SoldSep 18, 2025

Listed by LEANA HUNTER from EMERALD REALTY PARTNERS CORP

Bought with Scott McAnany from VREELAND REAL ESTATE LLC

Source: realMLS #2086660

38 E 16th St, Jacksonville, FL, 32206

$495,000

7
4
3468 sq. ft.
5227.2 sq. ft.

Duplex

30+ days on the market

Sold: Sep 18, 2025

What's around 38 E 16th St

About this property

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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