Jacksonville Multifamily Investment
115 4TH Street Jacksonville, FL 32206
115 4TH Street, Jacksonville, FL, 32206
$499,000
For Sale
$499,000
MULTI_FAMILY - Jacksonville, FL
Property Size3,740 SF
Lot Size0.09 Acres
Price / SF$133.42
Days on Market108
Property Features for 115 4TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4
- Parking features
- On Street
- Standard status
- Active
- APN
- 0710050000
- Size
- 3,740 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6478
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing Agency
UNITED REAL ESTATE GALLERY
(904) 500-3948
8380 Baymeadows Rd Ste 17, Jacksonville, FL
Listed by
JONATHAN MILLER · License #3323105
(904) 566-2298
Added: Mar 31 Checked: Jul 16 at 3:06 pm
MLS# 2138194
Listing URL
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a five-unit multifamily property located in Historic Springfield. The property has current scheduled rents of $4,525 per month. The unit mix and rent schedule are available. The utility reimbursement structure varies by unit. The property is tenant-occupied with restricted showings to minimize disruption. This offers an opportunity for investors seeking in-place cash flow. Additional diligence materials are available upon request. The lot size is 0.09 acres and the property size is 3,740 square feet.
Key Highlights
- Five‑unit multifamily asset in Historic Springfield with current scheduled rents of $4,525/month
- Built in 1908 with frame construction and wood siding
- Electric heating with wall/window unit cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $14.88 |
| − Vacancy | −$5.3k | −$1.43 |
| EGI | $50.3k | $13.45 |
| − OpEx | −$22.6k | −$6.05 |
| NOI | $27.7k | $7.40 |
3,740 SF · lease $14.88/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.5K – $1.20M
NOI $71,718 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Historic Springfield with in-place cash flow.
Where is this apartment building located?
The property is located at 115 4TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Five‑unit multifamily asset in Historic Springfield with current scheduled rents of $4,525/month; Built in 1908 with frame construction and wood siding; Electric heating with wall/window unit cooling
