Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2337 S FLETCHER Avenue Fernandina Beach, FL 32034

    View on Map
    Claim this Listing
    For Sale
    $899,000

    DUPLEX - Fernandina Beach, FL

    Property size:
    2,733 SF
    Price / SF:
    $328/SF
    Added:
    Mar 6, 2026
    Days on Market:
    56
    Last Refresh:
    May 1 at 9:06 pm

    Property Features for 2337 S FLETCHER Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-2
    Parking features
    Driveway
    Window features
    Aluminum Frames
    Interior features
    Blinds, Ceiling Fans, Cable TV Available
    Appliances
    Refrigerator, Stove, Microwave, Dishwasher, Disposal, Washer, Dryer
    Standard status
    Active
    APN
    00-00-31-1360-0054-0000
    Size
    2,733 SF

    Taxes and HOA fees

    Tax Description
    LOT 54 EX 15 FT IN SW COR & PT LOT 48 IN OR 1907/761

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1941
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Will Henderson

    Listing agent Will Henderson

    Listing office BERKSHIRE HATHAWAY HomeServices HWREI 720 Magnolia Lane, Fernandina Beach, FL

    Listing date Mar 6, 2026

    MLS# 115335 Listing URL

    Copyright © 2026 Amelia Island-Nassau County Association 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.

    Overview

    Ocean-View Duplex on Fletcher Avenue

    This property on Fletcher Avenue presents an opportunity for investors and those seeking a beachside residence. The property can continue as a rental income property, be used as a vacation home while renting the second unit, or be converted back to a single-family residence. The upper level features an open floor plan with 1 bedroom and 2.5 baths, granite countertops, newer appliances, and an expansive bedroom suite with two private second-floor porches. An enclosed porch provides ocean views, and a converted garage offers flex space suitable for an office, living area, or entertaining. The lower level includes 3 bedrooms, 1 bath, a living and dining area, and a kitchen with granite countertops and a breakfast bar. Both levels include in-unit laundry and flexibility. A large rear deck and ample parking spaces add convenience. Beach access is just steps away. The property, situated in Fernandina Beach, Florida, has a size of 2733 square feet and is zoned R-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4383591
    Latitude
    30.6339595

    Nearby Similar for Sale

    • $900,000

      Historic Downtown Commercial Unit

      Ground-level commercial unit in Fernandina Beach's historic City Mart.
      5 S 3RD Street, Fernandina Beach, FL 32034
      View Details
    • $1,649,000
      3,745 SF

      Historic Mixed-Use Building, Fernandina Beach

      Renovated historic building in downtown Fernandina Beach's Historic District.
      22 N 4TH Street, Fernandina Beach, FL 32034
      View Details
    • $789,000
      1,310 SF

      Commercial Property Near Amelia Island

      Commercial property near the beach with high visibility and flexible zoning.
      2477 SADLER Road, Fernandina Beach, FL 32034
      View Details
    • $780,000

      Historic Triplex in Downtown Fernandina

      Charming triplex in historic downtown Fernandina Beach, Florida.
      514 S 6TH Street, Fernandina Beach, FL 32034
      View Details
    • $395,000

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1965 S FLETCHER Avenue, Fernandina Beach, FL 32034
      View Details
    • $395,000

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1961 S FLETCHER Avenue, Fernandina Beach, FL 32034
      View Details
    • $395,000

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1957 S FLETCHER Avenue, Fernandina Beach, FL 32034
      View Details
    • $395,000

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1953 S FLETCHER Avenue, Fernandina Beach, FL 32034
      View Details
    • $2,900,000
      6,100 SF

      Historic Amelia Island Commercial Property

      6,100 sqft commercial property in the heart of Amelia Island.
      101 CENTRE Street, Fernandina Beach, FL 32034
      View Details
    • $1,600,000
      5,000 SF

      Fernandina Beach Special Purpose Building

      5,000 SF building in Fernandina Beach, ideal for educational use.
      1986 Citrona Dr, Fernandina Beach, FL 32034
      View Details
    • $765,000
      2,766 SF

      Fernandina Beach Golf Course Residence

      Elegant home in gated community with golf membership included.
      94038 HEMLOCK Court, Fernandina Beach, FL 32034
      View Details
    • $375,000
      612 SF

      Unique Live-Work Space with Loft

      Custom-designed live-work space with open loft and high-end finishes.
      960185 Gateway Blvd, Fernandina Beach, FL, 32034-7841
      View Details

    FAQs

    What type of property is this?
    Duplex - Prime income property with ocean views and flexible living spaces.
    Where is this duplex located?
    The property is located at 2337 S FLETCHER Avenue Fernandina Beach, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Prime ocean‑view property with beach access just steps away.; Multiple use options: rental income, vacation home, or single‑family residence.; Two separate living units, each with in‑unit laundry and granite countertops.
    (904) 753-1415
    We can help!
    Listing Contact
    Will Henderson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2337 S FLETCHER Avenue, Fernandina Beach, FL 32034

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!