Stellar investment near DT Jax! Fully occupied and turn key. This beautiful 5 unit fully renovated building offers an incredible opportunity to invest in the highly desirable and upwardly mobile Springfield neighborhood. The classic Colonial architecture of 1909 provides attractive curb appeal that is in much demand to potential renters. Both the interior and exterior have recently (2025) undergone an extensive restoration at the same time retaining the enduring style that makes this area so appealing. The building comprises of 4 fully renovated 2/2 units with a huge 1/1 encompassing the entire 3rd floor. The building is 100% occupied, with rents ranging from $1300 to $1350. All the units have been completely renovated with a modern flair and everything brand new including, flooring, kitchen, baths, plumbing, electric, appliances and more. There is air conditioned/heated hallways with communal laundry on the 1st and 2nd floors. 1628 Walnut is located within the vibrant community of Springfield just 1 mile north of downtown and amidst the active social scene of the area. Property being offered by owner/agent.
| Listing Id: | 2134385 |
|---|---|
| List Price: | $795,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bathrooms Full: | 9 |
| Living Area: | 3,832 |
| Tax Annual Amount: | $10,156 |
| Lot Size Square Feet: | 5,227.2 |
| Lot Size Acres: | 0.12 |
| Waterfront?: | No |
| City: | Jacksonville |
| County Or Parish: | Duval |
| Postal Code: | 32206 |
| Year Built: | 1909 |
| Number Of Units Total: | 5 |
| List Agent Full Name: | NICHOLAS D SALTER |
| Cooling: | Ceiling Fan(s), Central Air, Electric, Wall Unit(s) |
| Tenant Pays: | Electricity, Sewer, Water |
| Road Frontage Type: | Alley, City Street |
| Lot Size Units: | Acres |
| Security Features: | Fire Sprinkler System, Fire Alarm, Firewall(s) |
| Heating?: | Yes |
| Bathrooms Total Integer: | 9 |
| Cooling?: | Yes |
| State Or Province: | FL |
| Lot Features: | Historic Area |
| Listing Terms: | Cash, Conventional |
| Gross Income: | $85,020 |
| Owner Pays: | Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Taxes |
| Utilities: | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| Sewer: | Public Sewer |
| Building Features: | Rear Access, Storage, Laundry |
| Listing Contract Date: | 2026-03-11 |
| Roof: | Metal |
| Lot Size Area: | 0.12 |
| Parcel Number: | 0723010000 |
| Possession: | Close Of Escrow |
| Current Use: | Multi-Family, Residential |
| Documents Change Timestamp: | 2026-03-11T17:32:54Z |
| Heating: | Central, Electric |
| Directions: | Take Main Street North, headed away from Downtown Jacksonville, take a right on East 4th Street. Drive three blocks to Walnut and take a right. |
| MLS Area Major: | 072-Springfield |
| Flooring: | Vinyl |
| Stories Total: | 3 |
| MLS Area Minor: | 072-Springfield |
| Water Source: | Public |
| Zoning Description: | Commercial/Residential/Office |
| Building Area Source: | Appraiser |
| Net Operating Income: | $55,115 |
| Total Actual Rent: | $6,625 |
| Insurance Expense: | $8,328 |
| Operating Expense Includes: | Gardener, Insurance, Maintenance |
| Tax Year: | 2025 |
| Bathrooms Total Decimal: | $9.00 |
| General Property Information Accessibility Features Yn2: | No |
| Unit 1 Details Unit Id: | 1 |
| Unit 1 Details Annual Rent: | $15,600.00 |
| Unit 1 Details Unit Sq Ft: | $800.00 |
| Unit 1 Details # Units (This Type): | 4 |
| Unit 1 Details Baths Total: | 2 |
| Unit 1 Details Furnished3: | Unfurnished |
| Unit 1 Details Unit Remarks: | First floor |
| Unit 2 Details Unit Id2: | 2 |
| Unit 2 Details Annual Rent2: | $15,900.00 |
| Unit 2 Details Unit Sq Ft2: | $800.00 |
| Unit 2 Details # Units (This Type)2: | 4 |
| Unit 2 Details Baths Total2: | 2 |
| Unit 2 Details Furnished4: | Unfurnished |
| Unit 2 Details Unit Remarks2: | First floor |
| Unit 3 Details Unit Id3: | 3 |
| Unit 3 Details Annual Rent3: | $16,200.00 |
| Unit 3 Details Unit Sq Ft3: | $800.00 |
| Unit 3 Details # Units (This Type)3: | 4 |
| Unit 3 Details Baths Total3: | 2 |
| Unit 3 Details Furnished5: | Unfurnished |
| Unit 3 Details Unit Remarks3: | Second Floor |
| Unit 4 Details Unit Id4: | 4 |
| Unit 4 Details Annual Rent4: | $16,200.00 |
| Unit 4 Details Unit Sq Ft4: | $800.00 |
| Unit 4 Details # Units (This Type)4: | 4 |
| Unit 4 Details Baths Total4: | 2 |
| Unit 4 Details Furnished6: | Unfurnished |
| Unit 4 Details Unit Remarks4: | Second Floor |
| Unit 5 Details Unit Id5: | 5 |
| Unit 5 Details Annual Rent5: | $15,600.00 |
| Unit 5 Details Unit Sq Ft5: | $800.00 |
| Unit 5 Details # Units (This Type)5: | 1 |
| Unit 5 Details Baths Total5: | 1 |
| Unit 5 Details Furnished7: | Unfurnished |
| Unit 5 Details Unit Remarks5: | Third floor |
| Approval Status: | Yes |
| General Property Information Water Body Access Yn2: | No |
| Business Type: | Residential |
| Location: | City |
| Sale Includes: | Building & Land |
| Parking Features 2: | Additional Parking, Off Street, On Street, Unassigned |
Listing Courtesy of: COMPASS FLORIDA LLC
Listing Agent: NICHOLAS D SALTER
954-670-4252
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realMLS data last updated on October 08, 2026 06:28 PM - ET.
Property Last Updated: October 08, 2026 06:28 PM - ET
