115 2ND Street, Jacksonville, FL 32206

Springfield

$1,750,000
$267/sq ft
Active
6 Beds
8.5 Baths
6,560 Sq Ft
0.15 Acres
1906 Year Built

About This Home

A rare chance to acquire an irreplaceable 5-unit executive housing asset in the heart of Historic Springfield. Stabilized or repositioned, the numbers work either way. The building delivers four oversized 1BR/1.5BA residences (~1,100 SF each) and a true 2,288 SF penthouse occupying the entire third floor with 2 bedrooms, 2.5 baths, and sweeping views of Klutho Park and the downtown Jacksonville skyline. All five units feature in-unit laundry, which is a meaningful competitive advantage in this submarket. Pro forma gross income of $192,000 annually supports a projected ~8% cap rate at the asking price, based on executive lease rates of $2,750/month for the flats and $5,000/month for the penthouse. Current rents reflect an owner-occupied and partially furnished operation; two furnished units and the penthouse offer immediate repositioning upside. Delivery terms are negotiable. The rear yard amenity package, outdoor tiki bar, hot tub, sauna, and courtyard gathering space, creates a

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Location

Property location map

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Features & Amenities

Interior Features

  • Flooring: Laminate, Wood

Exterior Features

  • Balcony
  • Courtyard
  • Fire Pit
  • Outdoor Kitchen
  • Historic Area
  • On Street
  • Back Yard
  • Privacy

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Property Details

Property Type: Multi Family
Year Built: 1906
Lot Size: 0.15 Acres (6,534 sq ft)
Stories: 3
Property Tax (2025): $14,968/year
Flooring: Laminate, Wood
MLS #: 2128600
Utilities: Sewer Connected, Water Connected

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