$500,000
1204 CHERRY Street, Jacksonville, FL 32205, Jacksonville, FL 32205
New Riverside
- Price
- $500,000
- Beds / Baths
- 8 / 4
- Living area
- 3,298 sqft
- Year built
- 1946
- Type
- MultiFamily
- Lot
- 0.21 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 22
Rare investment opportunity with 2 duplexes on a single parcel (4 total units 1204/1206 Cherry St and 2858/2860 Olga Pl) featuring permitted roofs (2021 & 2016) and window A/C units. Fully occupied with strong rental history. Professionally managed, with 3 months of free management for the new owner. Can be purchased individually or as part of a larger portfolio including 2501 Myra St Triplex, 1717 Lindsey Rd - 9 units offering investors multiple income streams and long-term growth potential in a highly desirable rental market. Do not disturb the tenants in the other units. Rents: 1204 Cherry- $1085, 1206 Cherry - $1050, 2858 olga - $1045, 2860 Olga - $1145. No Sub, no seller finance
What to check on this one
- Verify flood zone designation and obtain elevation certificate if in AE/VE
- Confirm 2021 and 2016 roof permits are legitimate; inspect for storm damage
- Request 4-point inspection given 1946 construction age
- Review cast-iron plumbing condition; replace likely needed pre-1975 pipes
- Obtain last 2 years rent rolls, lease terms, tenant payment history
- Inspect window A/C units for age, capacity, and maintenance records
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 $400,000 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 THIRDSTONE PROPERTIES LLC. Data via realMLS (Northeast Florida MLS), updated Aug 11, 2026, 9:33 PM.
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