2790 Fitzgerald St, Jacksonville, FL 32254

Investment Potential in West Jacksonville: Affordable Home Built in 1918!

Asking Price: $104,000

Here’s a truly unique opportunity to acquire a piece of Jacksonville’s history with this 3-bedroom, 2-bathroom single-family home at 2790 Fitzgerald St, Jacksonville, FL 32254. Built in 1918, this 1,456 sqft residence offers significant potential for a savvy investor or a homeowner looking for a deeply affordable project, with an estimated refinance payment of $560/mo. This property’s low price point in a buyer-favorable market presents a compelling proposition.

Key Features & Value Proposition:

• Exceptional Affordability: At $104,000, this home is considerably below the median sold price for 3-bedroom homes in Jacksonville (-3.0% year-over-year to $283,800 in May 2025) and the median home price in the 32254 zip code ($188,000 in May 2025). This makes it one of the most budget-friendly single-family homes available in the area.
• Historic Charm (Built 1918): As a home built over a century ago, it offers unique character and the potential to restore or enhance its classic features. Public records for a nearby property on Fitzgerald St (2769 Fitzgerald St, though built 1922 and renovated 1940) suggest common features like central air and forced air heating, and masonry/stucco exterior.
• Strong Buyer’s Market in 32254: The 32254 zip code is currently described as “somewhat competitive” by Redfin, and a “Balanced Market” by Rocket Homes, indicating that buyers have a good degree of negotiation power.
  • Home prices in 32254 were down 3.8% compared to last year in May 2025.
  • Around 57% of homes in Jacksonville sold below asking price last month, and in 32254 specifically, the average home sells for about 4% below list price. This strongly suggests room for negotiation.
  • Homes in 32254 sell after an average of 64 days on the market (up from 49 days last year), providing ample time for due diligence.
• Low Estimated Refinance Payment: The estimated refinance payment of $560/mo is remarkably low, making this property highly accessible from a monthly cost perspective. (However, buyers must factor in potential renovation costs, higher insurance due to age/location, and taxes for a comprehensive monthly budget).
• No HOA Fees (Likely): Properties of this age and price point in Jacksonville typically do not have HOA fees, contributing to lower ongoing ownership costs.
• Property History: Property tax history for this address shows recent taxes of $128 in 2024 (on an assessed value of $6,279) and $122 in 2023 (on an assessed value of $5,709). This indicates a very low current tax assessment, which could significantly increase upon sale and reassessment. Buyers should be prepared for higher property taxes after purchase.

Jacksonville Location (32254) & Amenities:

• West Jacksonville / Lackawanna Neighborhood: The home is located in West Jacksonville, specifically within the Lackawanna neighborhood, known for its residential character.
• Access to City Amenities: Jacksonville, as a large and growing city, offers a wide range of amenities including downtown attractions, sports venues (including the approved $1.4 billion Jags’ Everbank Stadium renovation), cultural institutions, and various dining and shopping options.
• Transportation: Resident reviews for nearby streets mention public transportation being relatively close and downtown being a 10-15 minute drive.
• Schools (Duval County Public Schools): The property is assigned to Duval County Public Schools. Nearby assigned schools, based on proximity, include:
  • Ruth N. Upson Elementary School (PK-5, 8/10 GreatSchools Rating, 1.8 mi away) – Note: This is a notably higher rating for an elementary school in the area.
  • Pinedale Elementary School (PK-5, 2/10 GreatSchools Rating, 0.4 mi away) – May also be an assigned school.
  • Lake Shore Middle School (6-8, 3/10 GreatSchools Rating, 3.9-4.0 mi away)
  • Robert E. Lee High School (9-12, 3/10 GreatSchools Rating, 1.3-1.5 mi away)
  • Note: While elementary school options may vary, middle and high school ratings are generally lower. Families prioritizing top-rated schools may need to explore school choice programs or private education.

Important Considerations:

• Significant Renovation Required (“As Is”): Given its 1918 build date and low price, this property almost certainly requires extensive renovation and modernization. Buyers should anticipate a significant financial investment to bring the home to a modern, livable, and marketable condition. This is a project for an experienced investor or a homeowner with a substantial renovation budget and a willingness to manage a major project.
• Discrepancy in Public Records: There are some discrepancies in public records regarding build year (1918 vs. 1922 for nearby properties) and assessed square footage. A thorough inspection and appraisal are crucial for verification.
• Crime Rate: Jacksonville has a relatively high overall crime rate compared to state and national averages, particularly for property crimes. The chance of being a victim of property crime in Jacksonville is 1 in 19. While general city statistics are available, 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. Some resident reviews for Fitzgerald St have noted changes in neighborhood character, with some describing “rowdy people moving in.”
• Property Taxes: The current property tax assessment is extremely low ($6,279 in 2024). Upon sale, the property will likely be reassessed at or near the purchase price, resulting in a significantly higher annual tax bill. Buyers must factor this into their long-term budget.
• Flood Risk: Jacksonville experiences various types of flooding (coastal, inland, river). While specific flood zone information for 2790 Fitzgerald St is not directly provided in the search results, it is critical for buyers to check the official FEMA Flood Map Service Center (MSC) for this exact address to determine the specific flood zone designation. This will inform whether flood insurance is mandatory and help estimate potential premiums.
• Climate Risks: Jacksonville faces “extreme” heat and “extreme” wind risks. Buyers should be aware of these climate factors and ensure adequate insurance coverage for potential wind damage.

This home at 2790 Fitzgerald St offers an compelling, albeit challenging, opportunity for a buyer seeking an exceptionally affordable entry into the Jacksonville real estate market. For the right person or investor with the vision and resources for a major renovation, this property holds significant potential for value creation.

Priced at $104,000 – a true fixer-upper with immense potential in Jacksonville! Schedule your showing and explore the possibilities.