1859 E 11th St, Jacksonville, FL 32206

Deeply Affordable Historic Home in Jacksonville’s Eastside: A Renovation Opportunity!

Asking Price: $69,990

Uncover a truly remarkable value proposition with this 3-bedroom, 1-bathroom single-family home at 1859 E 11th St, Jacksonville, FL 32206. Built in 1924, this 1,210 sqft residence (though some records suggest up to 1,172 sqft) offers an incredibly low estimated refinance payment of $427/mo. Located in the historic Eastside neighborhood, this property is a prime opportunity for investors or highly motivated homeowners seeking a deeply affordable project in a buyer-favorable market.

Key Features & Unbeatable Value:

• Extraordinary Price Point: At just $69,990, this home is significantly below the median sold price for 3-bedroom homes in the 32206 zip code ($179,000 in April 2025) and well below the typical home value for the entire 32206 area ($136,278 as of April 2025). This positions it as one of the most affordable detached homes available.
• Spacious for the Price: With 1,210 sqft, it offers a good amount of living space for a 3-bedroom home at this price point, providing a solid foundation for renovation.
• Strong Buyer’s Market in 32206: The 32206 zip code is currently a Buyer’s Housing Market. This means there’s a higher supply of homes than buyers, giving buyers considerable negotiation power.
  • Home prices for 3-bedroom homes in 32206 increased by 4.2% year-over-year in April 2025.
  • A remarkable 88.9% of homes in 32206 sold below asking price in April 2025, indicating significant potential for negotiation.
  • Homes in 32206 had an average listing age of 67 days in April 2025, providing ample time for due diligence.
• Incredibly Low Estimated Payment: The estimated refinance payment of $427/mo makes this property exceptionally accessible from a monthly cost perspective. (However, prospective buyers must account for significant renovation costs, potential higher insurance premiums, and future property tax increases).
• No HOA Fees: Properties of this age and type in Jacksonville typically do not have HOA fees, contributing to lower ongoing ownership costs.
• Property Tax History: Public tax records show a 2024 tax bill of $995 on an assessed value of $42,275. In 2023, taxes were $902 on an assessed value of $38,432. The current asking price is significantly higher than recent assessed values, so buyers should anticipate that property taxes will likely increase significantly upon sale and reassessment.

Jacksonville Location (32206) & Amenities:

• Eastside Neighborhood: The home is located in Jacksonville’s historic Eastside neighborhood, which is undergoing revitalization efforts. It’s a predominantly Black neighborhood with deep historical roots.
• Proximity to Downtown: The area offers convenient access to downtown Jacksonville’s business district, entertainment venues, and the St. Johns River.
• Urban Living: Enjoy the benefits of urban living with proximity to various local amenities.
• Schools (Duval County Public Schools): The property is assigned to Duval County Public Schools. While specific assigned schools for this address aren’t detailed, the 32206 zip code’s public schools generally have lower GreatSchools ratings. For example, Andrew A. Robinson Elementary (3/10) and Matthew W. Gilbert Middle School (2/10) are in the vicinity. William M. Raines High School (5/10) is further away. Families prioritizing top-tier public schools may need to explore school choice programs or private alternatives.

Important Considerations:

• Extensive Renovation Required (“As Is”): Given its 1924 build date and extremely low price, this property will almost certainly require major and extensive renovation. This includes cosmetic updates, likely full system overhauls (plumbing, electrical, HVAC), and potentially structural repairs. This is unequivocally a project for an experienced investor or a homeowner with a substantial renovation budget, expertise, and a willingness to manage a significant undertaking.
• Single Bathroom: With 3 bedrooms and only 1 bathroom, most buyers will find this limiting. Adding a second bathroom would be a high-priority renovation for market appeal and functionality.
• Crime Rate Concerns: Jacksonville’s overall crime rate is relatively high compared to state and national averages (1 in 80 chance of violent crime, 1 in 19 chance of property crime). Specifically for the 32206 zip code, while homicides saw a 30% decrease from 2022 to 2023, it’s still an area where residents report safety concerns. Buyers are strongly encouraged to research recent, localized crime data for the specific neighborhood and street from official police department sources to assess their comfort and safety levels.
• “Moderate” Flood Factor: This property has a “Moderate” Flood Factor (4/10 on some scales), and its flood risk is increasing. This means there is a notable risk of flooding. It is crucial for buyers to consult the official FEMA Flood Map Service Center (MSC) for 1859 E 11th St, Jacksonville, FL 32206, to determine the exact flood zone (e.g., AE, X) and understand mandatory flood insurance requirements and associated costs. Flood insurance could 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 1859 E 11th St represents an exceptional opportunity for a buyer seeking an extremely affordable property in Jacksonville with significant value-add potential. For the right investor or owner-occupant ready for a substantial renovation project, this could be a highly rewarding endeavor.

Priced at $69,990 – a true renovation special in Jacksonville! Schedule your private showing today.