Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

821 MINNIE Street, Jacksonville, FL 32204 (MLS# 2172051)

821 MINNIE Street, Jacksonville, FL 32204

New Listing

$889,000

Property Type: Commercial Sale Square Footage: 5,625 Lot Size (sq. ft.): 13,504 Status: Active

Current Price: $889,000 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Excellent multifamily investment opportunity in Jacksonville! Located at 821-835 Minnie Street, this property features eight residential units, each offering two bedrooms and one bathroom. The property is reported to be 100% leased, providing an established rental income stream. Units feature separate utilities, and the property is conveniently situated near Downtown Jacksonville. With a reported projected annual net income of $71,651.60, this property presents an attractive opportunity for investors seeking an income-producing asset. Buyer to verify rental income, expenses, lease terms, occupancy, and all property details. This information is deemed accurate but must be verified by the buyer and buyer's agent.

Supplements: This eight-unit multifamily property offers an opportunity for investors seeking an established rental asset in Jacksonville. The property consists of four concrete block duplexes on approximately 0.31 acres, with separately metered water and electricity. According to the marketing materials, the property is professionally managed and fully occupie ... (Read more)

Listing Details MLS# 2172051

General Property Information

Building Area Total: 5625
Building Area Source: Other
Year Built: 1951
Lot Size Acres: 0.31
Land Lease YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: 821 Minnie Street, Jacksonville, FL 32204
Public Remarks: Excellent multifamily investment opportunity in Jacksonville! Located at 821-835 Minnie Street, this property features eight residential units, each offering two bedrooms and one bathroom. The property is reported to be 100% leased, providing an established rental income stream. Units feature separate utilities, and the property is conveniently situated near Downtown Jacksonville. With a reported projected annual net income of $71,651.60, this property presents an attractive opportunity for investors seeking an income-producing asset. Buyer to verify rental income, expenses, lease terms, occupancy, and all property details. This information is deemed accurate but must be verified by the buyer and buyer's agent.
List Price/SqFt: 158.04

Property Features

Business Type: Rental; Residential Cooling: Ceiling Fan(s) Current Use: Multi-Family Existing Lease Type: Gross Listing Terms: Cash; Conventional Lot Features: Cleared Operating Expense Includes: Insurance; Maintenance; Maintenance Grounds; Maintenance Structure; Manager; New Tax; Pest Control; Professional Management; Supplies; Trash; Water/Sewer Owner Pays: Insurance; Taxes Parking Features: On Street Possession: Subject To Tenant Rights Road Frontage Type: City Street Sale Includes: Building & Land Tenant Pays: Electricity; Water

Contract Information

Listing Contract Date: 2026-03-27
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 821
Street Name: MINNIE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32204
Subdivision Name: Auberts
MLS Area Major: 074-Paxon

Status Change Information

Major Change Timestamp: 2026-11-03T13:15:57Z
Major Change Type: New Listing

Building Features

Building Class: C

More Information

Income and Expenses

Net Operating Income: 71651.6

Listing Office: BLUE PEAK REALTY LLC

Last Updated: November - 03 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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