2716 N Market St, Jacksonville, FL 32206

Historic Charm with Investment Potential in Jacksonville: Your Next Project Awaits!

Asking Price: $209,000

Step back in time with this 3-bedroom, 1-bathroom single-family home located at 2716 N Market St, Jacksonville, FL 32206. Built in 1924, this spacious 1,393 sqft residence offers a glimpse into Jacksonville’s rich past and presents a compelling opportunity for a savvy investor or a homeowner looking for a project with historical appeal. With an estimated refinance payment of $1,562/mo, this property is a unique find in the evolving 32206 zip code.

Key Features & Market Insights:

• Historic Architecture: As a home built in the 1920s, it carries the architectural character of that era, with solid construction typical of the time. This property features a 5,000 sqft lot.
• Affordable Price for Square Footage: At $209,000, this home offers a generous 1,393 sqft of living space. While the median sold price for 3-bedroom homes in the 32206 zip code has seen a modest increase of 4.2% year-over-year to $179,000 in April 2025, this property’s larger size likely justifies its higher asking price. It previously sold for $209,500 in March 2022.
• Buyer-Favorable Market in 32206: The 32206 zip code is currently identified as a Buyer’s Housing Market, indicating a good level of inventory and potential for buyer negotiation.
  • The median sold price for all homes in 32206 was $181,500 in April 2025, up 4.1% year-over-year.
  • A significant 88.9% of homes in 32206 sold below asking price last month, showcasing strong negotiation opportunities for buyers.
  • Homes in 32206 had an average listing age of 67 days in April 2025, providing buyers ample time for due diligence.
• No HOA Fees: Public records explicitly state “HOA Dues: —” for this property, meaning no recurring HOA fees, which contributes to lower ongoing ownership costs.
• Property Tax History: The property taxes for 2025 are estimated at $4,487 on an assessed value of $232,869. Prior years show 2024 taxes at $4,487 (assessed value $230,884) and 2023 taxes at $4,411 (assessed value $237,648). Buyers should be aware of these tax levels.

Jacksonville Location (32206) & Amenities:

• Springfield Neighborhood: The property is located in Jacksonville’s 32206 zip code, which encompasses historic neighborhoods like Springfield. Springfield is known for its beautiful historic homes, revitalization efforts, and growing community.
• Proximity to Downtown: The area offers convenient access to downtown Jacksonville’s business district, entertainment venues, and the St. Johns River.
• Urban Living with Parks: Enjoy the benefits of urban living with proximity to various parks and local amenities.
• Transportation: The area is generally considered “Somewhat Walkable,” with some amenities within walking distance.
• Schools (Duval County Public Schools): The property is assigned to Duval County Public Schools. Nearby assigned schools include:
  • Andrew A. Robinson Elementary School (PK-5, 3/10 GreatSchools Rating, 0.4 mi away)
  • Matthew W. Gilbert Middle School (6-8, 2/10 GreatSchools Rating, 1.1 mi away)
  • William M. Raines High School (9-12, 5/10 GreatSchools Rating, 4.1 mi away)
  • Note: School ratings are generally lower for this area. Families prioritizing top-tier public schools may wish to explore school choice programs or private alternatives.

Important Considerations:

• Condition & Renovation: A home built in 1924, and at this price point, will almost certainly require significant renovation and updates to bring it to modern standards and maximize its value. Buyers should budget for extensive repairs, cosmetic upgrades, and potential system replacements (plumbing, electrical, HVAC). This is an ideal project for an experienced investor or a homeowner with a substantial renovation budget and a willingness to manage a major project.
• Single Bathroom: With 3 bedrooms and only 1 bathroom, some buyers may find this limiting. An expansion to include a second bathroom might be a consideration during renovation.
• Crime Rate: Jacksonville’s overall crime rate is relatively high compared to state and national averages, particularly for property crimes (1 in 19 chance of being a victim of property crime). While the 32206 zip code itself saw a 5% decrease in crime rates compared to last year and ranks 7/10 in overall safety compared to other neighborhoods, it still has 25% more crime than surrounding neighborhoods. Buyers are strongly encouraged to research localized crime data for the specific neighborhood and street from official police department sources to assess their comfort and safety levels.
• Flood Risk (Major): This property has a “Major” Flood Factor, and its flood risk is increasing. This means it is in an area subject to inundation by floodwaters. Buyers must consult the official FEMA Flood Map Service Center (MSC) for 2716 N Market St, Jacksonville, FL 32206, to determine the exact flood zone designation (e.g., AE, VE) and understand mandatory flood insurance requirements and associated costs. Flood insurance will be a significant ongoing expense.
• Other Climate Risks: Jacksonville faces an “Extreme” Heat Factor (7 days above 107°F this year) and an “Extreme” Wind Factor (extreme risk of severe winds over the next 30 years). Buyers should ensure their homeowner’s insurance adequately covers potential wind damage from tropical storms or hurricanes.

This home at 2716 N Market St offers a unique blend of historic charm and investment potential in a growing Jacksonville market. For the right buyer willing to undertake a significant renovation, this property could be transformed into a valuable asset and a charming piece of the city’s heritage.

Priced at $209,000 – unlock the possibilities of this historic Jacksonville home! Schedule your private showing today.