$795,000
1628 WALNUT Street, Jacksonville, FL 32206
Springfield
- Price
- $795,000
- Beds / Baths
- 9 / 9
- Living area
- 3,832 sqft
- Year built
- 1909
- Type
- MultiFamily
- Lot
- 0.12 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 49
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.
What to check on this one
- Verify roof age and get 4-point inspection; 1909 building likely needs wind-mitigation cert.
- Confirm flood zone via FEMA map; obtain elevation certificate if in AE/VE.
- Review all plumbing work documentation; pre-1995 original lines may hide polybutylene risk.
- Inspect recent electrical/HVAC permits and warranties; verify licensed contractor work.
- Pull tenant leases, rent rolls, and eviction/turnover history for all 5 units.
- Get building insurance quotes now; older multifamily in flood zone costs spike.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $636,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of COMPASS FLORIDA LLC. Data via realMLS (Northeast Florida MLS), updated Aug 7, 2026, 6:06 PM.
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