Six-Unit Apartment
For Sale
$690,000
3264 ST AUGUSTINE Road, Jacksonville, FL 32207
Residential Income, Jacksonville, FL
Property Size3,472 SF
Lot Size0.40 Acres
Price / SF$198.73
Days on Market97
Property Features for 3264 ST AUGUSTINE Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Parking features
Parking Lot, Driveway
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
Section Land
Lot features
Few Trees
Directions
From 95 North, take exit to Atlantic Blvd turn left on Atlantic Blvd, left onto Hendricks Avenue. Left on Kingswood Road, Left onto St Augustine Rd, property is immediately on left with white fence.
Standard status
Active
APN
0821500000
Size
3,472 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13728
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
6
Flooring type
Tile
Building materials
Concrete
Listing Agency:
ROUND TABLE REALTY
(904) 469-7653
Listed By:
ERICA L JOLLES PA
(904) 652-5978
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 8 at 12:06PM
MLS# 2148858
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 3,472-square-foot apartment property contains six one-bedroom, one-bath residences on a 0.4-acre site. Five apartments have received interior updates that include stainless steel appliances, granite countertops, refreshed bathroom finishes, new paint, and tile or luxury vinyl plank flooring. The concrete building dates to 1961 and includes central heating and central air, with public water service and cable availability. Each residence has its own water and electric meter, along with two dedicated parking spaces.
The property is located at 3264 St. Augustine Road in Jacksonville, less than one mile from San Marco Square. The setting combines a private residential environment with proximity to the dining, shopping, and entertainment district. Parking is provided through a lot and driveway.
The property is located at 3264 St. Augustine Road in Jacksonville, less than one mile from San Marco Square. The setting combines a private residential environment with proximity to the dining, shopping, and entertainment district. Parking is provided through a lot and driveway.
Key Highlights
- Six one‑bedroom, one‑bath apartments totaling 3,472 square feet
- Five of six residences feature updated kitchens, baths, paint, and flooring
- Each residence has separate water and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,687
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,740
$513.7K
Cap Rate 7%
$366,957
$367.0K
Cap Rate 9%
$285,411
$285.4K
Market Conditions
NOI Build-Up for 3,472 SF
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.
Gross rent
$51.7K $14.88/SF
− Vacancy
−$5.0K −$1.43/SF
EGI
$46.7K $13.45/SF
− OpEx
−$21.0K −$6.05/SF
NOI
$25.7K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,740
Cap Rate 7%
$366,957
Cap Rate 9%
$285,411
Alternative Uses
Best Use
Apartment 5plus
$367.0K
$321.1K – $428.1K
NOI $25,687 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.1K
$832.2K – $1.11M
NOI $66,579 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, individual utility metering, and dedicated parking support straightforward multifamily operations.
Where is this apartment building located?
The property is located at 3264 ST AUGUSTINE Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath apartments totaling 3,472 square feet; Five of six residences feature updated kitchens, baths, paint, and flooring; Each residence has separate water and electric meters
