Historic Quadplex with CBD
720 WALNUT Street Green Cove Springs, FL 32043
720 WALNUT Street, Green Cove Springs, FL, 32043
$429,500
For Sale
$429,500
MULTI_FAMILY - Green Cove Springs, FL
Property Size3,368 SF
Lot Size0.25 Acres
Price / SF$127.52
Days on Market47
Property Features for 720 WALNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- Off Street
- Standard status
- Active
- APN
- 38062601742900000
- Size
- 3,368 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7836
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1939
- Number of units
- 4
- Flooring type
- Carpet
- Building materials
- Vinyl Siding
- Roof type
- Metal
Listing Agency
COMMUNITY REALTY ASSOCIATES
(561) 218-6558
9922 Palma Vista Way, FL
Listed by
DOUGLAS ADDEO · License #0559732
(561) 218-6558
Added: Jun 5 Updated: Jul 17 at 4:36 pm Checked: Jul 21 at 5:06 am
MLS# 2148996
Listing URL
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.
Investment Insights
Based on property information with market context.
This historic quadplex features four 2-bedroom, 1-bath units, each with approximately 840 square feet, plus a metal roof and vinyl siding. Each unit has laundry hookups and two heat/AC wall units. The property includes a community front porch and picnic area, and there is off-street parking for 8.
Located at 720 Walnut Street in Green Cove Springs, the property is described as being in a CBD zoning area. Public remarks note walkability to Spring Park and the St. Johns River.
Unit 2B is vacant and ready to rent, with new flooring and paint. Three units are occupied on month-to-month terms, described as below market. A 4-point inspection was completed about three years ago with no issues reported.
Located at 720 Walnut Street in Green Cove Springs, the property is described as being in a CBD zoning area. Public remarks note walkability to Spring Park and the St. Johns River.
Unit 2B is vacant and ready to rent, with new flooring and paint. Three units are occupied on month-to-month terms, described as below market. A 4-point inspection was completed about three years ago with no issues reported.
Key Highlights
- Four 2 bed/1 bath units, each 840 SF, in a historic quadruplex with CBD zoning.
- Metal roof with vinyl siding; off‑street parking for 8 spaces.
- Laundry hookups in each unit and two heat/AC wall units per unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $14.16 |
| − Vacancy | −$5.1k | −$1.50 |
| EGI | $42.6k | $12.66 |
| − OpEx | −$12.8k | −$3.80 |
| NOI | $29.8k | $8.86 |
3,368 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$673.8K
$589.6K – $786.1K
NOI $47,165 @ 7.0% cap · market cap 10.98%
Second Best
Multifamily LT 5
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$898.4K
$786.1K – $1.05M
NOI $62,887 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Historic quadplex with four 2-bedroom units, metal roof, and off-street parking for eight.
Where is this quadplex located?
The property is located at 720 WALNUT Street Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: Four 2 bed/1 bath units, each 840 SF, in a historic quadruplex with CBD zoning.; Metal roof with vinyl siding; off‑street parking for 8 spaces.; Laundry hookups in each unit and two heat/AC wall units per unit.
