Discover a rare investment opportunity in the heart of historic St. Augustine! This updated and remodeled duplex is ideally situated on a corner lot just minutes from the city’s renowned historic attractions, dining, shopping, entertainment, and vibrant downtown district. Each thoughtfully designed unit features 1 bedroom, 1 bathroom, a full kitchen, and its own private laundry, offering comfortable and functional accommodations for short-term guests. The lower-level unit showcases classic hardwood flooring and a welcoming layout, while the second-floor unit enjoys a separate entrance, a covered front balcony, and a spacious rear deck—providing desirable outdoor spaces for guests to relax and enjoy the St. Augustine lifestyle. Both units have been updated and maintained to support the property’s established rental appeal. This duplex has grossed approximately $100,000 annually for the past 10 years, demonstrating a strong history of short-term rental performance.
Its exceptional location allows guests to easily explore the best of the Nation’s Oldest City, while convenient access to US-1 makes traveling throughout St. Augustine and beyond a breeze. Whether you're looking to expand your investment portfolio, establish a proven income-producing property, or own a piece of historic St. Augustine with strong rental potential, this downtown duplex offers an exceptional combination of location, flexibility, and established income history.
Multi-familyProperty Type
1910Year Built
$491Price/Sq.Ft.
Listed by Noah Bailey• Keller Williams Realty Atlantic Partners St Augustine
Listed by Andrew Butler• Keller Williams Realty Atlantic Partners St Augustine
Flagler's Model Land, located between King Street and the Matanzas River, is a historic and walkable St. Augustine neighborhood with ornate Gilded Age architecture and a waterfront edge. The neighborhood’s character concentrates around King Street at San Marco Avenue, where galleries, independent boutiques, and sidewalk cafes set a steady, old-city rhythm. Flagler College’s campus and its landmark Ponce de Leon Hall lend a collegiate, architectural backbone to daily street life. The Lightner Museum adds a cultural counterpoint inside the former Alcazar Hotel. Brick sidewalks, courtyards, and carved stone details define the streetscape. Nearby plazas and the bayfront frame routines around strolling, coffee stops, and museum hours.
Provided by Walk Score and Local Logic
Market insights
5 Riberia St · $650,000
DAYS ON MARKET
1 days
The average home goes pending in 77 days.
SALE-TO-LIST
97.3%
Most homes are selling 3% below list price.
LIST PRICE
$650,000
Median sale price in this area is $553,185. (15% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Furnished
Parking
Laundry
Bedrooms
Unit 1: 1 bedroom
Unit 2: 1 bedroom
Bathrooms
Unit 1: 1 bathroom
Unit 2: 1 bathroom
Kitchen
Dishwasher
Range
Refrigerator
Laundry & utility
Laundry in unit
Heating & cooling
Central heating
Central air conditioning
Exterior features
Corner lot
Lot dimensions approximately 33 x 114 x 33 x 114
Home design
Multi-unit property (2 units)
Entry levels include ground level and second story
Located in Model Land Co-St subdivision
Parking
On-site parking
Construction
Frame and stucco construction
Utilities
City water
Sewer service
Other
Two units each approximately 662 living area
Electricity and solar
View estimated energy costs and solar savings for this home
St. Augustine and St. Johns County Board of REALTORS® #264064
Sep 11, 2026
Listed
$650,000
$491/sq ft
Stellar MLS as Distributed by MLS Grid #FC216222
Jun 22, 2022
Listing Removed
—
realMLS #835170
Sep 12, 2016
Sold
$195,000
$147/sq ft
Aug 14, 2016
Pending
—
Aug 3, 2016
Relisted
—
Jul 25, 2016
Contingent
—
Jul 18, 2016
Relisted
—
Jul 7, 2016
Pending
—
Jun 27, 2016
Listed
$209,900
$159/sq ft
+11
Your downtown turn key investment is here with this easily maintained 2 story duplex. Live worry free and sit back and collect the income as this home has all the high ticket repairs already done to it. The roof was replaced with a metal roof back in 2005 and the air compressors were replaced back in 2011 and 2014. Also the home is on a transferable termite bond with Florida Pest Control and each unit has its own electric meter. The home is in historic downtown & close to the bay front and fort. This property is close to Flagler College for the demand of stable renting. Should you fancy it, the home also has a staircase making it easily converted back to a single family residence. This is truly a remarkable opportunity with a lot of flexibility. Both units have great rental history.
St. Augustine and St. Johns County Board of REALTORS® #164067
Sep 12, 2016
Sold
$195,000
$147/sq ft
Sep 7, 2016
Delisted
—
Jun 24, 2016
Listed
$209,900
$159/sq ft
realMLS #767877
Mar 31, 2016
Listing Removed
—
Apr 17, 2015
Listed
$215,000
$162/sq ft
Apr 17, 2015
Price Changed
$212,000
$160/sq ft
Public Records
Jan 6, 2005
Sold
$203,000
$153/sq ft
Public Records
Nov 1, 1988
Sold
$53,900
$41/sq ft
Public Records
Jul 1, 1982
Sold
$25,000
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,641 (+11.2%)
$128,040 + $205,749
$333,789
2024
$5,970 (+7.1%)
$128,040 + $205,749
$333,789
2023
$5,573 (+8.4%)
2022
$5,142 (+12.7%)
2021
$4,564 (+5.7%)
$91,228 + $139,601
$230,829
2020
$4,320 (+1.0%)
$91,228 + $125,228
$216,456
2019
$4,277 (−1.2%)
$91,228 + $117,071
$208,299
2018
$4,329 (+18.0%)
$91,228 + $117,071
$208,299
2017
$3,668 (+11.8%)
$91,228 + $84,347
$175,575
2016
$3,282 (+6.2%)
$79,225 + $77,087
$156,312
2015
$3,090 (+7.2%)
$72,022 + $71,611
$143,633
2014
$2,883
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
33 ft.
Lot depth
114 ft.
Lot size
3,920 Sq. Ft.
Year renovated
1992
Finished Sq. Ft.
1,324
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,324
Year built
1910
Style
Single Family Residential
County
St. Johns County
APN
2060800000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
RG-1
Residential, General-One District
This district is intended to apply to those neighborhoods designated for multiple-family dwellings and uses, as well as those nonresidential uses compatible and complementary with medium density residential uses, so as to create and maintain a medium intensity residential character.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Recreation
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 21 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Saint Augustine, FL • 32084
Average low and high temperatures (°F)
63
44
69
50
75
57
79
63
86
71
89
74
90
76
89
76
85
75
79
68
75
59
68
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Saint Augustine. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5 Riberia St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $390,000 and $767,500.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $390K to $768K.