12-Unit Apartment
1029 BRADY Street, Jacksonville, FL 32209
For Sale
New
$750,000
Residential Income, Jacksonville, FL
Property Size7,650 SF
Lot Size0.28 Acres
Price / SF$98.04
Days on Market3
Property Features for 1029 BRADY Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fencing
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
REAL ESTATE ASSET DISPOSITION CORP.
(904) 730-8970
Listed By:
SCOTT LEHMBECK · License FL #3029678
(904) 233-2190
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 2173202
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.
This Jacksonville apartment property comprises 12 residences across three two-story buildings finished in concrete block and stucco. The buildings contain a combined 7,650 square feet on a 0.28-acre parcel. Each apartment has two bedrooms and one full bathroom, and surface parking is provided. Nine units are occupied. The property is offered in its current condition, with no renovations planned by the seller.
The site is in Jacksonville’s Paxon area, with downtown Jacksonville, the new courthouse, Edwards College, Florida State College, Beaver Street Enterprise and the Farmer’s Market identified as nearby destinations. Edwards College and Florida State College are stated to be within 1–2 miles. Water is available, and the property is served by public sewer.
The site is in Jacksonville’s Paxon area, with downtown Jacksonville, the new courthouse, Edwards College, Florida State College, Beaver Street Enterprise and the Farmer’s Market identified as nearby destinations. Edwards College and Florida State College are stated to be within 1–2 miles. Water is available, and the property is served by public sewer.
Key Highlights
- 12 apartments across three two‑story buildings
- 7,650 square feet on a 0.28‑acre parcel
- Each residence has 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,597
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,940
$1.1M
Cap Rate 7%
$808,529
$808.5K
Cap Rate 9%
$628,856
$628.9K
Market Conditions
NOI Build-Up for 7,650 SF
Gross rent
$113.8K $14.88/SF
− Vacancy
−$10.9K −$1.43/SF
EGI
$102.9K $13.45/SF
− OpEx
−$46.3K −$6.05/SF
NOI
$56.6K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,940
Cap Rate 7%
$808,529
Cap Rate 9%
$628,856
Alternative Uses
Best Use
Apartment 5plus
$808.5K
$707.5K – $943.3K
NOI $56,597 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,696 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
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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
$92,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jacksonville, FL
Properties on Market for Apartment buildings in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three concrete-block buildings provide surface parking and two-bedroom, one-bath residences.
Where is this apartment building located?
The property is located at 1029 BRADY Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 12 apartments across three two‑story buildings; 7,650 square feet on a 0.28‑acre parcel; Each residence has 2 bedrooms and 1 full bathroom
