$1,740,000
- 5 Beds
- 5 Baths
16 Mulvey St, Saint Augustine, FL 32084
Est. Mortgage $11,059/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1890
Local Information
-- mins to
About this House
**Historic Downtown St. Augustine Turnkey Investment Opportunity** Rare opportunity to own a premier income-producing property in the heart of Downtown St. Augustine's Historic Entertainment District. This beautifully maintained five-unit multifamily property is currently operating as a highly successful short-term rental with a proven track record, generating $313,000 in gross revenue in 2025. The property has outpaced most of the competition in revenue growth with last year representing a 22% increase over the past 4 years. The property consists of four spacious one-bedroom, one-bath apartments and one efficiency apartment, offering an ideal mix of accommodations for visitors seeking the charm and convenience of the Nation's Oldest City. Whether you're an experienced investor or looking to enter the thriving vacation rental market, this turnkey opportunity is ready to continue producing exceptional returns. Major capital improvements have already been completed, including a newer roof, updated electrical and plumbing systems, and a current termite bond, providing peace of mind for years to come. Situated on a rare double lot, the property features a beautifully landscaped backyard retreat that sets it apart from the competition. Guests can enjoy their morning coffee surrounded by mature landscaping and birdsong or unwind after a day exploring the city in this peaceful outdoor oasis. The location is simply unbeatable—just steps from St. Augustine's renowned restaurants, shops, galleries, live music, museums, and historic attractions, while only minutes from the area's beautiful beaches. This is the perfect combination of historic charm, walkability, and coastal living. This is more than a property—it's an opportunity to own a thriving hospitality business in one of Florida's most iconic and desirable destinations. **Attractive Financing Potential** The property's strong operating history may make it an outstanding candidate for a Debt Service Coverage Ratio (DSCR) loan, allowing qualified buyers to potentially qualify based primarily on the property's income rather than personal income. Based on the property's proven performance, a qualified buyer with strong credit, a 25% down payment, and an interest rate in the 7% range could potentially achieve a Debt Service Coverage Ratio exceeding 1.70 while realizing an estimated cash-on-cash return of more than 30%. Actual financing terms and investment returns will vary based on lender requirements, operating expenses, and borrower qualifications. For a personalized financing analysis and to learn more about available business-purpose loan products, contact our preferred lender Gary Field, who can provide customized loan scenarios and help you identify the financing solution best suited to your investment objectives. Gary Field 603-566-9346 gfield@newfed.com NMLS 2738702 NewFed Mortgage Corp. NMLS 1881
Last check for updates: about 7 hours ago
Listing courtesy of Ian Hyde, (904) 797-6000
Century 21 St Augustine Properties
Source: St Augustine St Johns County BOR, MLS#263419

Also Listed on St Augustine St Johns County BOR.
Home Details for 16 Mulvey St
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 5 |
Appliances & Utilities Appliances: Dishwasher, Kitchen Equipment, Microwave, Range, RefrigeratorDishwasherLaundry: Laundry RoomMicrowaveRefrigerator |
Heating & Cooling Heating: Central,Electric,Window Unit,Fireplace(s)Has CoolingAir Conditioning: Central Air,Window Unit(s)Has HeatingHeating Fuel: Central |
Fireplace & Spa Has a Fireplace |
Windows, Doors, Floors & Walls Window: Window Treatments |
Levels, Entrance, & Accessibility Entry Location: Ground Level |
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Parking & Garage Parking: Parking |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 39 |
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Year Built Year Built: 1890 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Property Information Parcel Number: 2060600000 |
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Price List Price: $1,740,000 |
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MLS Status: Active |
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Direction & Address City: St AugustineCommunity: Model Land Co-Fl |
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Listing Agent Listing ID: 263419 |
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Lot Area: 7405 sqft |
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Listing Terms: Cash, Conventional |
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Furnished |
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Mls Number: 263419Attribution Contact: 904-797-6000 |
Around this home
What Locals Say about Saint Augustine
At least 670 Trulia users voted on each feature.
