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Six-Unit Waterfront Apartment Building
New
For Sale
$8,250,000
Pending

1616 RIVER Rd, Jacksonville, FL 32207

Renovated residences include private boat slips and access to a shared riverfront promenade.

Property Size16,244 SF
Days on Market3

Property Features for 1616 RIVER Rd

General Information

Standard status Pending
Size 16,244 SF
Property subtype Investment

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $81,902

Amenities

private boat slips
riverfront promenade
fire pit
grill pavilion

Building Details

Building Size 16,244 SF
Year Built 2009
Buildings 1
Units 6
Listed By: NICHOLAS EKLUND
Source: Elliman
Added: Sep 12 Last Checked: Sep 13 at 8:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NICHOLAS EKLUND

Investment Insights

Based on property information with market context.

This 2009 apartment building contains six renovated residences along the St. Johns River, with a private boat slip assigned to each unit. The property includes two penthouse residences with front balconies oriented toward the water, while lower walk-out units feature screened lanais opening onto the shared riverfront promenade.

Outdoor amenities include a fire pit and grill pavilion along the riverfront. The building is within short walking distance of San Marco Square, with its restaurants, cafés, and boutiques. Walk Score is 88, Bike Score is 52, and Transit Score is 57.

Key Highlights

  • Six‑unit apartment building constructed in 2009
  • Each renovated residence includes a private boat slip
  • Two penthouse units feature front balconies with views toward Downtown Jacksonville and Riverside

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Barber Shop Auto Parts Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,806
Businesses Nearby

Demographics for 32207, FL

36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated residences include private boat slips and access to a shared riverfront promenade.
Where is this apartment building located?
The property is located at 1616 RIVER Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 2009; Each renovated residence includes a private boat slip; Two penthouse units feature front balconies with views toward Downtown Jacksonville and Riverside
More about this property
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