$3,200,000
Green Cove Springs, FL 32043
MLS# 2125520
30 baths
1 / 20
Property 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.
Details
Maps
Documents
Contract Information
Current Price: $3,200,000
List Price: $3,200,000
Status: Active
Listing Contract Date: 2026-01-16
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 806
Street Name: OAK
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32043
MLS Area Major: 161-Green Cove Springs
General Property Information
Number Of Units Total: 17
Bathrooms Total: 30
Building Area Total: 18437
Building Area Source: Public Records
Year Built: 2021
Lot Size Acres: 1.3
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From Hwy 17 S., turn right onto Oak St. The property is located on your right.
Public Remarks: 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.
List Price/SqFt: 173.56
Status Change Information
Major Change Timestamp: 2026-02-09T21:31:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-09T21:31:25Z
Unit 1 Details
Unit ID: 1
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 2 Details
Unit ID: 2
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 3 Details
Unit ID: 3
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 4 Details
Unit ID: 4
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 5 Details
Unit ID: 5
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: non
Unit 6 Details
Unit ID: 6
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 7 Details
Unit ID: 7
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Unit 8 Details
Unit ID: 8
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: none
Property Features
Lot Features: Cleared
Parking Features: Unassigned
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Shingle
Sale Includes: Building & Land
Utilities: Cable Available
Supplements
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.
Survey 
Listing Office: NORTH FLORIDA REALTY ADVISORS
Last Updated: February - 09 - 2026
Information deemed reliable but not guaranteed.