$949,000
Fernandina Beach, FL 32034
MLS# 2134148
6 beds | 5 baths
1 / 112
Property Description
***SELLER FINANCING NEGOTIABLE*** Four-unit ocean view multifamily on Amelia Island's quiet North End -- one block from the Atlantic. Diverse unit mix: (2) 1BD/1BA ground-floor + (1) 2BD/1BA and (1) 2BD/2BA upper units. Summer lease expirations, MTM tenancy, and a vacant unit offer immediate flexibility to reposition or renovate. Projected pro forma income of ~$88,000 at market rents. Long-term rental inventory on Amelia Island is extremely limited. Tourism generated $1.2B in economic impact in 2023 (+21% since 2021), with operators reporting a near year-round visitor pattern. Median HHI in Fernandina Beach is $92,535; average island HHI is $135,075. Minutes from Main Beach Park, Salt Life Food Shack, and The Sandbar. Short drive to Historic Downtown Fernandina Beach. Mayport NAS ~27 miles. Baptist Medical Center Nassau 2.2 miles away. Coastal multifamily this close to the water rarely comes to market on Amelia Island.
Details
Maps
Contract Information
Current Price: $949,000
List Price: $949,000
Status: Active
Listing Contract Date: 2026-03-10
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 337
Street Direction Prefix: N
Street Name: FLETCHER
Street Suffix: Avenue
County: Nassau
State: FL
Postal Code: 32034
Subdivision Name: Metes & Bounds
MLS Area Major: 430-Nassau County Beaches-North
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bedrooms Total: 6
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 3164
Accessibility Features YN: No
New Construction YN: No
Year Built: 1956
Garage YN: No
Carport YN: No
Lot Size Acres: 0.11
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Directions: 200 North, Right on Atlantic, Left on Tarpon, Right on Dolphin, Left on North Fletcher - Building 2nd on Left, pink two-story quad.
Public Remarks: ***SELLER FINANCING NEGOTIABLE***
Four-unit ocean view multifamily on Amelia Island's quiet North End -- one block from the Atlantic.
Diverse unit mix: (2) 1BD/1BA ground-floor + (1) 2BD/1BA and (1) 2BD/2BA upper units. Summer lease expirations, MTM tenancy, and a vacant unit offer immediate flexibility to reposition or renovate. Projected pro forma income of ~$88,000 at market rents.
Long-term rental inventory on Amelia Island is extremely limited. Tourism generated $1.2B in economic impact in 2023 (+21% since 2021), with operators reporting a near year-round visitor pattern. Median HHI in Fernandina Beach is $92,535; average island HHI is $135,075.
Minutes from Main Beach Park, Salt Life Food Shack, and The Sandbar. Short drive to Historic Downtown Fernandina Beach. Mayport NAS ~27 miles. Baptist Medical Center Nassau 2.2 miles away.
Coastal multifamily this close to the water rarely comes to market on Amelia Island.
List Price/SqFt: 299.94
Status Change Information
Major Change Timestamp: 2026-05-10T22:49:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-10T22:49:34Z
Currently Not Used
Property Attached YN: No
yn11: No
Unit 1 Details
Unit ID: 1
Actual Rent: 1200
Unit SqFt: 600
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: expires 07/31/2026
Unit 2 Details
Unit ID: 2
Actual Rent: 1400
Unit SqFt: 600
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: MTM
Unit 3 Details
Unit ID: 3
Unit SqFt: 700
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant
Unit 4 Details
Unit ID: 4
Actual Rent: 1750
Unit SqFt: 1200
Beds Total: 2
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: expires 05/31/2026
Property Features
Appliances: Electric Oven; Electric Range; Electric Water Heater; Refrigerator
Construction Materials: Concrete
Cooling: Central Air; Wall/Window Unit(s)
Current Use: Investment; Multi-Family; Residential
Flooring: Tile; Wood
Heating: Central
Laundry Features: Common Area
Listing Terms: Cash; Conventional
Lot Features: Cleared; Few Trees
Owner Pays: Sewer; Water
Parking Features: Off Street; Parking Lot; Unassigned
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Shingle
Sewer: Public Sewer
Tenant Pays: Electricity
Utilities: Electricity Connected; Water Connected
View: Ocean
Water Source: Public
Listing Office: MCADOO MULTIFAMILY ADVISORS LLC
Last Updated: May - 10 - 2026
Information deemed reliable but not guaranteed.