Newer Townhomes Portfolio Investment
3585-3597 DREXEL Street, Jacksonville, FL 32207
MULTI_FAMILY - Jacksonville, FL
Property size:
5,920 SFLot size:
0.23 AcresPrice / SF:
$151/SF- Added:
- Apr 16, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 3 at 10:06 am
Property Features for 3585-3597 DREXEL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 10
- Rooms
- Bathroom 10, Bathroom 5, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 7, Bathroom 9, Bathroom 11, Bedroom 2, Bedroom 10, Bedroom 8, Bedroom 12, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 11, Bathroom 12, Bathroom 8, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 9
- Parking features
- Garage, Open, Off Street
- Appliances
- Dishwasher, Electric Oven, Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active Under Contract
- APN
- 1359650400
- Size
- 5,920 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4080
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Composition Siding
- Roof type
- Shingle
Listing agent LAURA OLIVER License #3385279 (904) 652-9351
Listing office RE/MAX SPECIALISTS 12646 SAN JOSE BLVD., Jacksonville, FL (904) 260-4550
Listing date Apr 16, 2026
MLS# 2140448
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
- Immediate income‑producing portfolio of 4 separately deeded townhomes.
- Newer construction (2022) offering low‑maintenance ownership.
- Flexibility to sell units individually for future appreciation.
- Mix of long‑term and short‑term rentals providing diversified cash flow.
- Each unit features 3 bedrooms, 2.5 bathrooms, 1,480 sq ft, and a one‑car garage.
- Located minutes from San Marco Square, St. Johns River, dining, and shopping.
Overview
This income-producing, turnkey investment opportunity features 4 separately deeded townhomes offered as one portfolio. Constructed in 2022, this newer construction asset offers immediate income and low-maintenance ownership. Each residence provides 3 bedrooms, 2.5 bathrooms, 1,480 sq ft, and an attached one-car garage. The floor plan features open-concept living on the first floor with kitchen, dining, and living areas, along with a half bath, plus 3 bedrooms and 2 full baths upstairs. All units are finished with durable, low-maintenance materials including luxury vinyl plank flooring, shaker-style cabinetry, quartz countertops, and stainless steel appliances. Exterior features include Hardie siding, fully fenced yards, and irrigation systems for each unit. The property consists of a mix of 3 long-term rental units and one fully furnished short-term rental with established performance history and professional management in place. The furnishings convey with an acceptable offer. Located minutes from San Marco Square and the St. Johns River, the property allows easy access to dining, shopping, and the Southbank Riverwalk. This asset offers diversified cash flow in a low-maintenance, newer construction package. The property, situated on a 0.23-acre lot, is ideal for investors seeking a 1031 exchange, portfolio expansion, or a flexible asset with multiple future exit strategies in a growing rental market.
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 | $87.4k | $14.76 |
| − Vacancy | −$8.0k | −$1.35 |
| EGI | $79.4k | $13.41 |
| − OpEx | −$23.8k | −$4.02 |
| NOI | $55.6k | $9.39 |
5,920 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$794.1K
$694.8K – $926.5K
NOI $55,587 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$625.7K
$547.5K – $730.0K
NOI $43,798 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,522 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.62724
- Latitude
- 30.30042
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four newer construction townhomes offered as one income-producing portfolio.
Where is this quadplex located?
The property is located at 3585-3597 DREXEL Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Immediate income‑producing portfolio of 4 separately deeded townhomes.; Newer construction (2022) offering low‑maintenance ownership.; Flexibility to sell units individually for future appreciation.
