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About This Home
This 8-bedroom, 4-bathroom residential multi family at 720 WALNUT Street in Green Cove Springs, FL is listed for $429,500 ($128 per sqft). Built in 1939, the home offers 3,368 sqft of living space on a 0.25 acres lot.
Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: - Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St.
Johns River. - Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.- Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District.
- Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. - Laundry hookup in each unit - Termite bond in place - Community front porch + picnic area - Vinyl siding - Off-street parki
ng for 8 - 4-point inspection done (3 yrs ago, no issues) - Two heat/AC wall units per unit " Unit 2B vacant -- new flooring & paint, ready to rent " 3 units occupied, month-to-month, below market " Historic District -- walkable to Spring Park & St.
Key Features
- Built in 1939
- 0.25 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,297/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
720 WALNUT Street
Green Cove Springs, FL 32043
**verifying Subd**
Property Details
Flooring
Construction
Parking
Cooling
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 720 WALNUT Street is listed at $429,500 ($128/sqft). The estimated monthly payment is $1,861 based on 20% down at 6.5% interest.
Key features include: Built in 1939, 0.25 acre lot.
This property is listed by DOUGLAS ADDEO and can be reached at 5612186558 or addeod@comcast.net.