1402 E 31st St, Jacksonville, FL 32206

Jacksonville Investor Special: Unbeatable Price for 3-Bedroom Home!

Discover an unprecedented investment opportunity at 1402 E 31st St, Jacksonville, FL 32206! This 3-bedroom, 1-bathroom single-family home offers 1,120 sqft of living space on a 4,888 sqft lot. Built in 1928, this property is being offered at an extraordinarily low price, presenting an ideal canvas for a seasoned investor or a visionary cash buyer looking for a high-ROI renovation project. With no HOA fees, this property maximizes your potential for profit.

Priced at an astonishingly low $49,000, with an estimated refinance payment of approximately $210/month (excluding annual property taxes of just $182), this home is positioned dramatically below the typical market values for the area, signaling a significant value-add opportunity. This property likely requires substantial renovation, offering the perfect chance to customize and significantly increase its market value. Consider these powerful insights for the 32206 zip code:

• The median sold home price for a 3-bedroom house in 32206 was $184,000 in May 2025, and the overall median sold price is $114,800. This property is offered at a fraction of these prices, promising substantial equity growth upon a successful renovation.
• The median listing price per square foot in 32206 is $169. At approximately $43 per square foot, this home is exceptionally priced for a full-scale rehabilitation, allowing a buyer to dictate finishes and maximize resale value.
• For investors, the average rent for a 3-bedroom, 1-bath home in Jacksonville ranges from $1,099 to $2,600+ per month (Redfin/RentCafe), indicating strong potential for rental income post-rehab.
• The 32206 market is a “Buyer’s Housing Market” where good deals can be found, and despite some recent overall value declines, renovated properties in desirable areas can still command strong returns.

Located in a well-established Jacksonville neighborhood, this home offers convenient access to local amenities and transportation routes. Jacksonville is a rapidly growing city with a lower cost of living than many other major Florida cities, attracting new residents and offering a diverse economy. This property is perfect for a strategic flip or a long-term rental, allowing you to capitalize on its deep discount and transform it into a profitable asset in a thriving market. Serious inquiries from cash buyers or investors comfortable with extensive renovations are encouraged.