2892 COLLEGE Street
Jacksonville, FL 32205
$600,000
The Rubel & College Portfolio is a 20-unit, two-property portfolio in Jacksonville's coveted Riverside Historic District. Two masonry multifamily properties at Rubel & College Streets offer a mix of sixteen studios and four one-bedroom units. Ownership invested over $400,000 in interior and systems upgrades, delivering turn-key cash flow with room to grow rents to market.
Every unit features quartz counters, shaker cabinetry, tile finishes, in-unit washer/dryer, and separately metered utilities paid directly by tenants. Most windows have been replaced. Roofs replaced 2017 and 2020. Located approximately one mile from Ascension St. Vincent's Riverside and minutes from Five Points, Brooklyn, and Downtown, the asset sits amid more than $5 billion in announced urban-core development.
Total current monthly revenue totals approximately $21,000 at full occupancy. See current RR.
PRICING ON THIS LISTING IS FOR ONE PROPERTY, HOWEVER BOTH 2892 COLLEGE & 931 RUBEL MUST BE PURCHASED TOGETHER.
| Listing Id: | 2151624 |
|---|---|
| List Price: | $600,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active Under Contract |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Living Area: | 2,828 |
| Tax Annual Amount: | $11,134 |
| Lot Size Square Feet: | 6,098.4 |
| Lot Size Acres: | 0.14 |
| Waterfront?: | No |
| City: | Jacksonville |
| County Or Parish: | Duval |
| Subdivision Name: | New Riverside |
| Postal Code: | 32205 |
| Year Built: | 1927 |
| Number Of Units Total: | 4 |
| List Agent Full Name: | STEVEN MICHAEL MCADOO |
| Cooling: | Central Air |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Bathrooms Total Integer: | 4 |
| Cooling?: | Yes |
| State Or Province: | FL |
| Lot Features: | Few Trees, Historic Area |
| Listing Terms: | Cash, Conventional |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters |
| Listing Contract Date: | 2026-06-21 |
| Lot Size Area: | 0.14 |
| Parcel Number: | 0646060000 |
| Possession: | Close Of Escrow, Subject To Tenant Rights |
| Current Use: | Investment, Multi-Family, Residential |
| Documents Change Timestamp: | 2026-06-21T20:32:56Z |
| Heating: | Central |
| Directions: | From St. Johns Town Center, take Gate Parkway west to I-95 North. Follow I-95 North to Exit 351B (US-1 N/Kings Ave). Turn left onto Kings Avenue and follow it north. Turn left onto College Street. The property will be on your right at 2892 College Street. |
| MLS Area Major: | 031-Riverside |
| Stories Total: | 2 |
| MLS Area Minor: | 031-Riverside |
| Tax Year: | 2025 |
| Bathrooms Total Decimal: | $4.00 |
| General Property Information Cdd Fee Yn: | No |
| General Property Information Accessibility Features Yn2: | No |
| Unit 1 Details Unit Id: | 1 |
| Unit 1 Details Actual Rent: | $1,295.00 |
| Unit 1 Details Unit Sq Ft: | $707.00 |
| Unit 1 Details Beds Total: | 1 |
| Unit 1 Details Furnished3: | Unfurnished |
| Unit 1 Details Unit Remarks: | Expires 11/30/2026 |
| Unit 2 Details Unit Id2: | 2 |
| Unit 2 Details Unit Sq Ft2: | $707.00 |
| Unit 2 Details Beds Total2: | 1 |
| Unit 2 Details Furnished4: | Unfurnished |
| Unit 2 Details Unit Remarks2: | Vacant |
| Unit 3 Details Unit Id3: | 3 |
| Unit 3 Details Actual Rent3: | $1,244.05 |
| Unit 3 Details Unit Sq Ft3: | $707.00 |
| Unit 3 Details Beds Total3: | 1 |
| Unit 3 Details Furnished5: | Unfurnished |
| Unit 3 Details Unit Remarks3: | Expires 07/31/2026 |
| Unit 4 Details Unit Id4: | 4 |
| Unit 4 Details Actual Rent4: | $1,264.05 |
| Unit 4 Details Unit Sq Ft4: | $707.00 |
| Unit 4 Details Beds Total4: | 1 |
| Unit 4 Details Furnished6: | Unfurnished |
| Unit 4 Details Unit Remarks4: | Expires 09/30/2026 |
| Unit 1 Details Full Baths Total: | 1 |
| Unit 2 Details Full Baths Total2: | 1 |
| Unit 3 Details Full Baths Total3: | 1 |
| Unit 4 Details Full Baths Total4: | 1 |
| Approval Status: | Yes |
| General Property Information Pool Private Yn: | No |
| General Property Information Water Body Access Yn: | No |
| Contingency Reason: | Financing, Inspection |
| General Property Information: Accessory Dwelling Unit Y/NGeneral Sp Property Sp Information Co Accessory Sp Dwelling Sp Unit Sp Yn: | No |
| Currently Not Used: Homestead YnGeneral Sp Property Sp Information Co Homestead Sp Yn: | No |
| Parking Features 2: | Detached Carport |
Listing Courtesy of: MCADOO MULTIFAMILY ADVISORS LLC
Listing Agent: STEVEN MCADOO
904-574-7400
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realMLS data last updated on October 08, 2026 05:25 PM - ET.
Property Last Updated: October 08, 2026 05:25 PM - ET
