$275,000
7131 NELMS Street, Jacksonville, FL 32208, Jacksonville, FL 32208
Panama Park
- Price
- $275,000
- Beds / Baths
- 3 / 2
- Living area
- 1,881 sqft
- Year built
- 1909
- Type
- Residential
- Lot
- 0.22 ac
- Garage
- 2
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 28
$146/sqft asking, vs a $116/sqft median across 744 closed sales in 32208 over the last 12 months — 26% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Investment opportunity in Jacksonville! This 1,881-square-foot property features a 3-bedroom, 2-bathroom main residence along with additional living space above the garage. The main home and garage living area are currently tenant-occupied, offering an opportunity for immediate rental income. Located at 7131 Nelms Street, the property provides investors with multiple income-producing possibilities and potential for long-term appreciation. Conveniently situated near major roadways, shopping, schools, and everyday amenities. Tenant occupancy requires advance notice for showings. Please do not disturb the tenants. Buyer to verify zoning, permitted use, square footage, rental information, and all property details.
What to check on this one
- Verify zoning allows multi-unit rental (main + garage apartment income)
- Confirm roof age and condition—117-year-old home likely needs inspection
- Get flood zone determination from FEMA map; may affect insurance/financing
- Review tenant leases, occupancy agreements, and notice requirements before closing
- Inspect plumbing (cast-iron/galvanized common in 1909); request service history
- Hire 4-point inspection for insurer quote; older homes face coverage limits
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 $220,000 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 KELLER WILLIAMS REALTY AT THE LAKES. Data via realMLS (Northeast Florida MLS), updated Aug 26, 2026, 3:07 PM.
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