Jacksonville Fourplex: Investor-Ready
519 W 23rd St, Jacksonville, FL 32206
New
Fourplex, Multi-Unit (2-4) - Jacksonville, FL
Property size:
3,060 SFLot size:
0.11 AcresPrice / SF:
$114/SF- Added:
- May 14, 2026
- Days on Market:
- 5
- Last Refresh:
- May 18 at 1:06 am
Property Features for 519 W 23rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Living Room
- Parking features
- Garage
- Interior features
- Laundry
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 087498-0000
- Size
- 3,060 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5126
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Year renovated
- 1940
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Sam Boston (904) 999-9930
Listing office PELLEGO PARTNERS LLC 433 PLAZA REAL, BOCA RATAN, FL
Listing date May 14, 2026
MLS# 11775147
Listing URL
Copyright © 2026 My State MLS. 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 cash flow from 75% occupancy with long‑term tenants (2+ years).
- Newer roof, updated A/C units, and newer windows reduce future maintenance costs.
- Located in a high‑demand rental corridor near Downtown Jacksonville, UF Health, and major employers.
- Turnkey, stabilized 4‑unit quadplex (four 1BR/1BA units) ready for investors.
- Solid two‑story brick building with hardwood floors.
- Major appliances included.
Overview
Located in Jacksonville, this 75% occupied quadplex at 519 W 23rd St presents an investor-ready opportunity. The property features four 1BR/1BA units within a two-story brick building. The property size is 3060 square feet and sits on a 0.11-acre lot. Several improvements have been completed, including a newer roof, updated A/C units, and several newer windows. Major appliances are included, and the units feature hardwood floors throughout. The property is stabilized with long-term tenants who have occupied the building for over two years. Situated in a high-demand rental corridor near Downtown Jacksonville, UF Health, major employers, and highways, the property benefits from redevelopment activity. This is an excellent opportunity for investors seeking a turnkey multifamily asset with cash flow, a low vacancy history, and long-term upside. It is suited for buy-and-hold investors looking to expand their portfolio in one of Jacksonville's in-demand rental markets. The zoning is 600.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$319.3K
NOI $28,733 @ 9.00% cap · cautious / downside scenario
Moderate
$410.5K
NOI $28,733 @ 7.00% cap · market / base-case scenario
Aggressive
$574.7K
NOI $28,733 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $14.76 |
| − Vacancy | −$4.1k | −$1.35 |
| EGI | $41.0k | $13.41 |
| − OpEx | −$12.3k | −$4.02 |
| NOI | $28.7k | $9.39 |
3,060 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$410.5K
$359.2K – $478.9K
NOI $28,733 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$323.4K
$283.0K – $377.3K
NOI $22,639 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$838.3K
$733.5K – $978.0K
NOI $58,679 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.661462
- Latitude
- 30.358635
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - 75% occupied four-unit property with strong rental demand.
Where is this quadplex located?
The property is located at 519 W 23rd St Jacksonville, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Immediate cash flow from 75% occupancy with long‑term tenants (2+ years).; Newer roof, updated A/C units, and newer windows reduce future maintenance costs.; Located in a high‑demand rental corridor near Downtown Jacksonville, UF Health, and major employers.
