51, 55, 59 E 32nd Street, Jacksonville, FL 32206

$1,245,000

Property Type: Commercial Sale Baths: 12 Square Footage: 6,888 Lot Size (sq. ft.): 22,651 Status: Closed

Current Price: $1,245,000 List Date: 4/10/2026 Last Modified: 6/15/2026

Overview

Description

High-yield, turn-key investment opportunity. Fully renovated, multi family zoned, operating as a 29-bedroom rent-by-room rental. Units are furnished. Property underwent major 2023 renovations. - 8-year-old roofs on all buildings - All water heaters replaced in 2023 - New AC Units 59 & 51 2023 - Unit 55 replaced 2025 Annual rent estimated Strong demand for affordable room rentals supports stable occupancy and future rental growth. Excellent opportunity for investors seeking immediate income and portfolio expansion. 2 buildings self-managed. Large lots with room to expand / add income opportunity. (buyer to verify permitting/zoning) Balconies, porch, yard, parking available driveway and dead end street. 2x Washer /dryer per buidling+ all appliances provided. Granite counters, renovated kitchens and bath. roof 8 years old.

Listing Details MLS# 1074270

General Property Information

Number Of Units Total: 6
Stories Total: 2
Bathrooms Total: 12
Building Area Total: 6888
Accessibility Features YN: No
Year Built: 1987
Lot Size Acres: 0.52
Association YN: No
Water Body Access YN: No
List Price/SqFt: 180.75
Sold Price/SqFt: 180.75

Property Features

Construction Materials: Block; Frame Cooling: Central Air Current Use: Multi-Family Flooring: Vinyl Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Dead End Street Parking Features: Additional Parking; On Street; RV Access/Parking; Shared Driveway; Unassigned Possession: Close Of Escrow Road Frontage Type: City Street Roof: Shingle Sale Includes: Building & Land Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Original List Price: 1050000
Listing Contract Date: 2026-03-02
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 51, 55, 59
Street Direction Prefix: E
Street Name: 32nd
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 999 - Out of Area

Remarks and Miscellaneous

Public Remarks: High-yield, turn-key investment opportunity. Fully renovated, multi family zoned, operating as a 29-bedroom rent-by-room rental. Units are furnished. Property underwent major 2023 renovations. - 8-year-old roofs on all buildings - All water heaters replaced in 2023 - New AC Units 59 & 51 2023 - Unit 55 replaced 2025 Annual rent estimated Strong demand for affordable room rentals supports stable occupancy and future rental growth. Excellent opportunity for investors seeking immediate income and portfolio expansion. 2 buildings self-managed. Large lots with room to expand / add income opportunity. (buyer to verify permitting/zoning) Balconies, porch, yard, parking available driveway and dead end street. 2x Washer /dryer per buidling+ all appliances provided. Granite counters, renovated kitchens and bath. roof 8 years old.

Status Change Information

Major Change Timestamp: 2026-06-15T18:40:11Z
Major Change Type: Status Change
Price Change Timestamp: 2026-06-15T18:39:23Z
Status Change Timestamp: 2026-06-15
Purchase Contract Date: 2026-03-03
Close Date: 2026-06-10
Close Price: 1245000

More Information

Income and Expenses

Gross Scheduled Income: 76647.96

Unit 1 Details

Unit ID: Yes
Annual Rent: 33000
Unit SqFt: 1162
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 5 rentable rooms

Unit 2 Details

Unit ID: 2
Annual Rent: 33000
Unit SqFt: 1190
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 5 rentable rooms

Unit 3 Details

Unit ID: 3
Annual Rent: 33000
Unit SqFt: 1120
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 5 rentable rooms

Unit 4 Details

Unit ID: 4
Annual Rent: 33000
Unit SqFt: 1148
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 5 rentable rooms

Unit 5 Details

Unit ID: 5
Annual Rent: 33000
Unit SqFt: 1120
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 5 rentable rooms

Unit 6 Details

Unit ID: 6
Annual Rent: 33000
Unit SqFt: 1148
# Units (This Type): 6
Furnished: Furnished
Unit Remarks: 4 rentable rooms

Location, Tax, and Legal

Tax Account: 133355-1000
Parcel Number: 133355-1000
Tax Annual Amount: 3713.08
Tax Year: 2025
Tax Legal Description: 6-25 55-2S-26E .199 OAK TERRACE LOT 10 BLK 2
Directions: Take I-95 North or South (depending on your starting point) toward downtown Jacksonville. Exit at MLK Jr. Parkway (US-1 N/US-23 N) - follow signs for MLK Parkway Northbound. Take the exit for Main Street (US-17 N). Turn left onto Main Street (if coming from south) or right (if coming from north). Turn right onto E 32nd Street - it's a small residential road just north of the intersect

Construction Materials

Block: Yes
Frame: Yes

Cooling

Central Air: Yes

Current Use

Multi-Family: Yes

Flooring

Vinyl: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Dead End Street: Yes

Parking Features

Additional Parking: Yes
On Street: Yes
RV Access/Parking: Yes
Shared Driveway: Yes
Unassigned: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Sale Includes

Building & Land: Yes

Listing Office: LoKation

Last Updated: June - 15 - 2026

Information is deemed to be reliable, but is not guaranteed.