91 % Say it's dog friendly
90 % Say car is needed
79 % Say there's holiday spirit
79 % Say yards are well-kept
74 % Say people would walk alone at night
73 % Say it's quiet
70 % Say parking is easy
68 % Say kids play outside
63 % Say there's wildlife
63 % Say there are sidewalks
60 % Say neighbors are friendly
56 % Say they plan to stay for at least 5 years
53 % Say streets are well-lit
40 % Say there are community events
35 % Say it's walkable to restaurants
31 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
Market trends in Saint Augustine
Last updated July 2026
Avg. sale price
$432K
$13.33KMoM
Sale-to-List Price
97.5%
0.3%MoM
Price per sq ft
$227
$1MoM
Available listings
1789
109MoM
Home Value
Trulia Estimate
$1.58MSince last month
Decreased$70K (-4.2%)Since last year
Increased$504K (+46.7%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -12% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.59M |
| August 2026 | $1.58M |
| July 2026 | $1.66M |
2025 | |
2024 | |
2023 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.35 | Multi-Family Home | $1,030,000 | 07/01/26 | 5 | 4.5 | 2,891 | |
0.07 | Multi-Family Home | $550,000 | 03/06/26 | 4 | 2 | 2,193 | |
0.42 | Multi-Family Home | $1,370,000 | 01/29/26 | 5 | 5 | - | |
0.30 | Multi-Family Home | $824,000 | 01/30/26 | 5 | 3 | 2,622 | |
0.18 | Multi-Family Home | $905,000 | 08/05/26 | 3 | 3 | 2,067 | |
0.45 | Multi-Family Home | $1,148,000 | 06/17/26 | 4 | 4 | 1,970 | |
0.67 | Multi-Family Home | $360,000 | 04/27/26 | 4 | 3 | 1,728 | |
0.69 | Multi-Family Home | $1,650,000 | 06/15/26 | 9 | 7 | 5,903 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $1,146,300 | 4 | 3 | 2,293 | Off Market | |
0.06 | $965,200 | 2 | 2.5 | 2,536 | Off Market | |
0.07 | $644,200 | 3 | 2 | 1,470 | Off Market | |
0.07 | $823,200 | 3 | 2.5 | 1,923 | Off Market | |
0.07 | $550,000 | 4 | 2 | 2,193 | Recently Sold | |
0.08 | - | 3 | 4 | 2,220 | Off Market | |
0.03 | $630,000 | 4 | 2 | 1,920 | For Sale | |
0.09 | $1,060,000 | 4 | 2 | 2,080 | Recently Sold | |
0.06 | $850,000 | 4 | 3 | 2,590 | For Sale | |
0.10 | $468,300 | 2 | 2 | 1,091 | Off Market | |
0.11 | $966,200 | 3 | 2 | 1,797 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 27, 2026 Source: St Augustine St Johns County BOR #263419 | Listed For Sale | $1,740,000 |
Apr 2, 2025 Source: N/A | ListingRemoved | |
Feb 13, 2025 Source: N/A | Listed For Sale | $1,895,000 |
Jul 5, 2023 Source: realMLS #1223463 | ListingRemoved | |
May 25, 2023 Source: St Augustine St Johns County BOR #232032 | PriceChange | $1,975,000 Price decreased by 1% |
Apr 23, 2023 Source: realMLS #1223463 | Listed For Sale | $2,000,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ian Hyde, Century 21 St Augustine Properties
Agent Phone: (904) 797-6000

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2026 St Augustine & St. Johns County Board of REALTORS®. All rights reserved.
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Frequently asked questions about 16 Mulvey St
- What is the estimated monthly payment for 16 Mulvey St?Based on a $1,740,000 list price with 20% down at today's rates, the estimated monthly payment for 16 Mulvey St in Saint Augustine, FL is approximately $11,093 (about $9,118 principal & interest, $1,900 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 16 Mulvey St compare to homes in Saint Augustine?16 Mulvey St in Saint Augustine, FL is listed at $1,740,000, about 303% above the $432K median sale price in Saint Augustine.
- What do residents say about Saint Augustine?Residents describe Saint Augustine, FL as dog-friendly, well-kept, and quiet. Most residents say you need a car. See homes for sale in Saint Augustine, FL.
- What are the closest schools to 16 Mulvey St?The closest schools to 16 Mulvey St in Saint Augustine, FL are Ketterlinus Elementary School (Pre-K, rated 8/10), Sebastian Middle School (rated 7/10), St. Augustine High School (Middle, rated 6/10).
- Does 16 Mulvey St have air conditioning?Yes, 16 Mulvey St in Saint Augustine, FL has air conditioning.
- Does 16 Mulvey St have laundry facilities?Yes, 16 Mulvey St in Saint Augustine, FL has laundry facilities.
16 Mulvey St, Saint Augustine, FL 32084 is a 5 bedroom, 5 bathroom multi-family built in 1890. This property is currently available for sale and was listed by St Augustine St Johns County BOR on Jul 27, 2026. The MLS # for this home is MLS# 263419.

