720 WALNUT Street
Green Cove Springs, FL 32043
MLS# 2148996
8 beds | 4 baths
Property DescriptionHistoric Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Termite bond in place • Community front porch + picnic area • Vinyl siding • Off-street parking for 8 • 4-point inspection done (3 yrs ago, no issues) • Two heat/AC wall units per unit
Country: US
Parcel Number: 38062601742900000
Tax Annual Amount: 7836.21
Tax Year: 2025
Elementary School: Charles E. Bennett
Middle School: Green Cove Springs
High School: Clay
Tax Legal Description: PT LOT 2 & 3 BLK 42 GCS AS RECO R 4614 PG 288 4933
Lot Size Acres: 0.25
Bathrooms Half: 0
Living Area: 3368
Number Of Units Total: 4
Living Area Source: Public Records
CDD Fee YN: No
Waterfront YN: No
Direction Faces: South
Directions: Turn Right off Hwy 17 on to Walnut St, House on the Right
Public Remarks: Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Termite bond in place • Community front porch + picnic area • Vinyl siding • Off-street parking for 8 • 4-point inspection done (3 yrs ago, no issues) • Two heat/AC wall units per unit
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
List Price/SqFt: 127.52
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Accessory Dwelling Unit Y/N: No
Property Attached YN: No
Electric Dryer Hookup: 1
Washer Hookup: 1
Unit ID: 1
Actual Rent: 1000
Unit SqFt: 840
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent for approx $1000-$1150 per month
Unit ID: 2
Actual Rent: 1000
Unit SqFt: 840
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent for approx $1000-$1150 per month
Unit ID: 3
Actual Rent: 1150
Unit SqFt: 840
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent for approx $1000-$1150 per month
Unit ID: 4
Actual Rent: 1150
Unit SqFt: 840
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rent for approx $1000-$1150 per month
Current Price: $429,500
List Price: $429,500
Status: Active
Listing Contract Date: 2026-06-05
Property Sub Type: Quadruplex
Street Number: 720
Street Name: WALNUT
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32043
Subdivision Name: **verifying Subd**
MLS Area Major: 161-Green Cove Springs
Major Change Timestamp: 2026-06-05T16:55:52Z
Major Change Type: New Listing
Construction Materials: Vinyl Siding
Cooling: Wall/Window Unit(s)
Current Use: Multi-Family
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: Conventional; FHA; VA Loan
Lot Features: Historic Area
Parking Features: Off Street
Possession: Close Of Escrow
Utilities: Cable Available
" Unit 2B vacant -- new flooring & paint, ready to rent " 3 units occupied, month-to-month, below market " Historic District -- walkable to Spring Park & St.
Listing Office: COMMUNITY REALTY ASSOCIATES
Last Updated: June - 05 - 2026
Information deemed reliable but not guaranteed.
