816 - 818 BAY Street
Green Cove Springs, FL 32043
MLS# 2171712
6 beds | 4 baths | 2668 sqft
Property DescriptionTURNKEY INVESTMENT OPPORTUNITY IN GROWING GREEN COVE SPRINGS! Don't miss this opportunity to own a newer-construction, income-producing duplex in one of Northeast Florida's growing communities! Built in 2018, this well-maintained property features two spacious units, each offering 3 bedrooms, 2 full bathrooms, and a private 1-car garage. Both units are fully leased, generating $39,600 in annual gross rental income, providing investors with immediate cash flow from day one! Located in the heart of Green Cove Springs, this property is positioned to benefit from the continued residential and commercial growth throughout Clay County. The area's expanding housing developments, improving transportation infrastructure, and proximity to Jacksonville make Green Cove Springs an attractive location for residents seeking affordability, convenience, and small-town charm.
Number Of Buildings: 1
Number Of Units Total: 2
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2048
Living Area Source: Public Records
Building Area Total: 2668
Accessibility Features YN: No
New Construction YN: No
Year Built: 2018
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Parking Total: 3
Lot Size Acres: 0.22
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
Stories: 1
Senior Community YN: No
Directions: One block off Ferris Street. Close to Hwy 17.
Public Remarks: TURNKEY INVESTMENT OPPORTUNITY IN GROWING GREEN COVE SPRINGS! Don't miss this opportunity to own a newer-construction, income-producing duplex in one of Northeast Florida's growing communities! Built in 2018, this well-maintained property features two spacious units, each offering 3 bedrooms, 2 full bathrooms, and a private 1-car garage. Both units are fully leased, generating $39,600 in annual gross rental income, providing investors with immediate cash flow from day one! Located in the heart of Green Cove Springs, this property is positioned to benefit from the continued residential and commercial growth throughout Clay County. The area's expanding housing developments, improving transportation infrastructure, and proximity to Jacksonville make Green Cove Springs an attractive location for residents seeking affordability, convenience, and small-town charm.
Property Attached YN: Yes
yn11: No
Unit ID: 1
Actual Rent: 19800
Unit SqFt: 1024
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit ID: 2
Actual Rent: 19800
Unit SqFt: 1024
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Current Price: $460,000
List Price: $460,000
Status: Active
Listing Contract Date: 2026-10-30
Property Sub Type: Duplex
Street Number: 816 - 818
Street Name: BAY
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32043
Subdivision Name: Green Cove
MLS Area Major: 161-Green Cove Springs
Major Change Timestamp: 2026-10-31T02:31:35Z
Major Change Type: New Listing
Current Use: Multi-Family
Financial Data Source: Owner
Listing Terms: Cash; Conventional
Owner Pays: Insurance; Taxes
Parking Features: Detached; Garage
Possession: Close Of Escrow
Utilities: Electricity Connected
Residents enjoy convenient access to historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping, restaurants, and major transportation corridors, including US Highway 17 and the developing First Coast Expressway. With its modern construction, desirable three-bedroom floor plans, attached garages, and established rental income, this duplex offers an appealing combination of immediate income and long-term investment potential. The property's relatively recent construction may also help reduce near-term capital improvement requirements compared to older rental properties. Whether you're expanding an existing rental portfolio or purchasing your first investment property, this fully occupied duplex offers an excellent opportunity to invest in the future of Green Cove Springs!
Listing Office: NORTH FLORIDA REALTY ADVISORS
Last Updated: October - 31 - 2026
Information deemed reliable but not guaranteed.
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