Riverside Apartments
A historic six-unit multifamily property in Jacksonville's Riverside neighborhood, currently being renovated and now leasing completed units.
2247 Riverside Avenue is a value-add multifamily property purchased in fall 2025. Each unit features 2 BR/1BA with in-unit washer/dryers. A major renovation is being undertaken both inside and out, thoroughly updating and modernizing the building while respecting its historic character. Located two blocks from the beautiful St. Johns River and in the heart of Riverside, the property is now well repositioned as a premier urban residence in the growing Jacksonville, FL MSA. Professionally managed, this property will enjoy strong resident demand, and long-term asset performance.
Riverside Historic District
Riverside is one of Jacksonville's most sought-after urban neighborhoods, pairing historic preservation with everyday urban vibrancy. Set immediately southwest of Downtown along the St. Johns River, it has become the city's favored live-work-play address, drawing young professionals and families to its walkable, amenity-rich streets.
Residents step out to a dense cluster of independent shops and restaurants at Five Points, all within easy walking distance. A listing on the National Register of Historic Places, and recognition as one of the country's "Top 10 Great Neighborhoods," reflect a market position few Jacksonville submarkets can match.
Jacksonville, FL MSA
Jacksonville is experiencing an unprecedented development boom with capital inflow. There is $8 billion in current projects underway that will fundamentally transform and revitalize the urban core, creating sustained multifamily demand growth. Below are highlights of the major growth catalysts:
Gateway Jax — $2B Development
A $2 billion investment including the Pearl Street District, spanning 22 downtown acres and more than 20 blocks. Led by the same development team behind Water Street Tampa, which drove 41.7% rent growth in surrounding market-rate apartments, this project will fundamentally transform the urban core.
EverBank Stadium Renovation — $1.4 Billion
The transformation of EverBank Stadium represents the largest public infrastructure investment in Jacksonville history and will host the Jacksonville Jaguars for 30 years, while positioning Jacksonville to compete for future national sporting events, concerts, and entertainment programming year-round.
Jacksonville Shipyards — $2.5 Billion
A mixed-use waterfront district surrounding EverBank Stadium, featuring a modernized marina and a Four Seasons Hotel.
Riverfront Jacksonville — $1.1 Billion
A transformative mixed-use development along the picturesque St. Johns River that will add substantial residential and commercial inventory to downtown, including a 15-acre public park with amphitheater and event spaces.