$995,000

337 N FLETCHER Avenue, Fernandina Beach, FL 32034

  • 6 beds |
  • 5 baths |
  • 3,164 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $314/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

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.

Listing Status:
Active
Date Added:
March 10, 2026
Data Last Updated:
March 28, 2026 at 7:35AM
Listing Office:
MCADOO MULTIFAMILY ADVISORS LLC : 904-574-7400
Listing Agent:
STEVEN MICHAEL MCADOO : 904-574-7400
MLS ID:
2134148
  • Appliances: Electric OvenElectric RangeElectric Water HeaterRefrigerator
  • Laundry: Common Area
  • Flooring: TileWood
  • A/C: Central AirWall/Window Unit(s)
  • Heating:
  • Roofing: Shingle
  • General: Concrete
  • Originating MLS: realMLS (Northeast Florida Multiple Listing Service)
  • County: Nassau
  • Zoning: 000031134B02230000
  • View: Ocean
  • Current Use: InvestmentMulti-FamilyResidential
  • Utilities: Electricity ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: realMLS (Northeast Florida Multiple Listing Service)

This listing courtesy of STEVEN MICHAEL MCADOO , MCADOO MULTIFAMILY ADVISORS LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Nassau Virtual Instruction Program

1201 Atlantic Ave, Fernandina Beach, FL, 32034

Grades KG-9

1.37 miles away

F

Fernandina Beach Middle School

315 Citrona Dr, Fernandina Beach, FL, 32034

Grades 6-8

0.91 miles away

F

Fernandina Beach High School

435 Citrona Dr, Fernandina Beach, FL, 32034

Grades 9-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.