Income-Producing Jacksonville Multifamily
1524 W 21ST Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
Property size:
2,340 SFLot size:
0.11 AcresPrice / SF:
$166/SF- Added:
- Nov 4, 2025
- Days on Market:
- 210
- Last Refresh:
- Jun 2 at 9:06 am
Property Features for 1524 W 21ST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7
- Parking features
- Parking Lot
- Appliances
- Electric Range, Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 0458030090
- Size
- 2,340 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5434
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
Listing agent CHAD NEUMANN License #3183802 (904) 720-8411
Listing office CHAD AND SANDY REAL ESTATE GROUP 8367 BAYMEADOWS WAY SUITE 200, Jacksonville, FL (904) 720-8411
Listing date Nov 4, 2025
MLS# 2116407
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.
HighLights
- Income‑producing apartment building with current rent roll available.
- Recently renovated units featuring new kitchens with granite countertops and updated bathrooms.
- New roof installed in 2021, ensuring long‑term value.
- Convenient location with easy access to shopping, dining, and I‑95.
- Central AC in three of the four units.
- Tile flooring throughout for easy maintenance.
Overview
This income-producing apartment building presents an opportunity for investors. Units 1 and 2 have been remodeled, featuring new kitchens with granite countertops and updated bathrooms. Units 1, 2, and 3 are equipped with central AC, while Unit 4 has a window AC unit. The property features tile flooring throughout. A new roof was installed in 2021. The property is conveniently located with access to shopping and dining options, and proximity to I-95. It is also located minutes away from downtown Jacksonville. The property contains 4 units and the building size is 2340 square feet on a 0.11-acre lot.
Local Financial Insights For Multifamily LT 5
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 | $34.5k | $14.76 |
| − Vacancy | −$3.1k | −$1.35 |
| EGI | $31.4k | $13.41 |
| − OpEx | −$9.4k | −$4.02 |
| NOI | $22.0k | $9.39 |
2,340 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.9K
$274.7K – $366.2K
NOI $21,972 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.5K
NOI $17,312 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$641.0K
$560.9K – $747.9K
NOI $44,872 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.680842
- Latitude
- 30.356468
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Remodeled apartment building near I-95 and downtown Jacksonville.
Where is this quadplex located?
The property is located at 1524 W 21ST Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Income‑producing apartment building with current rent roll available.; Recently renovated units featuring **new kitchens with granite countertops and updated bathrooms.**; **New roof installed in 2021**, ensuring long‑term value.
