123 18TH Avenue N
Jacksonville Beach, FL 32250
MLS# 2121786
Status:
Closed9 beds | 8 baths
Property DescriptionFully occupied 5-unit multifamily investment just one block from the beach at 123 18th Ave N in Jacksonville Beach. This stabilized coastal asset generates $12,095 per month in gross rental income with all units currently leased. The property features an attractive unit mix consisting of one 4BR/3BA unit, one 2BR/2BA unit, and three 1BR/1BA units, appealing to a broad tenant base and supporting strong rental demand. Prime walkable location near the ocean, dining, shopping, and entertainment in one of Northeast Florida's most desirable beach communities. Limited multifamily supply near the beach enhances long-term appreciation potential. Ideal for investors seeking immediate cash flow with future upside in a premier Jacksonville Beach location.
Number Of Units Total: 5
Bedrooms Total: 9
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 4700
Accessibility Features YN: No
New Construction YN: No
Year Built: 1937
Garage YN: No
Carport YN: No
Lot Size Acres: 0.15
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: North on Third St, right on 18th Ave N, pass Second St. Property is the on the North side in between 2nd and 1st St.
Public Remarks: Fully occupied 5-unit multifamily investment just one block from the beach at 123 18th Ave N in Jacksonville Beach. This stabilized coastal asset generates $12,095 per month in gross rental income with all units currently leased. The property features an attractive unit mix consisting of one 4BR/3BA unit, one 2BR/2BA unit, and three 1BR/1BA units, appealing to a broad tenant base and supporting strong rental demand. Prime walkable location near the ocean, dining, shopping, and entertainment in one of Northeast Florida's most desirable beach communities. Limited multifamily supply near the beach enhances long-term appreciation potential. Ideal for investors seeking immediate cash flow with future upside in a premier Jacksonville Beach location.
List Price/SqFt: 356.38
Property Attached YN: No
yn11: No
Unit ID: A
Actual Rent: 4400
Unit SqFt: 1788
Beds Total: 4
Full Baths Total: 3
Furnished: Unfurnished
Unit Remarks: Off Street Parking
Unit ID: B
Actual Rent: 1875
Unit SqFt: 672
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Off Street Parking
Unit ID: C
Actual Rent: 1775
Unit SqFt: 560
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Off Street Parking
Unit ID: D
Actual Rent: 1860
Unit SqFt: 560
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Off Street Parking
Unit ID: E
Actual Rent: 2185
Unit SqFt: 1120
Beds Total: 2
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Off Street Parking
Current Price: $1,400,000
Sold Price: $1,400,000
Status: Closed
Listing Contract Date: 2025-12-10
Property Sub Type: Multi Family
Street Number: 123
Street Name: 18TH
Street Suffix: Avenue
Street Direction Suffix: N
Postal Code: 32250
Subdivision Name: Jacksonville Beach
MLS Area Major: 211-Jacksonville Beach-NE
Major Change Timestamp: 2026-05-27T13:10:20Z
Major Change Type: Status Change
Price Change Timestamp: 2026-04-04T13:19:23Z
Purchase Contract Date: 2026-05-08
Close Date: 2026-05-27
Close Price: 1400000
Cooling: Wall/Window Unit(s)
Current Use: Multi-Family; Residential
Listing Terms: Cash; Conventional
Parking Features: Off Street
Possession: Close Of Escrow
Tenant Pays: All Utilities
Utilities: Sewer Connected; Water Available
Contingency Reason: Inspection
Listing Office: KST GROUP LLC
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
5613070671
