806 OAK Street, Green Cove Springs, FL 32043

• 30 baths |
• 18,437 sqft

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. 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.

Listing Status:

Active

Date Added:

January 16, 2026

Data Last Updated:

February 28, 2026 at 7:35AM

Listing Office:

NORTH FLORIDA REALTY ADVISORS : 904-206-7653

Listing Agent:

STANLEY H BISHOP : 904-237-2933

MLS ID:

2125520

Construction

• Roofing: Shingle

Location

• Road/Access: City Street
• Originating MLS: realMLS (Northeast Florida Multiple Listing Service)
• County: Clay

Lot

• Zoning: 38062601699900100

Utilities

• Utilities: Cable Available

Financial

• Source: realMLS (Northeast Florida Multiple Listing Service)