3212 Herschel St

This offering is one of three multifamily properties available within the same Riverside submarket. Additional investment opportunities include 1521 McDuff Avenue and 2321 Riverside Ave multifamily assets, allowing buyers the option to acquire a single property or assemble a small portfolio in a high-demand, historic neighborhood. Located within Riverside’s designated historic district, 3212 Herschel Street presents a compelling value-add opportunity for multifamily investors seeking both current income and long-term upside. The solid two-story brick building, constructed in 1967, consists of eight one-bedroom, one-bath units and offers approximately with each unit between approximately 505-530 sq ft. The property is currently seven units leased, with one vacant unit providing immediate potential for renovation and rent optimization. Zoned RMD-A, the property is well positioned for continued multifamily use in an area known for strong tenant demand, walkability, and ongoing reinvestment. While already income-producing, the highest and best use is repositioning, allowing an investor to modernize interiors and operations to better align with the premium Riverside rental market. Surrounded by high-end homes, popular restaurants, and established local businesses, this property offers a rare opportunity to invest in one of Jacksonville’s most resilient and desirable neighborhoods.