Ocean View Multifamily on
For Sale
Contact for pricing
337 N FLETCHER Avenue, Fernandina Beach, FL 32034
Four-unit multifamily property near the Atlantic Ocean.
Property SizeContact for details
Days on Market156
Property Features for 337 N FLETCHER Avenue
General Information
Standard status
Active
Property subtype
Multifamily, Land
Building Details
Year Built
1956
Buildings
1
Units
4
Listing Agency:
McAdoo Multifamily Advisors
Listed By:
Steven McAdoo · License #BK3445628
Source:
Crexi
Added: Mar 10
Changed: Aug 10
Last Checked: Aug 11 at 3:52PM
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 McAdoo Multifamily Advisors
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers ocean views and is located on the quiet North End of Amelia Island, one block from the Atlantic Ocean. The unit mix includes two 1-bedroom, 1-bathroom ground-floor units, one 2-bedroom, 1-bathroom unit, and one 2-bedroom, 2-bathroom upper unit. Summer lease expirations, month-to-month tenancy, and a vacant unit provide immediate flexibility for repositioning or renovation. The projected pro forma income is approximately $88,000 at market rents. Long-term rental inventory on Amelia Island is extremely limited. Tourism generated $1.2 billion in economic impact in 2023, a 21% increase since 2021, with operators reporting a near year-round visitor pattern. The median household income in Fernandina Beach is $92,535, and the average island household income is $135,075. The property is located minutes from Main Beach Park, Salt Life Food Shack, and The Sandbar, and a short drive to Historic Downtown Fernandina Beach. Mayport NAS is approximately 27 miles away, and Baptist Medical Center Nassau is 2.2 miles away. This coastal multifamily property is a rare find so close to the water on Amelia Island.
Key Highlights
- Ocean view multifamily property just one block from the Atlantic Ocean on Amelia Island.
- Projected pro forma income of ~$88,000 at market rents.
- Diverse unit mix with a vacant unit, offering immediate flexibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 32034, FL
38,167
Population
21,768
Households
1.8
Avg Household Size
56
Median Age
54%
College-Educated
97%
High-School Grad
65.0 sq mi
ZIP Area
587
Density / Sq Mi
$97,756
Median Household Income
$48,467
Median Earnings
$1,399
Median Rent
$484,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property near the Atlantic Ocean.
Where is this quadplex located?
The property is located at 337 N FLETCHER Avenue Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Ocean view multifamily property just one block from the Atlantic Ocean on Amelia Island.; Projected pro forma income of ~$88,000 at market rents.; Diverse unit mix with a vacant unit, offering immediate flexibility.
