Renovated Four-Unit
For Sale
$600,000
1-4770 San Jose Manor Dr W, Jacksonville, FL 32217
Furnished apartments offer private outdoor areas, kitchens, and in-unit laundry.
Property Size3,456 SF
Price / SF$173.61
Days on Market10
Property Features for 1-4770 San Jose Manor Dr W
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,157
Listing Agency:
CHAD AND SANDY REAL ESTATE GROUP
Listed By:
CHAD NEUMANN · License #3183802
(904) 720-8411
Source:
Exprealty
Added: Sep 23
Changed: Sep 29
Last Checked: Oct 1 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHAD AND SANDY REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This renovated quadplex contains four furnished apartments with a combined 3,456 square feet. The property is configured with 8 beds and 4 baths. Each apartment has a kitchen, a washer and dryer, and its own patio or porch. The building also includes parking and is currently used for Airbnb stays.
The property is in Jacksonville’s Southside, about a 10-minute drive from downtown and 15 minutes from the beaches.
The property is in Jacksonville’s Southside, about a 10-minute drive from downtown and 15 minutes from the beaches.
Key Highlights
- Four furnished apartments with a total of 8 beds and 4 baths
- 3,456 square feet across the quadplex
- Each unit has a kitchen, washer and dryer, and private patio or porch
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
$32,451
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
5.41%
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%
$649,020
$649.0K
Cap Rate 7%
$463,586
$463.6K
Cap Rate 9%
$360,567
$360.6K
Market Conditions
NOI Build-Up for 3,456 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
$51.0K $14.76/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$46.4K $13.41/SF
− OpEx
−$13.9K −$4.02/SF
NOI
$32.5K $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%
$649,020
Cap Rate 7%
$463,586
Cap Rate 9%
$360,567
Alternative Uses
Best Use
Multifamily LT 5
$463.6K
$405.6K – $540.9K
NOI $32,451 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$365.3K
$319.6K – $426.2K
NOI $25,569 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$946.7K
$828.4K – $1.10M
NOI $66,272 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 32217, FL
20,543
Population
9,632
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
3,804
Density / Sq Mi
$69,742
Median Household Income
$44,147
Median Earnings
$1,190
Median Rent
$291,300
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 - Furnished apartments offer private outdoor areas, kitchens, and in-unit laundry.
Where is this quadplex located?
The property is located at 1-4770 San Jose Manor Dr W Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four furnished apartments with a total of 8 beds and 4 baths; 3,456 square feet across the quadplex; Each unit has a kitchen, washer and dryer, and private patio or porch
