Cleared Multifamily Lot w/ Plans + ADU

  • $ 194,900
  • $ 76/sq ft
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Cleared Multifamily Lot w/ Plans + ADU

  • $ 194,900
  • $ 76/sq ft

Overview

Property ID: 2316
  • Land
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 2562
  • Sq Ft
  • Year Built

Fix and Flip

  • $194,900
  • Purchase Price
  • $850,000
  • ARV
  • $420,000
  • Rehab Cost

Buy and Hold

  • $ 194,900
  • Purchase Price
  • $ 0
  • Expected Rent
  • 0%
  • Gross ROI

Description

This cleared multifamily lot offers multiple high-upside build paths in one of Jacksonville’s strongest infill submarkets. With multifamily zoning and ADU eligibility already in place, the property supports duplex or single-family + ADU development perfect for multigenerational living while maximizing rental income and resale value.

Option 1 — Single Family + ADU (Premium Resale or Dual Income)
Current plans support a 2-story 4 Bed / 4 Bath SFH (~2,560 SF) plus a ~490 SF 1/1 ADU, ideal for:

• High-end resale
• Owner-occupant + rental
• Long-term hold with added ADU income

New construction in 32207 is supporting $275–$375+ per SF, placing projected resale in the $700K–$850K+ range depending on finishes and execution.

See Comps below :
SOLDS:
1539 BROOKWOOD Road, Jacksonville, FL 32207
3/2/2229 sqft built 1939 - sold @ $364/sqft = $811k on 10/2/25

1514 DUNSFORD Road, Jacksonville, FL 32207
4/2/2193 sqft built 1940 - sold @ $287/sqft = $630k on 8/27/25

1630 BRIDGETON, Jacksonville, FL 32207
3/4/2085sqft built 2023 - sold @$376/sqft = $785k on 7/13/25

2337 BROADMOOR Lane, Jacksonville, FL 32207
3/2/1830sqft built 1940 - sold @ $353/sqft = $646k on 6/20/25

ACTIVE FOR SALE:
1221 ORIENTAL GARDENS RD, JACKSONVILLE, FL 32207
4/3.5/2802sqft built 1957 - active @ $315/sqft = $1,199,000

2720 FIELDSTON Lane, Jacksonville, FL 32207
4/2/1915sqft built 1929 - active @ $396/sqft = $758,000


Option 2 — Duplex Build (Two Units, Two Income Streams)

Multifamily zoning allows a new duplex configuration, offering:

• Two rental units or resale as a small multifamily asset
• Estimated rents: $2,000–$2,300 per unit
• Projected gross rents: ~$49K–$55K annually

Retail duplex sales in the area support $650K–$725K+, depending on layout and finishes, creating strong upside for either flip or long-term hold.

✔ Cleared build-ready lot
✔ Multifamily zoning (no PZ change required)
✔ Plans + geotech completed
✔ Flexible execution (SFH+ADU or Duplex)
✔ Strong retail rental demand
✔ Reduced entitlement risk

Clean site. Proven comps. Multiple exits.


Address

  • City Jacksonville
  • State/county FL
  • Zip/Postal Code 32207
  • Area Jacksonville FL
  • Country United States

Details

Updated on February 28, 2026 at 06:20 pm
  • Property ID: 2316
  • Price: $ 194,900
  • Property Size: 2562 Sq Ft
  • Bedrooms: 3
  • Bathrooms: 3
  • Year Built: ----
  • Property Type: Land
  • Property Status: For Sale

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  • Marilyn Carter

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