$795,000
1628 WALNUT Street
Jacksonville, FL 32206
MLS# 2134385
9 baths
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Property Description
Stellar investment near DT Jax! Fully occupied and turn key. This beautiful 5 unit fully renovated building offers an incredible opportunity to invest in the highly desirable and upwardly mobile Springfield neighborhood. The classic Colonial architecture of 1909 provides attractive curb appeal that is in much demand to potential renters. Both the interior and exterior have recently (2025) undergone an extensive restoration at the same time retaining the enduring style that makes this area so appealing. The building comprises of 4 fully renovated 2/2 units with a huge 1/1 encompassing the entire 3rd floor. The building is 100% occupied, with rents ranging from $1300 to $1350. All the units have been completely renovated with a modern flair and everything brand new including, flooring, kitchen, baths, plumbing, electric, appliances and more. There is air conditioned/heated hallways with communal laundry on the 1st and 2nd floors.

Details
Documents
Location, Tax, and Legal
Country: US
Parcel Number: 0723010000
Tax Annual Amount: 10155.69
Tax Year: 2025
Tax Legal Description: 2-4 37-2S-26E .105 SPRINGFIELD N 19.8FT LOT 12 S 2
Zoning Description: Commercial/Residential/Office
General Property Information
Lot Size Acres: 0.12
Number Of Units Total: 5
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: Take Main Street North, headed away from Downtown Jacksonville, take a right on East 4th Street. Drive three blocks to Walnut and take a right.
Public Remarks: Stellar investment near DT Jax! Fully occupied and turn key. This beautiful 5 unit fully renovated building offers an incredible opportunity to invest in the highly desirable and upwardly mobile Springfield neighborhood. The classic Colonial architecture of 1909 provides attractive curb appeal that is in much demand to potential renters. Both the interior and exterior have recently (2025) undergone an extensive restoration at the same time retaining the enduring style that makes this area so appealing. The building comprises of 4 fully renovated 2/2 units with a huge 1/1 encompassing the entire 3rd floor. The building is 100% occupied, with rents ranging from $1300 to $1350. All the units have been completely renovated with a modern flair and everything brand new including, flooring, kitchen, baths, plumbing, electric, appliances and more. There is air conditioned/heated hallways with communal laundry on the 1st and 2nd floors.
Accessibility Features YN: No
Building Area Total: 3832
Stories Total: 3
Building Area Source: Appraiser
Land Lease YN: No
List Price/SqFt: 207.46
Bathrooms Total: 9
Year Built: 1909
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Wall Unit(s): 1
Current Use
Multi-Family: 1
Residential: 1
Flooring
Vinyl: 1
Heating
Central: 1
Electric: 1
Income and Expenses
Gross Income: 85020
Insurance Expense: 8328
Net Operating Income: 55115
Total Actual Rent: 6625
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Historic Area: 1
Owner Pays
Exterior Maintenance: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Repairs: 1
Taxes: 1
Parking Features
Additional Parking: 1
Off Street: 1
On Street: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Alley: 1
City Street: 1
Roof
Metal: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Firewall(s): 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Sewer: 1
Water: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 15600
Unit SqFt: 800
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: First floor
Unit 2 Details
Unit ID: 2
Annual Rent: 15900
Unit SqFt: 800
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: First floor
Unit 3 Details
Unit ID: 3
Annual Rent: 16200
Unit SqFt: 800
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Second Floor
Unit 4 Details
Unit ID: 4
Annual Rent: 16200
Unit SqFt: 800
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Second Floor
Unit 5 Details
Unit ID: 5
Annual Rent: 15600
Unit SqFt: 800
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Third floor
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Building Features
Laundry: 1
Rear Access: 1
Storage: 1
Business Type
Residential: 1
Green Energy
Ownership: Seller Owned
Location
City: 1
Operating Expense Includes
Gardener: 1
Insurance: 1
Maintenance: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $795,000
List Price: $795,000
Status: Active
Listing Contract Date: 2026-03-11
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1628
Street Name: WALNUT
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 072-Springfield
Status Change Information
Major Change Timestamp: 2026-08-07T18:04:25Z
Major Change Type: Back on Market
Property Features
Building Features: Laundry; Rear Access; Storage
Business Type: Residential
Cooling: Ceiling Fan(s); Central Air; Electric; Wall Unit(s)
Current Use: Multi-Family; Residential
Flooring: Vinyl
Heating: Central; Electric
Listing Terms: Cash; Conventional
Lot Features: Historic Area
Operating Expense Includes: Gardener; Insurance; Maintenance
Owner Pays: Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Repairs; Taxes
Parking Features: Additional Parking; Off Street; On Street; Unassigned
Possession: Close Of Escrow
Road Frontage Type: Alley; City Street
Roof: Metal
Sale Includes: Building & Land
Security Features: Fire Alarm; Fire Sprinkler System; Firewall(s)
Sewer: Public Sewer
Tenant Pays: Electricity; Sewer; Water
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Supplements
1628 Walnut is located within the vibrant community of Springfield just 1 mile north of downtown and amidst the active social scene of the area. Property being offered by owner/agent.
Listing Office: COMPASS FLORIDA LLC
Source MLS Verified

Last Updated: August - 07 - 2026

Information deemed reliable but not guaranteed.

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