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Five-Unit Short-Term Rental Property
For Sale
$1,740,000

16 Mulvey St, St Augustine, FL 32084

MULTI_FAMILY - St Augustine, FL

Property SizeContact for details
Days on Market10

Property Features for 16 Mulvey St

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning RG-1
Subdivision Model Land Co-Fl
Directions From US-1 Take Orange st to Mulvey Property will be on the right hand side.
Standard status Active
APN 206060-0000

Taxes and HOA fees

Tax Year 2025
Tax Description See Deed
Tax Annual Amount 11751
Legal Description See Deed

Utilities

Heating system Central, Electric (Heating)
Cooling system Central Air, Window Unit(s)

Amenities

landscaped backyard

Building Details

Year built 1890
Number of units 5
Listing Agency: Century 21 St Augustine Properties · Century 21 Real Estate
Listed By: Ian Hyde
Added: Jul 27 Changed: Aug 1 Last Checked: Aug 5 at 7:06AM
MLS# 263419

Copyright © 2026 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Five-unit short-term rental property offering four one-bedroom, one-bath apartments plus one efficiency unit. The building was constructed in 1890 and is currently set up for operating short-term rentals. Heating is provided by central electric heat, and cooling includes central air as well as window unit(s).

Located in historic downtown St. Augustine in the Historic Entertainment District, the property is described as being steps from restaurants, shops, galleries, live music, museums, and historic attractions, with beaches only minutes away. The home sits on a rare double lot and includes a landscaped backyard retreat.

Major capital improvements noted include a newer roof, updated electrical and plumbing systems, and a current termite bond.

Key Highlights

  • RG‑1 zoning for a five‑unit short‑term rental property
  • Four one‑bedroom, one‑bath units plus one efficiency unit
  • Central electric heating with central air and window unit(s) cooling

Property Analytics

Current Use

Villa Mulvey #1 Vacation Rental Villa Mulvey #4 Vacation Rental

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Catering Service Home Appliance Store Acupuncture Clothing & Fashion Store

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

5
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,326
Businesses Nearby

Demographics for 32084, FL

34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - RG-1 zoned five-unit property with central heating and central air plus window unit cooling
Where is this short term rental property located?
The property is located at 16 Mulvey St St Augustine, FL.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: RG‑1 zoning for a five‑unit short‑term rental property; Four one‑bedroom, one‑bath units plus one efficiency unit; Central electric heating with central air and window unit(s) cooling
More about this property
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