817 Cedar St - Apartments FOR SALE


Jacksonville, FL 32207- Southbank
$625,000 USD
904-466-6539
817 Cedar St, Jacksonville, FL for Sale
$625,000 USD
Apartments - FOR SALE
1/50
null | 5.43% Cap Rate

817 Cedar St
Jacksonville, FL 32207
Southbank


HIGHLIGHTS

  • Fully Renovated Multifamily in San Marco – Prime investment opportunity in one of Jacksonville’s most sought-after neighborhoods.
  • Three Income-Producing Units – Includes a two-story duplex with (2) 2-bed/1-bath units and a 1-bed/1-bath garage apartment for additional rental incom
  • Updated Interiors & Major Capital Improvements – New roof (2024), modern appliances, updated flooring, and low-maintenance investment.
  • Zoned CRO (Commercial Residential Office) – Flexible use potential, allowing for long-term rentals, short-term leasing, or owner-occupancy with rental
  • High Demand Rental Market – Located in San Marco, minutes from downtown Jacksonville, Baptist Medical Center, boutique shopping, and dining
  • Strong Market Appreciation & Growth – Low vacancy rates, rising property values, and 6% annual rent growth in the submarket.

OVERVIEW

Prime Investment Opportunity – Fully Renovated Multifamily in San Marco Located in Jacksonville’s highly sought-after San Marco neighborhood, this three-unit multifamily property at 817 Cedar Street presents a turnkey investment with strong rental income and long-term appreciation potential. Built in 1939, this property has retained its historic charm while undergoing modern renovations, including a new roof in 2024 and updated interiors featuring contemporary appliances, flooring, and fixtures. The property consists of two buildings: a two-story duplex and a detached three-car garage with an apartment above. The duplex features two spacious 2-bedroom, 1-bath units, each approximately 980 square feet, while the garage apartment offers a 1-bedroom, 1-bath layout spanning 700 square feet, ideal for additional rental income or an on-site manager's residence. With a current vacancy in one of the duplex units, investors have an immediate opportunity to increase rental rates to market levels and enhance overall cash flow. Strategically positioned in San Marco, the property is within walking distance of boutique shopping, renowned dining options, major employers, and public transit, making it highly attractive to long-term tenants and short-term rental opportunities. The neighborhood is known for its tree-lined streets, historic architecture, and vibrant community, contributing to rising property values and steady rental demand. With proximity to Baptist Medical Center, downtown Jacksonville, I-95, and the Riverwalk, the location ensures low vacancy rates and consistent tenant interest.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

3

PRICE/UNIT

$208,333

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,462 SF

ZONING

CRO

APN/PARCEL ID

080795-0000

ASK ABOUT THIS PROPERTY

Matthew AdamsBerkshire Hathaway - Florida Network RealtyMore Info
904-466-6539

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Matthew AdamsBerkshire Hathaway - Florida Network RealtyMore Info
904-466-6539

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.