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    Six-Unit Multifamily Property Title is generated by Realmo AI

    3264 ST AUGUSTINE Road, Jacksonville, FL 32207

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    For Sale
    $869,000

    MULTI_FAMILY - Jacksonville, FL

    Property size:
    3,472 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $250/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for 3264 ST AUGUSTINE Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 1, Bedroom 2, Bedroom 6
    Parking features
    Driveway, Parking Lot
    Appliances
    Dishwasher, Electric Range, Refrigerator
    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

    We can help!

    Listing Contact
    ERICA L JOLLES PA

    Listing agent ERICA L JOLLES PA

    Listing office ROUND TABLE REALTY 1637 Race Track Rd Suite 100, Jacksonville, FL

    Listing date Jun 4, 2026

    MLS# 2148858 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

    • Six‑unit multifamily building with six 1‑bedroom, 1‑bath apartments
    • 5 of the 6 units updated with stainless steel appliances, granite countertops, upgraded bathroom finishes, and fresh interior & exterior paint
    • Separate water and electric meters for each unit to help manage utilities by residence
    • Each unit includes two dedicated parking spaces; parking available via driveway and parking lot
    • Central heating and central air throughout; concrete construction and tile flooring (plus luxury vinyl plank in updated areas)
    • Built in 1961; public water and cable available

    Overview

    This six-unit multifamily property consists of six 1-bedroom, 1-bath apartments. According to the provided information, five of the six units have been updated with stainless steel appliances, granite countertops, upgraded bathroom finishes, and fresh interior and exterior paint. Flooring is reported as durable tile and luxury vinyl plank throughout the updated units. Each apartment has separate water and electric meters, which can help with utility management at the unit level. The property also provides two dedicated parking spaces per residence.

    The building is located at 3264 ST AUGUSTINE Road in Jacksonville, Florida (32207). The provided remarks describe the property as being in a private, quiet setting.

    For investors or operators looking for a small residential income asset, this configuration offers an all-1-bedroom, all-1-bath mix across six units. The information also notes a stable tenant base, including two long-term residents. With multiple units updated and utility metering separated by residence, the property is presented as a manageable option for those seeking to acquire a six-unit portfolio component that is aligned with ongoing rental operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.64433
    Latitude
    30.293257

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-unit building with updated interiors, separate utilities, and dedicated parking for each residence.
    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 $869,000.
    What are key features of this property?
    This property features: Six‑unit multifamily building with six 1‑bedroom, 1‑bath apartments; 5 of the 6 units updated with stainless steel appliances, granite countertops, upgraded bathroom finishes, and fresh interior & exterior paint; Separate water and electric meters for each unit to help manage utilities by residence
    (904) 652-5978
    We can help!
    Listing Contact
    ERICA L JOLLES PA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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