324 E 7th Street

Jacksonville, FL 32206
List Price
$550,000
324 E 7th Street
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Savvy Recommended Upgrades

Furniture and Design

Est. $60,000

Garage Conversion

Est. $50,000

kitchens/bathrooms x5 units

Est. $100,000

hot tub/concrete slab

Est. $7,000

Other

Est. $30,000

About This Property

Built in 1909 and rich with timeless charm and elegance, this distinctive multi-family property in Historic Springfield offers exceptional flexibility and investment potential. The main residence is a classic quadplex, complemented by two additional homes at the rear of the property bringing the total to six rentable units. Architectural details abound, including a welcoming screened front porch, a screened sleeping porch on the second floor, and a bright sun porch with beautiful French windows just beyond. Each apartment in the main house features a one-bedroom, one-bath layout. The roof was replaced in 2019, and the garage apartment features a durable metal roof. Two of the units present value-add opportunities with kitchen updates needed, and one bathroom requires a sink repair or replacement. One of the rear homes has been fully renovated, adding immediate appeal.The property also includes a private alley-access driveway leading to a two-car garage, which is part of the third residential structure. Currently, one of the rear homes is tenant-occupied, providing instant rental income. Ideal as an investment property, all six units can be rented to maximize income potential. Alternatively, this versatile estate offers multiple living configurations--convert the main house into a duplex and live in the upper level while generating income from the remaining units, or create a spacious single-family compound with separate accommodations perfect for extended family, guests, or a live-in nanny.

family-friendly
romantic-getaway
pet-friendly
remote-work
urban
budget-friendly

Property Details

6
Bedrooms
6
Bathrooms
3,490
Square Feet
1909
Year Built
0.24 ac
Lot Size
Single Family
Property Type

Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

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Dashia Lo Coco
Dashia Lo Coco
Savvy STR Agent

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Dashia Lo Coco

Dashia Lo Coco

STR Investment Specialist

Jacksonville, FL

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Listing agent: HAROLD McCART, III. Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY. Information deemed reliable but not guaranteed.

Financial & Investment Disclaimer: All information on this website is for informational purposes only and is believed accurate to the best of our knowledge but is not guaranteed. Nothing constitutes financial, tax, legal, or investment advice. All investments involve risk and you may lose some or all of your capital. Projections, case studies, and examples are illustrative only and not guarantees of future results. Agents operate independently under their own brokerages. Savvy may receive affiliate or referral compensation. Intended primarily for US residents. Conduct your own due diligence and consult your own professionals. Full disclosure applies.