806 OAK Street, Green Cove Springs, FL 32043
Clay County
Key Facts
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. 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2021
Stories
2
Living Area
18,437 sq ft
Lot Size
1.30 acres
Days on Market
24
MLS® Listing#
2125520
Property Features
Parking
Lot Features
Roof
Utilities
Financial Details
HOA
None
Annual Taxes
$41,491
Tax year 2025
Parcel Number
38062601699900100
Directions
From Hwy 17 S., turn right onto Oak St. The property is located on your right.
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Green Cove Springs, FL
- $359,274
- Median Listing Price
- 87
- Median Days on Market
- 1,604
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 3,523
- Active Listings
- This home’s price is 791% above the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Green Cove Springs, FL.
Location
Points of Interest in Green Cove Springs, FL
Showing the Green Cove Springs area map.
Nearby Schools
Clay County Athletics
School · 0.2 mi away
Oakleaf High School
Secondary · 0.3 mi away
Green Cove Springs Junior High
Secondary · 0.4 mi away
Amikids Clay County
Secondary · 0.6 mi away
Bannerman Learning Center
School · 0.7 mi away
Charles E. Bennett Elementary School
Elementary · 0.9 mi away
Clay High School
Secondary · 1.8 mi away
Congregational Holiness Church
School · 2.0 mi away
Acton School
School · 3.6 mi away
Switzerland Point Middle School
Secondary · 5.6 mi away
St Johns Grammar School
School · 5.6 mi away
Hickory Creek Elementary School
Elementary · 5.7 mi away
Bartram Trail High School
Secondary · 5.9 mi away
Thunderbolt Elementary School
Elementary · 7.0 mi away
Primrose Schools
Elementary · 7.0 mi away
Fleming Island High School
Secondary · 7.0 mi away
Cunningham Creek Elementary School
Elementary · 7.3 mi away
Paterson Elementary School
Elementary · 7.8 mi away
Goddard School
School · 8.0 mi away
Shadowlawn Elementary School
Elementary · 8.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 200 Topanga Drive, Bonita Springs, FL | $2,249,999 | 4 | 4 | 4,060 |
| 11676 NW 45th Street, Coral Springs, FL | $2,250,000 | 16 | 16 | 8,154 |
| 11676 NW 45th Street, Coral Springs, FL | $2,250,000 | — | — | 8,154 |
| 11676 NW 45th Street 1-8, Coral Springs, FL | $2,250,000 | — | — | 8,154 |
| 267 Barefoot Beach Boulevard 305, Bonita Springs, FL | $2,295,000 | 3 | 2 | 1,726 |
| 2861 ROEHAMPTON CLOSE, TARPON SPRINGS, FL | $2,299,000 | 6 | 5 | 5,767 |
Moving Cost Estimate
EXIT Agents in Green Cove Springs
Listing Courtesy: NORTH FLORIDA REALTY ADVISORS - 9042067653
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