Updated Four-Unit
For Sale
$399,000
1006 W 25th Street #1-4, Jacksonville, FL 32209
The property includes updated building systems and a four-unit residential configuration.
Property Size2,704 SF
Price / SF$147.56
Days on Market147
Property Features for 1006 W 25th Street #1-4
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Residential Income
Zoning
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,252
Building Details
Building Size
2,704 SF
Year Built
1966
Buildings
1
Stories
1
Units
4
Listing Agency:
EVERRISE REALTY GROUP LLC
(904) 305-7067
Listed By:
KIMBERLY PIERCE · License #3475832
(904) 305-7067
Source:
Giffordproperties
Added: Mar 19
Changed: Aug 9
Last Checked: Aug 11 at 1:37PM
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 EVERRISE REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This 2,704-square-foot quadplex contains four residential units, each arranged with two bedrooms and one bathroom. The property was built in 1966 and has received a new roof along with electrical and plumbing updates. The improvements address core building systems and support the property's current rental configuration. Multi Family zoning is identified for the asset.
Located at 1006 W 25th Street in Jacksonville, Florida, the property is identified as units 1–4. Two units are leased at market rate, while all four units may be delivered vacant at closing. This provides a combination of existing tenancy and the option for a new owner to establish occupancy across the property.
Located at 1006 W 25th Street in Jacksonville, Florida, the property is identified as units 1–4. Two units are leased at market rate, while all four units may be delivered vacant at closing. This provides a combination of existing tenancy and the option for a new owner to establish occupancy across the property.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a quadplex configuration
- 2,704 SF residential income property
- New roof plus updated electrical and plumbing
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
$25,390
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
6.36%
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%
$507,800
$507.8K
Cap Rate 7%
$362,714
$362.7K
Cap Rate 9%
$282,111
$282.1K
Market Conditions
NOI Build-Up for 2,704 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
$39.9K $14.76/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$36.3K $13.41/SF
− OpEx
−$10.9K −$4.02/SF
NOI
$25.4K $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%
$507,800
Cap Rate 7%
$362,714
Cap Rate 9%
$282,111
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,390 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,005 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$740.7K
$648.2K – $864.2K
NOI $51,852 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
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 - The property includes updated building systems and a four-unit residential configuration.
Where is this quadplex located?
The property is located at 1006 W 25th Street #1-4 Jacksonville, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a quadplex configuration; 2,704 SF residential income property; New roof plus updated electrical and plumbing
