404 MARGARET Street, Neptune Beach, FL 32266
$1,550,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Square Footage:
3,000
Lot Size (sq. ft.):
5,445
Status:
Active
Current Price:
$1,550,000
List Date:
12/17/2025
Last Modified:
2/09/2026
Description
Turnkey Beachside Quadplex | Strong Rental Income | Fully Remodeled & Furnished: An exceptional opportunity to own a fully renovated, income-producing quadplex just blocks from the beach. This turnkey investment is 100% furnished and ready to operate from day one, with a proven track record of strong, consistent rental revenue.
Each unit has been completely remodeled from top to bottom, including new roof, plumbing, electrical, drywall, flooring, paint, appliances, and all new furniture—offering peace of mind and minimal future maintenance. No detail was overlooked, making this a true hands-off investment.
The property's prime coastal location drives high demand for both short-term and long-term rentals. Guests and tenants love the easy walk to the beach, nearby dining, and entertainment, which has translated into excellent occupancy and rental performance.
More Information MLS# 2121884
Contract Information
Current Price: $1,550,000
List Price: $1,550,000
Status: Active
Listing Contract Date: 2025-12-17
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 404
Street Name: MARGARET
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32266
Subdivision Name: Jax Beach Park
MLS Area Major: 222-Neptune Beach-West
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3000
Accessibility Features YN: No
New Construction YN: No
Year Built: 1947
Garage YN: No
Carport YN: No
Lot Size Acres: 0.125
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: 2
Stories: 2
Directions: Heading north on A1A, left on Margaret st. 3rd property on the right.
Heading south of A1A, right on margaret st. 3rd property on the right.
Public Remarks: Turnkey Beachside Quadplex | Strong Rental Income | Fully Remodeled & Furnished: An exceptional opportunity to own a fully renovated, income-producing quadplex just blocks from the beach. This turnkey investment is 100% furnished and ready to operate from day one, with a proven track record of strong, consistent rental revenue.
Each unit has been completely remodeled from top to bottom, including new roof, plumbing, electrical, drywall, flooring, paint, appliances, and all new furniture—offering peace of mind and minimal future maintenance. No detail was overlooked, making this a true hands-off investment.
The property's prime coastal location drives high demand for both short-term and long-term rentals. Guests and tenants love the easy walk to the beach, nearby dining, and entertainment, which has translated into excellent occupancy and rental performance.
List Price/SqFt: 516.67
Status Change Information
Major Change Timestamp: 2026-02-09T18:13:42Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-09T18:13:42Z
Currently Not Used
Property Attached YN: No
yn11: No
Income and Expenses
Gross Income: 168000
Net Operating Income: 135000
Unit 1 Details
Unit ID: 1
Actual Rent: 3200
Unit SqFt: 750
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: 1st floor left side
Unit 2 Details
Unit ID: 2
Actual Rent: 3200
Unit SqFt: 750
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: 1st floor right side
Unit 3 Details
Unit ID: 3
Actual Rent: 3200
Unit SqFt: 750
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: 2nd story left side
Unit 4 Details
Unit ID: 4
Actual Rent: 3200
Unit SqFt: 750
Beds Total: 2
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: 2nd story right side
Property Features
Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Freezer; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer; Washer/Dryer Stacked
Construction Materials: Concrete; Stucco
Cooling: Central Air
Current Use: Investment; Multi-Family; Residential
Exterior Features: Outdoor Shower
Flooring: Vinyl
Heating: Central
Income Includes: Rent Only
Laundry Features: In Unit
Levels: Two
Listing Terms: Cash; Conventional; FHA
Lot Features: Other
Parking Features: Assigned; Off Street; Shared Driveway
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Carbon Monoxide Detector(s); Fire Alarm
Sewer: Private Sewer
Utilities: Cable Available; Electricity Available; Separate Electric Meters; Water Available
Water Source: Private
Listing Office: HERRON REAL ESTATE LLC
Last Updated: February - 09 - 2026
Information deemed reliable but not guaranteed.