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Back 38 E 16th St
Off Market

38 E 16th St

Jacksonville FL 32206

7
4
3468 sq. ft.
5227.2 sq. ft.
Duplex
Last sold for $495,000
LEANA HUNTERLEANA HUNTER, last sold this property on 18 September 2025 after 131 days on market.

Overview

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

7 bedrooms
4 bathrooms
3468 sq. ft. floor area
5227.2 sq. ft. lot size
Duplex

Estimated Value

We need at least 3 similar 7 bedroom duplexes sold in Jacksonville over the last 12 months.

Property history for 38 E 16th St

2025
Sold
$495,000
18 Sep 2025 by LEANA HUNTER, of EMERALD REALTY PARTNERS CORP
2023
Sold
$250,000
12 May 2023 by ANTOINETTE JACKSON, of FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT
2016
Sold
$175,000
18 Nov 2016 by HAILING ZHONG, of CENTURY 21 Lighthouse Realty

Happy sellers in Jacksonville

69%
69% of sellers in Jacksonville reported that their sale price either exceeded or met their price expectations.

Jacksonville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Jacksonville over the last 12 months.

Local market activity for 7 bedroom duplexes in Jacksonville

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