38 E 16th St Jacksonville, FL 32206
Springfield NeighborhoodEstimated payment $3,369/month
Total Views
4,570
7
Beds
4
Baths
3,468
Sq Ft
$151
Price per Sq Ft
Highlights
- The property is located in a historic district
- Balcony
- Vinyl Flooring
- Furnished
- Central Heating and Cooling System
About This Home
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: $525,000Gross Monthly Income: ~$5,900Gross Annual Income: ~$70,800Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100Estimated Net Operating Income (NOI): ~$57,700Estimated Cap Rate: ~11%Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,933
Year Built
- Built in 1929
Lot Details
- 5,227 Sq Ft Lot
- Irregular Lot
Parking
- On-Street Parking
Home Design
- Quadruplex
Interior Spaces
- 3,468 Sq Ft Home
- 2-Story Property
- Furnished
- Vinyl Flooring
Kitchen
- Electric Oven
- Electric Range
- Microwave
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Additional Features
- Balcony
- The property is located in a historic district
- Central Heating and Cooling System
Community Details
- 4 Units
- Springfield Subdivision
Listing and Financial Details
- Assessor Parcel Number 0448340000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,933 | $294,007 | $17,578 | $276,429 |
| 2024 | $5,933 | $291,556 | $17,578 | $273,978 |
| 2023 | $4,841 | $248,298 | $12,238 | $236,060 |
| 2022 | $4,127 | $201,906 | $6,230 | $195,676 |
| 2021 | $3,887 | $180,663 | $6,230 | $174,433 |
| 2020 | $3,779 | $173,466 | $5,118 | $168,348 |
| 2019 | $3,658 | $164,202 | $4,672 | $159,530 |
| 2018 | $3,493 | $153,614 | $4,450 | $149,164 |
| 2017 | $3,303 | $141,431 | $3,560 | $137,871 |
| 2016 | $2,492 | $98,069 | $0 | $0 |
| 2015 | $2,403 | $95,054 | $0 | $0 |
| 2014 | $2,334 | $96,024 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $525,000 | +110.0% | $151 / Sq Ft |
| 12/17/2023 12/17/23 | Off Market | $250,000 | -- | -- |
| 12/17/2023 12/17/23 | Off Market | $175,000 | -- | -- |
| 05/12/2023 05/12/23 | Sold | $250,000 | -28.6% | $72 / Sq Ft |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 03/13/2023 03/13/23 | For Sale | $350,000 | +100.0% | $101 / Sq Ft |
| 11/18/2016 11/18/16 | Sold | $175,000 | -12.1% | $50 / Sq Ft |
| 09/28/2016 09/28/16 | Pending | -- | -- | -- |
| 09/15/2016 09/15/16 | For Sale | $199,000 | -- | $57 / Sq Ft |
Source: realMLS (Northeast Florida Multiple Listing Service)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | Global Title Professionals | |
| Warranty Deed | $175,000 | Mti Title Insurance Agency I | |
| Trustee Deed | -- | None Available | |
| Special Warranty Deed | $38,000 | Attorney | |
| Trustee Deed | $200 | None Available | |
| Warranty Deed | $225,300 | Attorney | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $210,000 | All Florida Title Svcs Inc | |
| Individual Deed | $100 | -- | |
| Warranty Deed | $28,000 | -- | |
| Warranty Deed | $20,000 | -- | |
| Quit Claim Deed | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,000 | New Conventional | |
| Previous Owner | $122,500 | New Conventional | |
| Previous Owner | $122,500 | New Conventional | |
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $168,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $42,000 | Stand Alone Second | |
| Previous Owner | $34,000 | Seller Take Back | |
| Previous Owner | $60,900 | FHA | |
| Previous Owner | $10,000 | Seller Take Back |
Source: Public Records
Similar Homes in Jacksonville, FL
Source: realMLS (Northeast Florida Multiple Listing Service)
MLS Number: 2086660
APN: 044834-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
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