Jacksonville Multifamily Property For
1534 MORGAN Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
Property size:
2,776 SFLot size:
0.14 AcresPrice / SF:
$154/SF- Added:
- Apr 1, 2026
- Days on Market:
- 59
- Last Refresh:
- May 29 at 7:06 pm
Property Features for 1534 MORGAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 10, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 11, Bedroom 12, Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 9
- Parking features
- Carport
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 0758700100
- Size
- 2,776 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1414
Utilities
- Utilities
- Water Available
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1969
- Number of units
- 4
Listing agent STEVEN KOLENO License #3469487 (804) 656-5007
Listing office BEYCOME OF FLORIDA LLC 5701 Sunset Drive Suite 224, Miami, FL (804) 656-5007
Listing date Apr 1, 2026
MLS# 2137808
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
- Strong rental demand area, with two units already rented at $1100 and $1150 per month.
- Low‑maintenance asset due to solid block construction and low‑maintenance systems.
- Renovated exteriors and partially renovated interiors with clean, modern finishes.
- Individually metered utilities for each unit.
- Consistent, rent‑ready interiors across all units.
- Each unit has individual access and a functional layout.
Overview
Located in Jacksonville, Florida, this multifamily property at 1534 Morgan Street comprises four units featuring renovated exteriors and partially renovated interiors with clean, modern finishes. Each unit offers a functional layout designed for rental appeal. Unit #4 is currently rented for $1100 per month, and Unit #2 is rented for $1150 per month, with strong demand for the other two units. The property features a solid block construction exterior and low-maintenance systems. Individual unit access enhances tenant privacy and convenience. The interiors benefit from ample natural light and efficient layouts, with consistent finishes throughout the units to simplify leasing and management. This low-maintenance asset is individually metered for utilities. The property is situated on a 0.14-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 | $41.0k | $14.76 |
| − Vacancy | −$3.7k | −$1.35 |
| EGI | $37.2k | $13.41 |
| − OpEx | −$11.2k | −$4.02 |
| NOI | $26.1k | $9.39 |
2,776 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.4K
$325.8K – $434.4K
NOI $26,066 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$760.5K
$665.4K – $887.2K
NOI $53,233 @ 7.0% cap · market cap 12.41%
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
- -81.681929
- Latitude
- 30.336139
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with renovated exteriors and partially renovated interiors.
Where is this quadplex located?
The property is located at 1534 MORGAN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Strong rental demand area, with two units already rented at $1100 and $1150 per month.; Low‑maintenance asset due to solid block construction and low‑maintenance systems.; Renovated exteriors and partially renovated interiors with clean, modern finishes.
