Closed

$1,950,000

822 1ST Street #822-824, Neptune Beach, FL 32266

7beds

3,920sqft

Multi Family

Built in 1941

-- sqft lot

$1,430,500 Zestimate^®

$497/sqft

$-- Estimated rent

Home value

$1,430,500

$1.26M - $1.65M

Not available

Zestimate^® history

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$13,249/mo

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What's special

Fully occupied five-unit multifamily investment located at 822 1st Street in the heart of Neptune Beach. This property features three 2BR/1BA units and two 1BR/1BA units, all currently leased and producing $12,095 per month in gross rental income. Situated on an oversized 85' x 100' lot with 85 feet of frontage along 1st Street, the property offers strong long-term value supported by land, location, and income. Ideally located near the ocean with walkable access to dining, shopping, and local amenities in one of Northeast Florida's most desirable coastal markets. Ideal opportunity for investors seeking immediate cash flow with future upside.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Heating

None

Cooling

Separate Meters, Wall/Window Unit(s)

Interior area

Total interior livable area: 3,920 sqft

Property

Parking

Total spaces: 5
Parking features: Off Street
Garage spaces: 5

Lot

Size: 8,712 Square Feet
Features: Other

Details

Parcel number: 1728220000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1941

Utilities & green energy

Utilities for property: Electricity Available, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Available

Community & HOA

Community

Subdivision: Neptune

Location

Region: Neptune Beach

Financial & listing details

Price per square foot: $497/sqft
Tax assessed value: $718,721
Annual tax amount: $19,560
Date on market: 12/16/2025
Listing terms: Cash,Conventional
Tenant pays: All Utilities
Income includes: Laundry, Parking, Storage

Price history

Date	Event	Price
3/4/2026	Sold	$1,950,000-7.1%$497/sqft
Source: realMLS #2121790 Report a problem
3/3/2026	Pending sale	$2,100,000$536/sqft
Source: realMLS #2121790 Report a problem
12/16/2025	Listed for sale	$2,100,000+195.8%$536/sqft
Source: realMLS #2121790 Report a problem
9/19/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/14/2023	Listed for rent	$2,750$1/sqft
Source: Zillow Rentals Report a problem
5/1/2018	Sold	$710,000$181/sqft
Source: realMLS #933985 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2021	$12,499 +9.9%	$707,375 +10%
2020	$11,371 +4.7%	$643,069 +6.3%
2019	$10,858 -0.9%	$605,241 +0%
2018	$10,954	$605,237 -20.5%
2017	$10,954 -20.8%	$761,756 +6.3%
2016	$13,823 +6.4%	$716,789 +7.7%
2015	$12,996 +7.2%	$665,350 +14.7%
2014	$12,126	$580,219 +12.6%
2013	--	$515,375 -0.7%
2012	--	$519,148 -12.4%
2011	--	$592,426 -8.6%
2010	--	$648,364 -2.4%
2009	--	$664,475 +2.2%
2006	--	$650,406 +6.3%
2005	$11,126	$611,850 +28.7%
2004	--	$475,575 +10.9%
2003	$8,150	$428,950 +1.6%
2002	--	$422,150 +4.1%
2001	--	$405,450 +23.3%
2000	--	$328,825