Quadplex with Four 1-Bed
For Sale
$525,000
353 W 11TH Street, Jacksonville, FL 32206
MULTI_FAMILY - Jacksonville, FL
Property Size3,468 SF
Lot Size0.12 Acres
Price / SF$151.38
Days on Market17
Property Features for 353 W 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2
Parking features
Off Street
Appliances
Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer Stacked
Subdivision
Springfield
Lot features
Cleared, Historic Area
View
City
Directions
From I95 take Pearl St Exit south to W11th right to address on right
Standard status
Active
APN
0732460000
Size
3,468 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8487
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
central heat and air
washer and dryer hookups
wood and tile flooring
Building Details
Year built
1939
Number of units
4
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Shingle
Listing Agency:
UNITED REAL ESTATE GALLERY
(904) 500-3948
Listed By:
ARIANA ALVAREZ
(323) 772-9558
Added: Jul 27
Changed: Aug 1
Last Checked: Aug 12 at 1:06AM
MLS# 2157255
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 offers four 1-bedroom, 1-bath apartments within a brick building. The units include central heat and air, washer and dryer hookup provisions, and a mix of durable wood and tile flooring. Appliances noted include stacked washer/dryer, electric range, microwave, refrigerator, and electric water heater. Constructed in 1939, the property is supported by public water and public sewer service, with cable available.
Recent updates include a newer roof and updated water supply lines, aimed at added peace of mind for the next owner. Off-street parking is available for residents.
Set on a 0.12-acre lot, this income-producing quadplex is located in Jacksonville’s Springfield area and is described as being minutes from Downtown Jacksonville, local restaurants, parks, breweries, and neighborhood revitalization.
Recent updates include a newer roof and updated water supply lines, aimed at added peace of mind for the next owner. Off-street parking is available for residents.
Set on a 0.12-acre lot, this income-producing quadplex is located in Jacksonville’s Springfield area and is described as being minutes from Downtown Jacksonville, local restaurants, parks, breweries, and neighborhood revitalization.
Key Highlights
- Brick quadplex with four 1‑bedroom, 1‑bath apartments
- Central heat and air in each unit plus washer and dryer hookup provisions
- Newer roof and updated water supply lines
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
$32,564
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
6.20%
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%
$651,280
$651.3K
Cap Rate 7%
$465,200
$465.2K
Cap Rate 9%
$361,822
$361.8K
Market Conditions
NOI Build-Up for 3,468 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
$51.2K $14.76/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$46.5K $13.41/SF
− OpEx
−$14.0K −$4.02/SF
NOI
$32.6K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
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%
$651,280
Cap Rate 7%
$465,200
Cap Rate 9%
$361,822
Alternative Uses
Best Use
Multifamily LT 5
$465.2K
$407.1K – $542.7K
NOI $32,564 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$366.5K
$320.7K – $427.6K
NOI $25,657 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,502 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with central heat and air, a newer roof, and off-street parking.
Where is this quadplex located?
The property is located at 353 W 11TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Brick quadplex with four 1‑bedroom, 1‑bath apartments; Central heat and air in each unit plus washer and dryer hookup provisions; Newer roof and updated water supply lines
