The Royal Floridian l Heated Pool l Walk to DNTN

Boutique riverfront for large group, walk Downtown

The Grand Augustine l Heated Pool  l Walk to DNTN

Walk to Downtown | Fire Pit | Pets + Free Parking

Walk to Downtown, Spacious Family-Friendly Home

Casa de Soulshine • Pool, Games & Good Vibes

Buena Vista, St. Augustine

Huge Downtown Victorian Home in Historic District

Sanford Splash l Pool l Dogs OK l Walk to DNTN

Pool! Waterfront, Huge Deck, $300 in Free Tickets

Sunny's | Downtown Saint Augustine!

59 Cuna l Heart of Downtown | Hot Tub

The Big Sanchez - 5 BR-3BA - 1890s Charm

Private Rooftop| 5 Minutes to the Beach & DownTown

2 Homes | Sleeps 12 | 5 minutes to Beach/Downtown

Newly renovated downtown St. Augustine eight beds

Luxury 6/5.5 Water View | Rooftop & Private Pool

Caballero Reyes House | Downtown

Anastasia Steps to Downtown Full House MCM Beach

Sunshine between historic downtown and the beach!

Giant Oasis-2 Homes side by side-6BR 4BA|20 people

Excellent Location, Luxury, Historic Charm, Grill

Renovated 1920 -DT 2 Block stroll -Beach only 3 Mi

Brand New Island Life- Garden Hot Tub, Tiki Bar

Newly Renovated Home in Downtown St Augustine

2 Homes 0.3mi Apart · Sleeps 13 · 1mi Downtown

2 Homes! Perfect for Families or Groups!

Pool dream home!5BR 3Story Home on Vilano Beach

6 bedroom Oasis | Pool | Sleeps 15

6BR/4BA Historic Estate | Downtown St Augustine

Southern Comfort - Downtown|Hot Tub|Heated Pool

Fully Restored Historic Luxury Home Griffin Estate

Waterfront, Watch Dolphins, $300 in Free Tickets!

The Palm Houses-2 Homes-Private Pickleball Court!

Beautiful Home, Plenty of parking, walk to everyth

St. Augustine "Pink House" Sleep 12, 6 Bd/3.5 Bth

Perfect for Special Occasions $300 in Free Tickets

The Gatsby Mansion/Heated Pool/Heart of Town

Splash & Explore

Vibrant Coastal Home, Pool, Spa, Near Vilano Beach

Sea|Nature|Relax 5BR/3BA-5min walk to beach

Cityside Sanctuary: Pool, Game Room, Steps to Town

The White Gorgeous - Saint Augustine's Jewel

Walk to Historic downtown, Heated Pool, Grill, Dog

Historic Home & Charming Guest home

BIG Backyard w/Terrace|Dining|Games | 6min2Beach

Historic Uptown St Augustine 4/3 | Pool + Fire Pit

Pool + Spa, Downtown, by Beach, FOY, Add Golf Cart

Steps to Ice Plant, in Downtown St Augustine

**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

16 Mulvey St St. Augustine, Florida

$217,622

Annual Revenue

Investment Value Over Time