$409,500
720 WALNUT Street, Green Cove Springs, FL 32043, Green Cove Springs, FL 32043
**verifying Subd**
- Price
- $409,500
- Beds / Baths
- 8 / 4
- Living area
- 3,368 sqft
- Year built
- 1939
- Type
- MultiFamily
- Lot
- 0.25 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Clay
- Days on market
- 88
- Elementary
- Charles E. Bennett
- Middle
- Green Cove Springs
- High school
- Clay
Private financing available to deserving buyer with large down. Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Community front porch + picnic area • Vinyl siding • Off-street parking for 8 " 4-point inspection done (3 yrs ago, no issues) " Two heat/AC wall units per unit " Unit 2B vacant -- new flooring & paint, ready to rent " 3 units occupied, month-to-month, below market " Historic District -- walkable to Spring Park & St.
What to check on this one
- Verify flood zone via FEMA map—critical for insurance and lender requirements.
- Obtain current 4-point inspection (prior one is 3 years old; insurers want recent).
- Confirm roof condition and metal-roof warranty; verify with roofer if past 15 years.
- Review all tenant leases, deposit amounts, and rent rolls for each occupied unit.
- Get title search for any historic district deed restrictions affecting CBD zoning conversions.
- Inspect plumbing (1939 build—check for cast iron, galvanized, or polybutylene issues).
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 $327,600 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 COMMUNITY REALTY ASSOCIATES. Data via realMLS (Northeast Florida MLS), updated Aug 3, 2026, 5:37 PM.
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