Tri-plex Rental with Two Occupied
For Sale
Under Contract
$275,000
5549 HICKSON Road, Jacksonville, FL 32207
MULTI_FAMILY - Jacksonville, FL
Property Size1,878 SF
Lot Size0.17 Acres
Price / SF$146.43
Days on Market57
Property Features for 5549 HICKSON Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Driveway
Fencing
Fenced
Appliances
Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Gas Cooktop
Subdivision
Spring Glen
Directions
From I-95, take Exit 347 for US-1 ALT/Emerson St. Head NORTHEAST on Emerson St, turn RIGHT onto Spring Glen Rd, then LEFT onto Hickson Rd. Follow Hickson Rd to the property.
Standard status
Active Under Contract
APN
1357230000
Size
1,878 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1437
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Multi Units, Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
3
Building materials
Block
Roof type
Shingle
Listing Agency:
MOMENTUM REALTY
(904) 903-1558
Listed By:
DANIEL RUSSO
(904) 370-3797
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 2151227
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.
Tri-plex rental at 5549 Hickson Road featuring block construction and a shingle roof, built in 1968. The property has central heating and multiple cooling options, including central air plus wall/window and window units. Appliances include a convection oven, dishwasher, disposal, electric cooktop and oven, electric water heater, and gas cooktop. A driveway provides off-street parking, and the yard is fenced.
Two of the three units are currently occupied, offering a ready-to-operate configuration for an owner. Public water and public sewer service support the property, which is set on a 0.17-acre lot.
For residents or investors, the room mix includes three bedrooms and three bathrooms across the unit layouts listed, supporting a practical residential income setup.
Two of the three units are currently occupied, offering a ready-to-operate configuration for an owner. Public water and public sewer service support the property, which is set on a 0.17-acre lot.
For residents or investors, the room mix includes three bedrooms and three bathrooms across the unit layouts listed, supporting a practical residential income setup.
Key Highlights
- Tri‑plex rental with two units currently occupied
- 0.17‑acre lot with driveway parking and fenced yard
- Block construction with shingle roof built in 1968
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
$17,634
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
6.41%
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%
$352,680
$352.7K
Cap Rate 7%
$251,914
$251.9K
Cap Rate 9%
$195,933
$195.9K
Market Conditions
NOI Build-Up for 1,878 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
$27.7K $14.76/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$25.2K $13.41/SF
− OpEx
−$7.6K −$4.02/SF
NOI
$17.6K $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%
$352,680
Cap Rate 7%
$251,914
Cap Rate 9%
$195,933
Alternative Uses
Best Use
Multifamily LT 5
$251.9K
$220.4K – $293.9K
NOI $17,634 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.6K
NOI $13,894 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$514.5K
$450.2K – $600.2K
NOI $36,013 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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?
Triplex - Tri-plex rental on a 0.17-acre lot with public utilities, fenced yard, and central heating and cooling.
Where is this triplex located?
The property is located at 5549 HICKSON Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Tri‑plex rental with two units currently occupied; 0.17‑acre lot with driveway parking and fenced yard; Block construction with shingle roof built in 1968
