1562 MORGAN Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
- Added:
- Jan 14, 2026
- Days on Market:
- 145
- Last Refresh:
- Jun 8 at 7:06 pm
Property Features for 1562 MORGAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking features
- Off Street, Parking Lot
- Security features
- Security System
- Standard status
- Active
- 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 agent ERIC RICE License #3421048 (904) 229-2619
Listing office KELLER WILLIAMS FIRST COAST REALTY 151 COLLEGE DRIVE UNIT 14, ORANGE PARK, FL (904) 541-0180
Listing date Jan 14, 2026
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
- Prime downtown location near restaurants, shops, entertainment, and major employers.
- Strong rental income potential from four spacious units.
- Opportunity for owner‑occupancy with rental income offsetting mortgage.
- Long‑term growth potential for investors.
- Concrete construction.
- Off‑street parking available.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.682468
- Latitude
- 30.336027
