$429,500

720 WALNUT Street, Green Cove Springs, FL 32043

  • 8 beds |
  • 4 baths |
  • 3,368 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1939
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $128/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Community front porch + picnic area • Vinyl siding • Off-street parking for 8 • 4-point inspection done (3 yrs ago, no issues) • Two heat/AC wall units per unit " Unit 2B vacant -- new flooring & paint, ready to rent " 3 units occupied, month-to-month, below market " Historic District -- walkable to Spring Park & St.

Listing Status:
Active
Date Added:
June 5, 2026
Data Last Updated:
June 14, 2026 at 7:38AM
Listing Office:
COMMUNITY REALTY ASSOCIATES : 561-218-6558
Listing Agent:
DOUGLAS ADDEO : 561-218-6558
MLS ID:
2148996
  • Laundry: Electric Dryer HookupWasher Hookup
  • Flooring: Carpet
  • A/C: Wall/Window Unit(s)
  • Heating:
  • Roofing: Metal
  • General: Vinyl Siding
  • Road/Access: Paved
  • Originating MLS: realMLS (Northeast Florida Multiple Listing Service)
  • County: Clay
  • Zoning: 38062601742900000
  • Current Use: Multi-Family
  • Utilities: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: realMLS (Northeast Florida Multiple Listing Service)

This listing courtesy of DOUGLAS ADDEO , COMMUNITY REALTY ASSOCIATES

Monthly Payment

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

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