$600,000
2892 COLLEGE Street, Jacksonville, FL 32205
New Riverside
- Price
- $600,000
- Beds / Baths
- 4 / 4
- Living area
- 2,828 sqft
- Year built
- 1927
- Type
- MultiFamily
- Lot
- 0.14 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 72
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.
What to check on this one
- Verify both properties (2892 College & 931 Rubel) title, deed, and financing structure—bundle purchase requirement.
- Obtain 2017 and 2020 roof inspection reports; confirm materials, warranties, and remaining useful life.
- Pull 4-point inspection and wind-mitigation report for 1927 masonry structures—required for insurance renewal.
- Confirm flood zone designation for both parcels; request elevation certificates if in AE/VE.
- Review all 20 leases, rent rolls, utility-billing setup, and tenant payment history for last 24 months.
- Inspect plumbing (likely original cast-iron or early galvanized)—scope replacement costs and current condition.
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 $480,000 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 MCADOO MULTIFAMILY ADVISORS LLC. Data via realMLS (Northeast Florida MLS), updated Jul 23, 2026, 3:00 PM.
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