historic Area
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Lot Size Acres:0.12
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Lot Size SqFt:5227.2
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Lot Size Area:0.12
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Lot Size Units:Acres
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Current Use:Multi-Family
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Possible Use:None
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Topography:None
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Additional Parcels:No
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Additional Parcels Description:None
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Legal Description:2-69 01-2S-26E NEW SPRINGFIELD LOT 16 BLK 37
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Tax Annual Amount:5933.46
Beds
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Bedrooms Total:7
Baths
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Total Baths:4.0
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Total Baths:4
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Full Baths:4
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Three Quarter Baths:None
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:true
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Cooling:Central Air
Utilities
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Utilities:Cable Connected, Electricity Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Oven, Electric Range, Microwave, Refrigerator
Schools
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:Springfield
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Pool Private:No
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Waterfront:false
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Water Body Name:None
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Pets Allowed:None
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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5/9/25
May 9, 2025
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Listed / Active | NEFMLS | $525,000 | 110.0% (55.2% / YR) |
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5/12/23
May 12, 2023
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NEFMLS | $250,000 | -26.5% | |
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4/2/23
Apr 2, 2023
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NEFMLS | $340,000 |
