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Lake Lucina Multifamily Home for Sale

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    $590,000

    • 12 Beds
    • 4 Baths
    • 3,808 Sq Ft

    5718 Merrill Rd, Jacksonville, FL 32277

    4 units , 3/1 apartments ,2023 Roof and electrical panels in each unit. Great income potential for investors , each unit rented $1500 per month , 4 electrical meters only one water meter , water is approx. $100 per month the tenant pay $25 each one to cover water . Concrete block construction with a Large backyard for more parking. One Block from Jacksonville University , ETC , Prime Location

    EDUARDO GOLDSTEIN FLORIDA HOMES REALTY & MTG LLC

    5718 Merrill Rd, Jacksonville, FL 32277

Why Live in Lake Lucina

Lake Lucina in Jacksonville is a midcentury suburb known for its historical charm and practical location near Downtown Jacksonville, just across the St Johns River. The neighborhood, named after a small spring-fed lake, features quiet streets and a boulevard leading to Jacksonville University, about a mile north. Homes in Lake Lucina primarily consist of midcentury ranch styles built between the 1950s and 1970s, with many offering four bedrooms, three baths, and open layouts. The northeastern section, Fairways Forest, was once a golf course and now hosts homes priced between $300,000 and $450,000, while more affordable cinderblock residences to the west range from $150,000 to $300,000. Residents have access to various retail and dining options at Lake Lucina Shopping Center on Merrill Road and along University Boulevard. Notable eateries include University Diner, J Lemon Pepper Fish & Chicken, and Mi Veracruz, which offers authentic Mexican cuisine. For recreation, families frequent the playground and basketball courts near Lucina Lake Elementary, Victory Park's tennis courts and soccer fields, and the Tree Hill Nature Center's hiking trails and petting zoo. The Jacksonville Arboretum & Botanical Gardens, located five miles east, provides expansive green spaces and interwoven trails. Commuting is convenient with Matthews Bridge and Interstate 295 both about 2 miles away, and Jacksonville Transportation Authority offering bus services. The Arlington Road Boat Ramp allows for water travel, with the river leading to the Atlantic Ocean 15 miles east. The neighborhood also has a voluntary civic association, and residents can store private boats within their subdivisions.

Home Trends in Lake Lucina, FL

Housing Trends

Median Sale Price
$380,000
Median Single Family Sale Price
$475,770
Median Townhouse Sale Price
$444,000
Median 2 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$511
Number of Homes for Sale
9
Last 12 months Home Sales
58
Months of Supply
1.90
Median List Price
$432,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-53%
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