
Community Realty Associates
Listed by Community Realty Associates
$429,500
720 WALNUT Street
Details
APN 38062601742900000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
Year Built 1939
Acreage 0.250
Multifamily | 4 Units
Marketing description
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 • Community front porch + picnic area • Vinyl siding • Off-street parking 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.
Listing Contacts

Community Realty Associates
Listed by Community Realty Associates
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Zoning
CBD CommercialCore CommercialCentral Business District
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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