2917 ALGONQUIN Avenue
About This Property
Nestled on a picturesque, tree-lined street in one of Jacksonville's most sought-after neighborhoods, this prime piece of land offers endless potential. Whether you envision building a spacious custom estate or exploring the possibility of constructing two charming homes, this oversized lot provides the flexibility to bring your vision to life.
Surrounded by majestic, mature trees and classic architecture, the setting is peaceful, elegant, and brimming with character. Located on a beautiful street with a true neighborhood feel, you're just minutes from the St. John's River, local parks, and the shops and dining of Ortega Village.
Opportunities like this in Historic Ortega are rare-don't miss your chance to create something truly special in a location known for its timeless charm and community appeal.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $410,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017