$89,900
1556 UNION Street W, Jacksonville, FL 32209, Jacksonville, FL 32209
Smiths Allotment
- Price
- $89,900
- Beds / Baths
- 2 / 1
- Living area
- 729 sqft
- Year built
- 1923
- Type
- Residential
- Lot
- 0.08 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 61
$123/sqft asking, vs a $109/sqft median across 689 closed sales in 32209 over the last 12 months — 13% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Investor Opportunity in Jacksonville's Revitalizing Paxon Community!** This 2-bedroom, 1-bath investment property is currently income-producing with a long-term tenant in place, whose lease expires at the end of the year. Continue collecting rental income while planning your next move, or renovate and unlock the property's full potential. The home is in need of some TLC, making it an excellent value-add opportunity for investors or rehabbers. Surrounded by exciting redevelopment, with newly constructed homes next door and across the street, this area is experiencing continued revitalization. Whether you choose to renovate, reposition, or maintain it as a rental, this property offers flexibility and long-term upside.
What to check on this one
- Verify roof age and condition; 1923 home likely needs inspection before purchase.
- Order 4-point inspection and wind-mitigation report—required for insurance on pre-1980 homes.
- Confirm flood zone via FEMA map; 'unknown' must be resolved before closing.
- Request plumbing material type; cast-iron or galvanized common in 1923—replacement costs substantial.
- Verify tenant lease terms, expiration date, and rent amount in writing.
- Get Phase I environmental assessment given age and prior land uses in area.
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 $71,920 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 UNITED REAL ESTATE GALLERY. Data via realMLS (Northeast Florida MLS), updated Jul 11, 2026, 5:38 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.