123 18TH Avenue N, Jacksonville Beach, FL 32250 (MLS# 2121786)

123 18TH Avenue N, Jacksonville Beach, FL 32250

$1,675,000
Property Type: Residential Income Bedrooms: 9 Baths: 8 Square Footage: 4,700 Lot Size (sq. ft.): 6,534 Status: Active Under Contract
Current Price: $1,675,000 List Date: 12/16/2025 Last Modified: 4/23/2026

Overview

Description

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.

Listing Details MLS# 2121786

General Property Information

Number Of Units Total
5
Bedrooms Total
9
Bathrooms Total
8
Bathrooms Full
8
Living Area
4700
Accessibility Features YN
No
New Construction YN
No
Year Built
1937
Garage YN
No
Carport YN
No
Lot Size Acres
0.15
CDD Fee YN
No
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
North on Third St, right on 18th Ave N, pass Second St. Property is the on the North side in between 2nd and 1st St.
Public Remarks
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.
List Price/SqFt
356.38
Bathrooms Half
0

Property Features

Cooling: Wall/Window Unit(s) Current Use: Multi-Family; Residential Heating: Other Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Off Street Possession: Close Of Escrow Tenant Pays: All Utilities Utilities: Sewer Connected; Water Available Water Source: Public Contingency Reason: Inspection

Contract Information

Listing Contract Date
2025-12-10
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
123
Street Name
18TH
Street Suffix
Avenue
Street Direction Suffix
N
County
Duval
State
FL
Postal Code
32250
Subdivision Name
Jacksonville Beach
MLS Area Major
211-Jacksonville Beach-NE

Status Change Information

Major Change Timestamp
2026-04-09T14:35:46Z
Major Change Type
Status Change
Price Change Timestamp
2026-04-04T13:19:23Z
Contingency
Active Under Contract
Contingent Date
2026-04-08

Currently Not Used

Property Attached YN
No
yn11
No
Accessory Dwelling Unit Y/N
No

More Information

Unit 1 Details

Unit ID
A
Actual Rent
4400
Unit SqFt
1788
Full Baths Total
3
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 2 Details

Unit ID
B
Actual Rent
1875
Unit SqFt
672
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 3 Details

Unit ID
C
Actual Rent
1775
Unit SqFt
560
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 4 Details

Unit ID
D
Actual Rent
1860
Unit SqFt
560
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 5 Details

Unit ID
E
Actual Rent
2185
Unit SqFt
1120
Full Baths Total
2
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Location, Tax, and Legal

Country
US
Parcel Number
1749340000
Tax Annual Amount
16968.38
Tax Year
2025
Tax Legal Description
15-54 28-2S-29E JACKSONVILLE BEACH TERRACE LOT 14

Cooling

Wall/Window Unit(s)
Yes

Current Use

Multi-Family
Yes
Residential
Yes

Heating

Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Other
Yes

Parking Features

Off Street
Yes

Possession

Close Of Escrow
Yes

Tenant Pays

All Utilities
Yes

Utilities

Sewer Connected
Yes
Water Available
Yes

Water Source

Public
Yes

Contingency Reason

Inspection
Yes
Listing Office: KST GROUP LLC
Source MLS Verified
Last Updated: April - 23 - 2026
Information deemed reliable but not guaranteed.