Ask Ben.
Ask Ben.
(904) 595-8967

Benjamin Subercaseaux, Sales Associate · Florida Homes Realty & Mortgage

$535,000

2614 COLLEGE Street 1-4, Jacksonville, FL 32204, Jacksonville, FL 32204

New Riverside

Price
$535,000
Beds / Baths
4 / 4
Living area
2,892 sqft
Year built
1942
Type
MultiFamily
Lot
0.16 ac
Garage
0
HOA
None
CDD
No
Flood zone
Unknown
County
Duval
Days on market
131

INCOME PRODUCING 4-plex in the heart of Riverside! This property offers four 1-bedroom/1 bath units. 4 units are currently occupied, with $4,000/mo rental income,. This is an amazing opportunity to capitalize on one of the city's most desirable neighborhoods! Vibrant living scene, abundance amenities & proximity to downtown Jacksonville, the St. Johns River, and major highways makes it a convenient choice, attracting a variety of tenant options. This area consistently experiences strong rental demand, ideal for owners seeking steady rental income. On-going revitalization in the area also gives it potential property value appreciation. Per County Permit Records, the roof was replaced in 2014 and Unit#4 AC unit was replaced in 2019. Come see!

What to check on this one

  • Verify 1942 roof replacement permit date (2014 claim) with Duval County records
  • Order 4-point inspection; confirm insurer will cover 84-year-old structure
  • Pull flood zone designation from FEMA; request elevation certificate if AE/VE
  • Verify all 4 units occupied, lease terms, and actual $4,000/mo income documentation
  • Inspect plumbing era (pre-1942 likely cast-iron or galvanized); budget replacement risk

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

Principal & interest$2,776/mo
Property tax (1.1% eff., Duval Co.)$490/mo
Homeowners insurance (est.)$312/mo
All-in monthly (est.)$3,578/mo

Loan $428,000 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 CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST. Data via realMLS (Northeast Florida MLS), updated Jun 30, 2026, 6:44 PM.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.