Property Type:
Commercial Sale
Baths:
30
Square Footage:
18,437
Lot Size (sq. ft.):
56,628
Status:
Active
Current Price:
$2,950,000
List Date:
1/16/2026
Last Modified:
10/19/2026
Overview
Description
Investment Opportunity - Newer Construction Multifamily in Growth Corridor
806 Oak St presents a rare opportunity to acquire a modern, income-producing multifamily asset in the heart of Green Cove Springs, FL. Built in 2021, this well-designed apartment complex consists of 17 total units with a strong and diverse unit mix:
Four (4) 3BR / 2BA units
Nine (9) 2BR + office / 2BA units
Four (4) 2BR / 1BA units
The property was constructed with a focus on energy efficiency, including foam insulation in the attic, helping reduce operating costs while enhancing tenant comfort.
The site is approved for eight (8) single-car garages, offering a clear path for additional income upside through future development. An appraisal is on file, providing added confidence for investors and lenders.
Supplements:
Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand.
Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga
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Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand.
Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga of the South." Known for its natural warm mineral springs, St. Johns River access, parks, and small-town charm, the area offers a unique lifestyle with easy connectivity to Jacksonvillemaking it attractive to both long-term residents and commuters.
At full occupancy, the property offers a projected gross income of approximately $340,000, with further upside through garage rentals and continued market rent growth.
Ideal for investors seeking newer construction, stable cash flow, and long-term appreciation in a rapidly growing North Florida submarket.