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listing
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Residential IncomeFor Sale
$525,000
38 16th Street
Jacksonville, FL 32206
Listed by: Emerald Realty Partners Corp, 904-300-6135
MLS: RealMLS
7Beds
4Baths
3,468Sq Ft
Est. Mortgage
$2,810/mo

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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Information courtesy of EMERALD REALTY PARTNERS CORP is subject to verification and is not guaranteed. This data is up-to-date as of 05/18/2025 10:30 PM. For the most current information, contact EMERALD REALTY PARTNERS CORP at 904-830-1933. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EMERALD REALTY PARTNERS CORP are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2025 Northeast Multiple Listing Service, Inc. All rights reserved.
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