8
Map
$140,000
↓ $5K (3.4%)
●
Land -
For Sale
3521 DREW Street
Jacksonville, FL 32207
Studio
0 Bath
$879
Est. Monthly
About This Property
Avoid thousands in impact fees and start building sooner! This rare
0.15-acre cleared homesite in the highly desirable San Marco/ South
Riverside area is ready for your vision. The previous home was
professionally demolished, saving you the time and expense of site
preparation.
Zoned RMD-B, this property offers outstanding flexibility for single-family homes, townhomes, or multifamily development (buyer to verify intended use with the City of Jacksonville).
The seller has architectural plans available for an approximately 2,500 sq. ft. custom home plus a 500 sq. ft. ADU, giving you a valuable head start, or bring your own plans.
Located just minutes from San Marco Square, the St. Johns River, downtown Jacksonville, top-rated dining, shopping, hospitals, and entertainment, this is a great investment opportunity to own a cleared, build-ready lot. Survey is available upon request.
Zoned RMD-B, this property offers outstanding flexibility for single-family homes, townhomes, or multifamily development (buyer to verify intended use with the City of Jacksonville).
The seller has architectural plans available for an approximately 2,500 sq. ft. custom home plus a 500 sq. ft. ADU, giving you a valuable head start, or bring your own plans.
Located just minutes from San Marco Square, the St. Johns River, downtown Jacksonville, top-rated dining, shopping, hospitals, and entertainment, this is a great investment opportunity to own a cleared, build-ready lot. Survey is available upon request.
Unit Size
-
Days on Market
66 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$192
HOA Dues
-
Year Built
1925
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 16 days ago (Real MLS #2157851)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$140,000
↓ $5K
(3.5%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$145,000
↓ $5K
(3.3%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by BLUEFIN REAL ESTATE GROUP | $150,000 | |
| Listed by BLUEFIN REAL ESTATE GROUP | |||
| Mar 4, 2026 | Listed by COAST TO COAST REAL ESTATE PRO | $185,000 | |
| Listed by COAST TO COAST REAL ESTATE PRO | |||
   | |||
|
Cleared and vacant lot near the heart of Downtown Jacksonville. This 0.15-acre property is zoned multi-family (RMD-B), offering excellent flexibility for builders, homeowners, or investors seeking long-term appreciation or rental cash flow. The city allows for a duplex or a single-family home with an ADU, making it ideal for multi-generational living or income potential. Located in the desirable San Marco / South Riverside area, just minutes from Downtown Jacksonville and the St. Johns River, the neighborhood features a mix of historic homes, new construction, and redevelopment, along with convenient access to dining, parks, major roadways, and employment centers. Great opportunity for new construction or long-term investment in one of Jacksonville’s steadily growing areas. Surveys available with contract. The seller has drawings available for a 2,500+ sq ft home with a 500 sq ft ADU—ask for details.
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Property Highlights
Exterior Details
Lot Features: Cleared, Few Trees
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Financial Details
Tax Annual Amount: $2,298
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southeast Jacksonville
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Listed by: AMBER REEDER, BLUEFIN REAL ESTATE GROUP
Last Updated: 16 days ago
Data Source: Real MLS, MLS# 2157851
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 16 days ago
Data Source: Real MLS, MLS# 2157851
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