Fully occupied 5-unit multifamily investment just one block from the beach at 123 18th Ave N in Jacksonville Beach. This stabilized coastal asset generates $12,095 per month in gross rental income with all units currently leased. The property features an attractive unit mix consisting of one 4BR/3BA unit, one 2BR/2BA unit, and three 1BR/1BA units, appealing to a broad tenant base and supporting strong rental demand. Prime walkable location near the ocean, dining, shopping, and entertainment in one of Northeast Florida's most desirable beach communities. Limited multifamily supply near the beach enhances long-term appreciation potential. Ideal for investors seeking immediate cash flow with future upside in a premier Jacksonville Beach location.
Closed
$1,400,000
123 18TH Avenue N, Jacksonville Beach, FL 32250
9beds
4,700sqft
Multi Family
Built in 1937
-- sqft lot
$1,532,100 Zestimate®
$298/sqft
$2,498 Estimated rent
Home value
$1,532,100
$1.46M - $1.61M
$2,498/mo
Zestimate® history
Owner options
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$2,498/mo
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$2,498/mo
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$9,571/mo
Est. payment
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$9,571/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
GRIFFIN RAPP 561-889-6393,
KST GROUP LLC 561-307-0671
Bought with:
CONNOR HAMMOND, 3544268
COMPASS FLORIDA LLC
Source: realMLS,MLS#: 2121786
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Other
Cooling
- Wall/Window Unit(s)
Interior area
- Total interior livable area: 4,700 sqft
Property
Parking
- Parking features: Off Street
Lot
- Size: 6,534 Square Feet
- Features: Other
Details
- Parcel number: 1749340000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected, Water Available
Community & HOA
Community
- Subdivision: Jacksonville Beach
Location
- Region: Jacksonville Beach
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $961,474
- Annual tax amount: $16,968
- Date on market: 12/16/2025
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $1,400,000-16.4%$298/sqft |
Source:  realMLS #2121786 Report a problem | ||
| 4/4/2026 | Price change | $1,675,000-4.3%$356/sqft |
Source: realMLS #2121786 Report a problem | ||
| 4/1/2026 | Listing removed | $2,195 |
Source: Zillow Rentals Report a problem | ||
| 3/31/2026 | Listed for rent | $2,195+51.4% |
Source: Zillow Rentals Report a problem | ||
| 3/23/2026 | Price change | $1,750,000-5.4%$372/sqft |
Source: realMLS #2121786 Report a problem | ||
| 12/16/2025 | Listed for sale | $1,850,000+161.3%$394/sqft |
Source: realMLS #2121786 Report a problem | ||
| 12/4/2020 | Listing removed | $1,450 |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 12/2/2020 | Price change | $1,450+11.5% |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 11/1/2020 | Listed for rent | $1,300 |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 8/11/2020 | Listing removed | $1,300 |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 8/4/2020 | Price change | $1,300-3.7% |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 7/19/2020 | Listed for rent | $1,350 |
Source: Spencer Casey Holdings, LLC Report a problem | ||
| 2/23/2018 | Sold | $708,000-5.5%$151/sqft |
Source: realMLS #904930 Report a problem | ||
| 2/12/2018 | Pending sale | $749,000$159/sqft |
Source: Jacksonville Beach #904930 Report a problem | ||
| 12/26/2017 | Listed for sale | $749,000$159/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC PARTNERS #904930 Report a problem | ||
| 12/26/2017 | Pending sale | $749,000$159/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC PARTNERS #904930 Report a problem | ||
| 12/26/2017 | Listed for sale | $749,000+5.8%$159/sqft |
Source: KELLER WILLIAMS REALTY ATLANTIC PARTNERS #904930 Report a problem | ||
| 10/14/2017 | Sold | $708,000+38.8%$151/sqft |
Source: Agent Provided Report a problem | ||
| 3/1/2004 | Sold | $510,000$109/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $15,860 +8.8% | $798,418 +10% |
| 2023 | $14,571 +21.4% | $725,835 +10% |
| 2022 | $12,003 +9.9% | $659,850 +10% |
| 2021 | $10,920 +0.7% | $599,864 +1.2% |
| 2020 | $10,849 +0.4% | $592,463 +1.8% |
| 2019 | $10,807 +1.4% | $581,991 +3.8% |
| 2018 | $10,655 | $560,437 +6.4% |
| 2017 | $10,655 +9.2% | $526,963 +12.1% |
| 2016 | $9,761 +9.9% | $470,108 +11.6% |
| 2015 | $8,879 +8.2% | $421,066 +1.3% |
| 2014 | $8,210 | $415,680 +10.3% |
| 2013 | -- | $376,932 -2.4% |
| 2012 | -- | $386,174 -2.3% |
| 2011 | -- | $395,303 -6.3% |
| 2010 | -- | $421,928 -18.2% |
| 2009 | -- | $515,772 +0.7% |
| 2006 | -- | $512,023 +4.5% |
| 2005 | $9,408 | $490,198 +36.8% |
| 2004 | -- | $358,352 +3% |
| 2003 | $2,453 | $347,888 +2.1% |
| 2002 | -- | $340,635 +1.1% |
| 2001 | -- | $336,880 +28.6% |
| 2000 | -- | $261,860 +79.2% |
| 1999 | -- | $146,100 |
Find assessor info on the county website
Neighborhood: 32250
Nearby homes
- $--4 bd3 ba2.2k sqft123 18th Ave N #11314621, Jacksonville Beach, FL 32250Off Market
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- $--1 bd1 ba600 sqft123 18th Ave N APT D, Jacksonville Beach, FL 32250Off Market
- $--2 bd2 ba950 sqft123 18th Ave N APT E, Jacksonville Beach, FL 32250Off Market
- $--4 bd3 ba2.2k sqft123 18th Ave N APT A, Jacksonville Beach, FL 32250Off Market
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Nearby schools
GreatSchools rating
- 10/10San Pablo Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Duncan U. Fletcher Middle SchoolGrades: 6-8Distance: 0.2 mi
- 5/10Duncan U. Fletcher High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,532,100
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Estimated market value
$1,532,100
- Florida
- Duval County
- Jacksonville Beach
- 32250
- 123 18TH Avenue N
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