Two-Story Multifamily
For Sale
$690,000
236 STATE ROAD 16, St Augustine, FL 32084
Commercial Sale, St. Augustine, FL
Property Size3,813 SF
Lot Size0.39 Acres
Price / SF$180.96
Days on Market49
Property Features for 236 STATE ROAD 16
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 5
Parking features
Parking Lot, Off Street
Lot features
Cleared
Directions
From US1 North, Turn Left onto State Road 16. Property is just past Lewis Speedway, Masters Drive, on the right. #236
Subdivision
336-Ravenswood/West Augustine
Standard status
Active
APN
090660-0000
Size
3,813 SF
Lot size
0.39 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Building materials
Block, Stucco
Buildings
1
Listing Agency:
PONTE VEDRA CLUB REALTY, INC.
(904) 285-6927
Listed By:
KATHERINE SHEARER · License #3470801
(904) 814-2607
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 1 at 4:06PM
MLS# 2164762
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story multifamily property contains 3,813 square feet on a 0.39-acre site comprising 2 platted lots. The current residential multi-tenant layout includes 9 rooms, 4.5 bathrooms, 2 living rooms, a kitchen, laundry room, and office. A fire sprinkler system serves the building, which was constructed in 1925 with block and stucco materials. Central heating, multiple cooling systems, off-street parking, and a parking lot are included.
The property fronts State Road 16 in St. Augustine, with 122ft of direct roadway frontage. Its location provides access to US-1, Historic Downtown St. Augustine, I-95, shopping, restaurants, schools, and nearby residential areas. Commercial General zoning and public water and sewer support the existing property configuration and permitted uses under applicable zoning requirements.
The property fronts State Road 16 in St. Augustine, with 122ft of direct roadway frontage. Its location provides access to US-1, Historic Downtown St. Augustine, I-95, shopping, restaurants, schools, and nearby residential areas. Commercial General zoning and public water and sewer support the existing property configuration and permitted uses under applicable zoning requirements.
Key Highlights
- 3,813 SF two‑story multifamily building on 0.39 acres
- 122ft of direct frontage along State Road 16
- Commercial General zoning on 2 platted lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,802
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,040
$596.0K
Cap Rate 7%
$425,743
$425.7K
Cap Rate 9%
$331,133
$331.1K
Market Conditions
NOI Build-Up for 3,813 SF
Gross rent
$59.9K $15.72/SF
− Vacancy
−$5.8K −$1.51/SF
EGI
$54.2K $14.21/SF
− OpEx
−$24.4K −$6.39/SF
NOI
$29.8K $7.82/SF
Area
St. Johns County, FL
Vacancy
9.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,040
Cap Rate 7%
$425,743
Cap Rate 9%
$331,133
Alternative Uses
Best Use
Apartment 5plus
$425.7K
$372.5K – $496.7K
NOI $29,802 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.0K – $1.19M
NOI $71,196 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Existing residential configuration includes shared living, kitchen, laundry, and office areas.
Where is this multifamily property located?
The property is located at 236 STATE ROAD 16 St Augustine, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 3,813 SF two‑story multifamily building on 0.39 acres; 122ft of direct frontage along State Road 16; Commercial General zoning on 2 platted lots
