Updated Three-Unit Multifamily
101 W 21ST Street, Jacksonville, FL 32206
For Sale
$299,000
Residential Income, Jacksonville, FL
Property Size1,821 SF
Lot Size0.19 Acres
Price / SF$164.20
Days on Market58
Property Features for 101 W 21ST Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Buildings
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
MARTIN GROBMAN · License FL #3561732
(786) 606-2053
Added: Sep 15
Changed: Nov 9
Last Checked: Nov 11 at 1:06AM
MLS# 2166286
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.
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Investment Insights
Based on property information with market context.
Built in 1919, this multifamily property contains three units across 1,821 square feet on a 0.19-acre parcel. Recent interior work includes new appliances, luxury vinyl flooring, baseboards, and paint on walls and ceilings. Heating is listed as hot water and electric, with wall- or window-mounted cooling. Water is available at the property.
The property is in Jacksonville, near major roadways, shopping, dining, and Downtown Jacksonville.
The property is in Jacksonville, near major roadways, shopping, dining, and Downtown Jacksonville.
Key Highlights
- Three residential units in a 1,821‑square‑foot building
- 0.19‑acre parcel
- Interior updates include luxury vinyl flooring, new baseboards, paint, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,099
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,980
$342.0K
Cap Rate 7%
$244,271
$244.3K
Cap Rate 9%
$189,989
$190.0K
Market Conditions
NOI Build-Up for 1,821 SF
Gross rent
$26.9K $14.76/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$24.4K $13.41/SF
− OpEx
−$7.3K −$4.02/SF
NOI
$17.1K $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 Rate 5%
$341,980
Cap Rate 7%
$244,271
Cap Rate 9%
$189,989
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.7K – $285.0K
NOI $17,099 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$192.5K
$168.4K – $224.5K
NOI $13,472 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$498.8K
$436.5K – $582.0K
NOI $34,919 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
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Business Placement
Demographics for 32206, FL
18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Jacksonville, FL
Properties on Market for Multifamily properties in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences feature new appliances, vinyl flooring, fresh paint, and replacement baseboards.
Where is this multifamily property located?
The property is located at 101 W 21ST Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three residential units in a 1,821‑square‑foot building; 0.19‑acre parcel; Interior updates include luxury vinyl flooring, new baseboards, paint, and appliances
