$590,000
2016 DELLWOOD Avenue, Jacksonville, FL 32204, Jacksonville, FL 32204
Riverside
- Price
- $590,000
- Beds / Baths
- 8 / 5
- Living area
- 3,812 sqft
- Year built
- 1917
- Type
- MultiFamily
- Lot
- 0.14 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 48
Riverside 4-plex with approximately $50K of identified capex, priced accordingly. Investment opportunity in Jacksonville's Riverside neighborhood, ideally located next to Riverside Park. This 4-unit multifamily property is being offered at $590,000 and provides investors with the opportunity to acquire a well-positioned asset in one of Jacksonville's most desirable rental markets. The property benefits from immediate proximity to Riverside Park, as well as nearby dining, shopping, entertainment, and major employment centers. Excellent opportunity for investors seeking a centrally located multifamily asset with strong long-term rental demand and upside potential. SF listed is approximate.
What to check on this one
- Verify actual flood zone via FEMA map; get elevation certificate if AE/VE.
- Order 4-point inspection—1917 roof likely uninsurable; confirm age and coverage.
- Document $50K capex scope in writing; get contractor estimates for each item.
- Title search for liens, code violations, or unpermitted work on all 4 units.
- Confirm current rent roll, lease terms, and tenant payment history per unit.
- Inspect plumbing era (likely cast-iron); budget for replacement if failing.
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 $472,000 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 THE MULTIFAMILY ADVISORS. Data via realMLS (Northeast Florida MLS), updated Aug 12, 2026, 3:48 PM.
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