$5,641 Closing Credit¹
#2081170, ERIC RICE, Listing office: KELLER WILLIAMS FIRST COAST REALTY
$525,000 List price
38 E 16th St Jacksonville, FL 32206
$6,234
Closing credit¹
7 beds
4 full
3,468 sqft
0.1 acres
$151 / sqft
Multi-Family
Property details
About 38 E 16th St
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.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Size3,468 sqft
Lot size0.12 Acres
Year built1929
ParkingOn Street
MLS #2086660
Summary
- Full Bathrooms: 4
- Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
- Flooring Type: Vinyl
- Total Bedroom Count: 7
- Attached Garage: No
- Parking: On Street
- Exterior: Balcony
- Heating: Central
- Cooling: Central Air
- List Price: $525,000
- Price/SqFt: $151
- Annual Tax Amount: $4,840
- Tax Year: 2023
- Lot: Historic
- Directions: from main street take 16th street east. quadplex will be on your right.
- Year Built: 1929
- Stories: 2
- Living Area: 3,468 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 2086660
- MLS Name: realMLS (Northeast Florida Multiple Listing Service)
- Office Name: EMERALD REALTY PARTNERS CORP
- Office Phone: (904) 830-1933
- Office Email: admin@emeraldrealtycorp.com
- Listing Agent: LEANA PRATTIS
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. 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 other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 12:50:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$525,000
38 E 16th St
$6,234
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $248,298 | $4,840 |
| 2022 | $201,906 | $4,126 |
| 2021 | $180,663 | $4,126 |
| 2019 | $164,202 | $3,658 |
| 2018 | $153,614 | $3,493 |
| 2017 | $141,431 | $3,303 |
History based on county public records data.
Nearby schools
3
Andrew A. Robinson Elementary School
Public Magnet PK-5
0.2 mi
•101 W 12th St
2
Long Branch Elementary School
Public District 3-5
1.0 mi
•3723 Franklin St
4
R L Brown Gifted and Talented Academy
Public Magnet KG-5
1.2 mi
•1535 Milnor St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,459. Most Jacksonville, FL residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
62%
<35k
38%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
21%
Single, with Kids
16%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
46%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC
NHRA Drag Racing- Pro Boxing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Golden Corral
Popeyes
What do the neighbors drive?
Buick
Kia
Dodge
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 38 E 16th St
The listing price of 38 E 16th St property is $525,000.
The property 38 E 16th St is a multi located in Jacksonville, Florida, 32206.
Active Listing: 38 E 16th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 38 E 16th St are: Andrew A. Robinson Elementary School (GreatSchools Rating 3/10), Long Branch Elementary School (GreatSchools Rating 2/10), R L Brown Gifted and Talented Academy (GreatSchools Rating 4/10), Kirby-Smith Middle School (GreatSchools Rating 4/10), Mattie V Rutherford Alternative Education Center (GreatSchools Rating 1/10), Matthew W. Gilbert Middle School (GreatSchools Rating 2/10), Andrew Jackson High School (GreatSchools Rating 4/10), Darnell Cookman Middle/High School (GreatSchools Rating 6/10), Stanton College Preparatory (GreatSchools Rating 10/10).
According to the records, the last property tax for 2023 is $4,840 (source: MLS/based on county public records data).
The property 38 E 16th St is 3,468 SqFt (source: MLS/tax record).
The year of construction for 38 E 16th St is 1929.
This home is located at 38 E 16th St in Jacksonville, FL and zip code 32206 in the Urban Core neighborhood. This 3,468 square foot home, which was built in 1929, sits on a 0.12 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $525,000.
In May 2025, from all listings sold in Jacksonville, FL there were more than 159 sold above asking price, over 557 sold below and more than 267 were sold right at the asked price. The number of listings in Jacksonville, FL increased by 4.1% between April and May 2025. In May 2025, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $304,130.
From Rocket Homes Real Estate and based on county public records data.