Skip to main content
Photo 1 / 15
Active

720 WALNUT Street, Green Cove Springs, FL 32043

$429,500
MLS# 2148996
8
Bedrooms
4
Bathrooms
3,368
Sq Ft
1939
Year Built

About This Home — 720 WALNUT Street

Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Community front porch + picnic area • Vinyl siding • Off-street parking for 8 • 4-point inspection done (3 yrs ago, no issues) • Two heat/AC wall units per unit

Features

Price$429,500
Price / Sq Ft$128
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage3,368
Acres0.25 acres
Year Built1939
TypeResidential Income
Sub-TypeQuadruplex
StatusActive
Has PoolNo
Is WaterfrontNo
Direction FacesSouth

School Information

ElementaryCharles E. Bennett
MiddleGreen Cove Springs
HighClay

Community Information

Address720 WALNUT Street, Green Cove Springs, FL 32043
Area161-Green Cove Springs
Subdivision**verifying Subd**
CityGreen Cove Springs
CountyClay
StateFL
Zip Code32043
Lot Size10,890 sq ft
Parcel Number38062601742900000

Amenities

UtilitiesCable Available
SewerPublic Sewer
Water SourcePublic
ParkingOff Street

Interior

HeatingOther
CoolingWall/Window Unit(s)
FlooringCarpet
LaundryElectric Dryer Hookup, Washer Hookup

Exterior

Lot DescriptionHistoric Area
RoofMetal
ConstructionVinyl Siding
Road SurfacePaved

Additional Information

Date ListedJune 5, 2026
Days on Market3
Tax Amount$7,836.21
Tax Year2025
Listing TermsConventional, FHA, VA Loan
New ConstructionNo

Mortgage Calculator

$429,500
$85,900
Loan Term
Monthly Payment
$2,286
Principal & Interest: $2,286
Est. Taxes & Insurance: $571
Estimated Total Monthly
$2,857
*Estimates based on 30-year loan at 7% APR. Actual payments may vary.

Listing Courtesy of: COMMUNITY REALTY ASSOCIATES

Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).

Your Local Expert

Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.

Contact KristaText Krista about this home

20+ years · 500+ closings · NE Florida

Curious what nearby homes sold for?

MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.