7
Beds
4
Baths
3,468
Square feet
0.12
Acres
Description of 38 E 16th Street, Jacksonville - MLS# 2086660
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.
Features of 38 E 16th Street
| MLS® # | 2086660 |
|---|---|
| Price | $525,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,468 |
| Acres | 0.12 |
| Year Built | 1929 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information : Jacksonville
| Address | 38 E 16th Street |
|---|---|
| Area | 076-Downtown Jacksonville-Eastside |
| Subdivision | Springfield |
| City | Jacksonville |
| County | Duval |
| State | FL |
| Zip Code | 32206 |
Amenities of 38 E 16th Street
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | On Street |
| Is Waterfront | No |
| Has Pool | No |
| Gated Community | No |
| Senior Community | No |
| Guest House | No |
Interior of 38 E 16th Street
| Appliances | Electric Oven, Electric Range, Microwave, Refrigerator |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Has Fireplace | No |
| # of Stories | 2 |
Exterior of 38 E 16th Street
| Exterior Features | Balcony |
|---|---|
| Lot Description | Historic Area |
Additional Information On 38 E 16th Street
| Date Listed | May 9th, 2025 |
|---|---|
| Days on Market | 59 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Has HOA | No |
| Has CDD Fee | No |
Listing Details
| Office | EMERALD REALTY PARTNERS CORP |
|---|