5822 TROUT RIVER Boulevard
About This Property
Inside, the heavy lifting has already been done. Fresh interior and exterior paint, a new roof (2022), newer HVAC (2022), newer windows (2022), updated kitchen, knockdown ceilings, and newer laminate flooring mean this is not a project house. It's clean, comfortable, and easy to own. There's also a two-car garage, and a fully fenced yard with mature trees dripping with Spanish moss.
From an investment standpoint, this one's especially appealing. The home is currently tenant-occupied on a month-to-month lease at $1,475/month. The tenant can vacate at closing if you want to move in or reposition the property--or stay on if you're looking for immediate rental income without skipping a beat.
Located on Jacksonville's northside, you'll appreciate the space, privacy, and convenience. It's just a short walk to the Little Trout River, perfect for anyone who enjoys a bit of nature nearby, and a quick hop to I-295 for an easy commute around the city. Whether you're building your rental portfolio or looking for a home that can pay for itself now and evolve later, this property makes a lot of sense--and it does it without trying too hard.
Property backs up to 5 acre plot at 9843 Wagner Rd, also for sale (MLS #2135612), offering even more investment opportunity.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by MOMENTUM REALTY | $220,000 | |
| Listed by MOMENTUM REALTY | |||
| Apr 5, 2018 | Listed by WATSON REALTY CORP | $95,000 | |
| Listed by WATSON REALTY CORP | |||
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THIS PROPERTY IS BEING SOLD AS A PACKAGE ALONG WITH THE PROPERTY LISTED NEXT TO IT, 9843 WAGNER RD. THE PROPERTY AS A WHOLE OFFERS A WONDERFUL OPPORTUNITY FOR AN INVESTOR. THERE IS ALSO A 1 BEDROOM 1 BATH COTTAGE, A 3 BEDROOM 1 BATHROOM HOME, AS WELL AS 4 SLABS WITH SEPTIC, WATER, AND ELECTRIC SET UPS FOR MOBILE HOMES.
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| Feb 6, 2017 | Listed by WATSON REALTY CORP | $95,000 | |
| Listed by WATSON REALTY CORP | |||
| | |||
|
THIS PROPERTY IS BEING SOLD AS A PACKAGE ALONG WITH THE PROPERTY LISTED NEXT TO IT, 9843 WAGNER RD. THE PROPERTY AS A WHOLE OFFERS A WONDERFUL OPPERTUNITY FOR AN INVESTOR. THERE IS ALSO A 1 BEDROOM 1 BATH COTTAGE, A 3 BEDROOM 1 BATHROOM HOME, AS WELL AS 4 SLABS WITH SEPTIC, WATER, AND ELECTRIC SET UPS FOR MOBILE HOMES. THERE IS APPROXIMATELY 150 FEET OF WATER FRONT NAVIGABLE TO THE OCEAN.
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Property Highlights
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About Northwest Jacksonville
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$1,800 /mo
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$1,295 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017