822 1ST Street 822-824, Neptune Beach, FL 32266 (MLS# 2121790)

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

$1,950,000
Property Type: Residential Income Bedrooms: 7 Baths: 5 Square Footage: 3,920 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $1,950,000 List Date: 12/16/2025 Last Modified: 3/04/2026

Overview

Description

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.

Listing Details MLS# 2121790

General Property Information

Number Of Buildings
2
Number Of Units Total
5
Bedrooms Total
7
Bathrooms Total
5
Bathrooms Full
5
Living Area
3920
Accessibility Features YN
No
New Construction YN
No
Year Built
1941
Garage YN
Yes
Garage Spaces
5
Carport YN
No
Lot Size Acres
0.2
CDD Fee YN
No
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
North on Third Street, right onto Pine Street. Left onto First Street.
Public Remarks
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.
List Price/SqFt
535.71
Sold Price/SqFt
497.45
Bathrooms Half
0

Property Features

Cooling: Separate Meters; Wall/Window Unit(s) Current Use: Residential Heating: None Income Includes: Laundry; Parking; Storage Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Off Street Possession: Close Of Escrow Tenant Pays: All Utilities Utilities: Electricity Available; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Available

Contract Information

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

Location Tax and Legal

Street Number
822
Street Name
1ST
Street Suffix
Street
County
Duval
State
FL
Postal Code
32266
Subdivision Name
Neptune
MLS Area Major
221-Neptune Beach-East

Status Change Information

Major Change Timestamp
2026-03-04T21:15:35Z
Major Change Type
Status Change
Purchase Contract Date
2026-02-01
Close Date
2026-03-04
Close Price
1950000

Currently Not Used

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

More Information

Unit 1 Details

Unit ID
822
Actual Rent
2935
Unit SqFt
1143
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 2 Details

Unit ID
824
Actual Rent
3040
Unit SqFt
1143
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 3 Details

Unit ID
818
Actual Rent
2000
Unit SqFt
462
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 4 Details

Unit ID
820
Actual Rent
2920
Unit SqFt
902
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Unit 5 Details

Unit ID
822.5
Actual Rent
1200
Unit SqFt
270
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Off Street Parking

Location, Tax, and Legal

Unit Number
822-824
Country
US
Parcel Number
1728220000
Tax Annual Amount
19560.25
Tax Year
2025
Tax Legal Description
15-46 21-2S-29E BRUMMERS S/D OF E 100FT BLK 36 R/P

Cooling

Separate Meters
Yes
Wall/Window Unit(s)
Yes

Current Use

Residential
Yes

Heating

None
Yes

Income Includes

Laundry
Yes
Parking
Yes
Storage
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

Electricity Available
Yes
Separate Electric Meters
Yes
Separate Water Meters
Yes
Sewer Connected
Yes
Water Available
Yes
Listing Office: KST GROUP LLC
Source MLS Verified
Last Updated: March - 04 - 2026
Information deemed reliable but not guaranteed.