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9843 WAGNER Road
About This Property
The property is currently zoned RLD-60, allowing one home per half acre, creating the potential for approximately 10 half-acre lots if subdivided (buyer to verify). Formerly operated as a mobile home park, the property already has multiple septic systems in place and currently generates income.
Three tenant-occupied lots are currently leased (trailers are owned by tenants): • Trailer 1 - $220/month lot lease • Trailer 2 - $160/month lot lease (tenant also maintains mowing of the property) • Trailer 3 - $300/month lot lease
The property also includes two existing houses: • House 1: 3 bedrooms, 1 bath, tile flooring with carpet in bedrooms, includes stove and refrigerator • House 2: 1 bedroom, 1 bath structure that has been fully gutted and is ready for renovation
City water and sewer are located nearby, offering potential flexibility for future development (buyer to verify availability and connection requirements).
With paved road frontage, mature trees, and peaceful river views, the property offers a unique blend of natural beauty, existing income, and future development opportunity, all while remaining conveniently located within Jacksonville.
The property is supported by a 120-foot free-flowing well with dual pumps to maintain strong, consistent water pressure. There are seven septic systems on site, with four currently in active use.
Whether you're looking to develop, renovate, expand rental income, or build along the river, this property offers a rare combination of waterfront land, infrastructure, and flexibility.
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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%.
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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 |
|---|---|---|---|
| Mar 13, 2026 | Listed by MOMENTUM REALTY | $415,000 | |
| Listed by MOMENTUM REALTY | |||
| Apr 5, 2018 | Listed by WATSON REALTY CORP | $385,000 | |
| 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, 5822 TROUT RIVER BLVD. A 3 BEDROOM 1 AND 1/2 BATHROOM HOME. 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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| Feb 6, 2017 | Listed by WATSON REALTY CORP | $385,000 | |
| 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, 5822 TROUT RIVER BLVD. A 3 BEDROOM 1 AND 1/2 BATHROOM HOME. 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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| Mar 27, 2015 | Listed by WATSON REALTY CORP | $359,000 | |
| 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, 5822 Trout River Blvd, a 3 bedroom, 1&1/2 bath home. The property as a whole offers a wonderful opportunity for an investor. There is also on Wagner a 1/1 Cottage, another 3/1 home as well as 4 Septic/water/electric set ups for Mobile homes. There is approximately 2 1/2 Acres undeveloped with approximately 150 feet located on deep water navigable to the ocean. Renters are already on the property. Property Attached to MLS #764277
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Property Highlights
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017