$2,499,000
Palatka, FL 32177
MLS# 2139917
1 / 95
Property Description
Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment. The residential portfolio consists of: 3 single-family homes 1 triplex 2 duplexes (Totaling 11 rentable units and 3,650 rentable nights annually)
Details
Maps
Documents
Contract Information
Current Price: $2,499,000
List Price: $2,499,000
Status: Active
Listing Contract Date: 2026-04-14
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 100
Street Name: PILOTHOUSE
Street Suffix: Court
County: Putnam
State: FL
Postal Code: 32177
MLS Area Major: 561-Greater Palatka
General Property Information
Number Of Units Total: 7
Building Area Total: 11839
Building Area Source: Public Records
Accessibility Features YN: No
Year Built: 2011
Lot Size Acres: 9.08
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
Senior Community YN: No
Directions: Take I-95 S (SR-9) - take exit 311 toward Palatka onto SR-207 S (State Road 207). Turn right onto S US Highway 17 (US-17 N). Turn left onto N Moseley Ave (CR-311). Turn right onto St Johns Ave. Turn left onto S Sr-19 (SR-19). Turn left onto E Pinellas St. Turn right onto Stokes Landing Rd. Turn right onto Pilothouse Ct.
Public Remarks: Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside
Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment.
The residential portfolio consists of:
3 single-family homes
1 triplex
2 duplexes
(Totaling 11 rentable units and 3,650 rentable nights annually)
List Price/SqFt: 211.08
Status Change Information
Major Change Timestamp: 2026-04-14T17:57:10Z
Major Change Type: New Listing
Building Features
# Overhead Doors: 3
% Air Conditioned or Heated: 100
Unit 1 Details
Unit ID: 100
Annual Rent: 32857
Unit SqFt: 1200
# Units (This Type): 1
Baths Total: 2
Furnished: Furnished
Unit Remarks: SFR - 2/2 - Estimated square footage
Unit 2 Details
Unit ID: 101
Annual Rent: 32857
Unit SqFt: 605
# Units (This Type): 3
Baths Total: 1
Furnished: Furnished
Unit Remarks: Triplex - 1/1 - Estimated square footage
Unit 3 Details
Unit ID: 104
Annual Rent: 32857
Unit SqFt: 1456
# Units (This Type): 3
Baths Total: 1
Furnished: Furnished
Unit Remarks: SFR - 3/2 - Estimated square footage
Unit 4 Details
Unit ID: 105
Annual Rent: 32857
Unit SqFt: 1601
# Units (This Type): 1
Baths Total: 3
Furnished: Furnished
Unit Remarks: SFR - 4/3 - Estimated square footage
Unit 5 Details
Unit ID: 106
Annual Rent: 32857
Unit SqFt: 835
# Units (This Type): 2
Baths Total: 15
Furnished: Furnished
Unit Remarks: Duplex - 2/1.5 - Estimated square footage
Unit 6 Details
Unit ID: 107
Annual Rent: 32857
Unit SqFt: 835
# Units (This Type): 2
Baths Total: 15
Furnished: Furnished
Unit Remarks: Duplex - 2/1.5 - Estimated square footage
Unit 7 Details
Unit ID: 108
Annual Rent: 36000
Unit SqFt: 5644
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: Warehouse - Estimated square footage
Property Features
Building Features: Kitchen Facilities; Laundry; Office; Private Restroom; Separate Warehouse Area
Business Type: Rental
Cooling: Ceiling Fan(s); Central Air
Current Use: Commercial; Investment; Multi-Family; Single Family; Other
Flooring: Laminate; Tile
Heating: Central
Listing Terms: Cash; Conventional
Lot Features: Cul-De-Sac
Parking Features: Assigned; Circular Driveway; Varies by Unit
Possession: Close Of Escrow
Sale Includes: Business with Lease; Business with Real Estate; Furniture, Fixtures and Equipment
Sewer: Septic Tank
Utilities: Cable Connected; Electricity Connected
Supplements
In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand.
Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55-65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings.
A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including:
Owner/operator headquarters
Equipment or fleet storage
Income-producing commercial lease
Medical, wellness, or therapy facility conversion
Assisted living / elder care concept (subject to zoning/approvals)
This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential.
Market Tailwinds - Putnam County Growth:
Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.
Pilothouse Court - Building Breakdown 
Listing Office: ENDLESS SUMMER REALTY
Last Updated: April - 15 - 2026
Information deemed reliable but not guaranteed.