Jacksonville Quadplex: Income and
1562 MORGAN Street Jacksonville, FL 32209
For Sale
Under Contract
$410,000
MULTI_FAMILY - Jacksonville, FL
Property Size2,776 SF
Lot Size0.14 Acres
Price / SF$147.69
Days on Market191
Property Features for 1562 MORGAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 4
- Parking features
- Parking Lot, Off Street
- Security features
- Security System
- Standard status
- Active Under Contract
- APN
- 0758720000
- Size
- 2,776 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1414
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Concrete
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY
(904) 541-0180
Listed By:
ERIC RICE · License #3421048
(904) 229-2619
Added: Jan 14
Changed: Jul 23
Last Checked: Jul 24 at 1:06AM
MLS# 2125138
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 quadplex is located in downtown Jacksonville, offering a blend of location, income potential, and versatility. Situated steps from restaurants, shops, entertainment, and major employers, it provides convenience for tenants and an attractive lifestyle for an owner-occupant. The property features four spacious units, positioning it to generate rental income and cash flow. Investors may appreciate the long-term growth potential, while owner-occupants have the opportunity to live in one unit and offset the mortgage with the remaining rentals. The property size is 2776 square feet, situated on a 0.14-acre lot.
Key Highlights
- Quadplex with four units in downtown
- Built in 1971
- Cooling provided by wall/window unit(s) and window unit(s)
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 6.36%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$760.5K
$665.4K – $887.2K
NOI $53,233 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Quadplex in downtown Jacksonville with income potential and prime location.
Where is this quadplex located?
The property is located at 1562 MORGAN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Quadplex with four units in downtown; Built in 1971; Cooling provided by wall/window unit(s) and window unit(s)
