115 2ND Street

Jacksonville, FL 32206

A rare chance to acquire an irreplaceable 5-unit executive housing asset in the heart of Historic Springfield. Stabilized or repositioned, the numbers work either way. The building delivers four oversized 1BR/1.5BA residences (~1,100 SF each) and a true 2,288 SF penthouse occupying the entire third floor with 2 bedrooms, 2.5 baths, and sweeping views of Klutho Park and the downtown Jacksonville skyline. All five units feature in-unit laundry, which is a meaningful competitive advantage in this submarket. Pro forma gross income of $192,000 annually supports a projected ~8% cap rate at the asking price, based on executive lease rates of $2,750/month for the flats and $5,000/month for the penthouse. Current rents reflect an owner-occupied and partially furnished operation; two furnished units and the penthouse offer immediate repositioning upside. Delivery terms are negotiable. The rear yard amenity package, outdoor tiki bar, hot tub, sauna, and courtyard gathering space, creates a boutique, lifestyle-forward community that executive and corporate tenants cannot find elsewhere in Jacksonville at this price point. Built in 1906. Brick construction. HVAC is approximately 2 years old.

Listing courtesy of THOMAS LOVE of BELLE EPOQUE REALTY SERVICES LLC



Listing information is provided by Participants of the Northeast Florida Multiple Listing Service(dba realMLS). IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northeast Florida Multiple Listing Service(dba realMLS).
Last checked: 2026-05-13 06:45 PM UTC