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212 Oak St - Oak street triplex 2,700 SF Specialty Building Offered at $1,690,000 at a 8.58% Cap Rate in Neptune Beach, FL 32266



Investment Highlights
- 2 different building, one is a duplex the other is a single family detached house
- large lot
- great rental income, walkability to the popular downtown atlantic beach area
Executive Summary
Exceptional, fully renovated two-building triplex in one of the most desirable pockets of Neptune Beach. Just five houses from the beach and only five blocks south of the Atlantic Beach Town Center, this property offers the ultimate coastal lifestyle with unbeatable walkability to the area's best dining, shopping, and entertainment. The front building features a renovated duplex, while the rear offers a separate, stand-alone two-story home, providing flexibility for investors, owner-occupants, or multi-generational living. All units have been thoughtfully updated, making this a true turnkey, income-producing property in a location where demand remains consistently strong. With its prime proximity to the ocean, town center, and everyday conveniences, this property stands out as a rare opportunity to own a high-performing rental asset in one of the most sought-after beach communities. Ideal for long-term rentals, short-term opportunities or a live-in investment strategy.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$175,000
|
$64.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$175,000
|
$64.81
|
| Taxes |
$12,000
|
$4.44
|
| Operating Expenses |
$17,000
|
$6.30
|
| Total Expenses |
$29,000
|
$10.74
|
| Net Operating Income |
$146,000
|
$54.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $175,000 |
| Annual Per SF | $64.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $175,000 |
| Annual Per SF | $64.81 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $4.44 |
| Operating Expenses | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $6.30 |
| Total Expenses | |
|---|---|
| Annual | $29,000 |
| Annual Per SF | $10.74 |
| Net Operating Income | |
|---|---|
| Annual | $146,000 |
| Annual Per SF | $54.07 |
Property Facts
| Price | $1,690,000 | Property Type | Specialty |
| Price Per SF | $625.93 | Property Subtype | Residential Income |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.58% | Building Size | 2,700 SF |
| Sale Condition | REO Sale | No. Stories | 2 |
| Gross Rent Multiplier | 9.6 | Year Built/Renovated | 1937/2020 |
| Price | $1,690,000 |
| Price Per SF | $625.93 |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 9.6 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Building Size | 2,700 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2020 |
1 1
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 172620-0000 | Total Assessment | $751,967 (2026) |
| Land Assessment | $514,500 (2026) | Annual Taxes | $12,000 ($4.44/SF) |
| Improvements Assessment | $237,467 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
172620-0000
Land Assessment
$514,500 (2026)
Improvements Assessment
$237,467 (2026)
Total Assessment
$751,967 (2026)
Annual Taxes
$12,000 ($4.44/SF)
Tax Year
2025
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212 Oak St - Oak street triplex
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