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315 15th Ave N 21 Unit Apartment Building $1,695,000 ($80,714/Unit) Jacksonville Beach, FL 32250
Investment Highlights
- Rare 6-unit beach compound just steps from the sand
- Prime Jacksonville Beach location with walkable lifestyle appeal
- Flexible unit mix (1BR + 2BR) to maximize multiple income strategies
- Two-building courtyard layout ideal for boutique rental concept
- Strong upside through renovation and short-term rental potential
- Value-add opportunity with major improvements already completed (roof, windows, electrical)
Executive Summary
A seldom-available Jacksonville Beach compound, 315 15th Ave N offers six residential units across two buildings wrapped around a private courtyard—an ideal setup for creating a charming coastal retreat with multiple income streams. With four 1-bedroom units and two 2-bedroom units, the property is perfectly suited for an investor seeking scale, flexibility, and future upside in one of Northeast Florida’s most desirable beach communities. Just minutes from the sand, dining, shopping, and the vibrant Jacksonville Beach scene, this is the kind of asset that can be transformed into a true gem. While the property needs substantial renovation to unlock its full nightly-rate potential, the location, layout, and character create an exceptional foundation for a high-performing beach rental portfolio.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$28.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,000
|
$2.89
|
| Effective Gross Income |
$108,000
|
$26.01
|
| Taxes |
$15,990
|
$3.85
|
| Operating Expenses |
$6,000
|
$1.45
|
| Total Expenses |
$21,990
|
$5.30
|
| Net Operating Income |
$86,010
|
$20.72
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $28.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $2.89 |
| Effective Gross Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $26.01 |
| Taxes | |
|---|---|
| Annual | $15,990 |
| Annual Per SF | $3.85 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $21,990 |
| Annual Per SF | $5.30 |
| Net Operating Income | |
|---|---|
| Annual | $86,010 |
| Annual Per SF | $20.72 |
Property Facts
| Price | $1,695,000 | Building Class | C |
| Price Per Unit | $80,714 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,152 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 50% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | ||
| Zoning | JC-1 - Currently zoned JC-1 in Jacksonville Beach Commercial | ||
| Price | $1,695,000 |
| Price Per Unit | $80,714 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,152 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | JC-1 - Currently zoned JC-1 in Jacksonville Beach Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,000 | 500 |
| 1+1 | 2 | $1,000 | 500 |
| 1+1 | 3 | $1,000 | 500 |
| 1+1 | 4 | $1,000 | 500 |
| 2+1 | 5 | $1,500 | 880 |
| 2+1 | 6 | $1,500 | 880 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 174735-0000 | Total Assessment | $769,109 |
| Land Assessment | $0 | Annual Taxes | $15,990 ($3.85/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Number
174735-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$769,109
Annual Taxes
$15,990 ($3.85/SF)
Tax Year
2026
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315 15th Ave N
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