Three-Unit Triplex
For Sale
$285,000
5238 SAN JUAN Avenue, Jacksonville, FL 32210
Residential Income, Jacksonville, FL
Property Size1,658 SF
Lot Size0.16 Acres
Price / SF$171.89
Days on Market244
Property Features for 5238 SAN JUAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Parking features
Driveway, Assigned
Appliances
Electric Range, Refrigerator
Subdivision
Cedar Springs
Directions
From I95 N Exit 351B, head right on the ramp for I-10 West toward Lake City, At Exit 361, head left on the ramp for FL-228 / US-17 South toward Roosevelt Blvd, Turn right onto San Juan Av
Standard status
Active
APN
0686480000
Size
1,658 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5219
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Amenities
central air conditioning
Building Details
Year built
1944
Floors in Building
1
Number of units
3
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
CARMEN VERHOEVEN · License #3456640
(408) 306-1300
Added: Jan 18
Changed: Sep 15
Last Checked: Sep 19 at 1:06PM
MLS# 2125747
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 1,658-square-foot triplex property, built in 1944, includes a front duplex and a separate rear residence on a 0.16-acre lot. The three-unit configuration consists of two two-bedroom units and one one-bedroom unit. Unit 1 includes 1.5 bathrooms, while Units 2 and 3 each have one bathroom. Recent improvements include a roof installed in 2023, and the units are equipped with central air conditioning. Electric ranges and refrigerators are included.
The property is zoned CRO and located near downtown and the naval base. Unit 1 and Unit 3 are occupied, while Unit 2 is vacant. Water and electricity are served through common meters, with septic service provided by a tank and newer pump. Parking includes a driveway and assigned spaces.
The property is zoned CRO and located near downtown and the naval base. Unit 1 and Unit 3 are occupied, while Unit 2 is vacant. Water and electricity are served through common meters, with septic service provided by a tank and newer pump. Parking includes a driveway and assigned spaces.
Key Highlights
- Three rental units across a front duplex and separate rear building
- 1,658 square feet on a 0.16‑acre lot
- Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
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
$15,568
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
5.46%
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%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,658 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
$24.5K $14.76/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$22.2K $13.41/SF
− OpEx
−$6.7K −$4.02/SF
NOI
$15.6K $9.39/SF
Area
ZIP 32210
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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Multifamily LT 5
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,266 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$454.2K
$397.4K – $529.9K
NOI $31,794 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - CRO-zoned income property with two structures, central air conditioning, and proximity to downtown and the naval base.
Where is this triplex located?
The property is located at 5238 SAN JUAN Avenue Jacksonville, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three rental units across a front duplex and separate rear building; 1,658 square feet on a 0.16‑acre lot; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
