Jacksonville Multifamily Investment
For Sale
Contact for pricing
1036 W 12th St, Jacksonville, FL 32209
Four units, 8BR/4BA, 2,784 SF on 0.28-acre lot.
Property Size2,784 SF
Lot Size0.28 Acres
Price / SF$93.03
Days on Market169
Property Features for 1036 W 12th St
General Information
Standard status
Active
Size
2,784 SF
Lot size
0.28 Acres
Property subtype
Multifamily
Zoning
RMD-B
Investment Type
Value Add
Building Details
Year Built
1956
Buildings
2
Stories
2
Units
4
Listing Agency:
Keller Williams Realty Jacksonville Orange Park
(904) 203-9386
Listed By:
Michael Cassidy · License #FL 3355910
Source:
Crexi
Added: Mar 6
Changed: Aug 17
Last Checked: Aug 20 at 12:25PM
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 Keller Williams Realty Jacksonville Orange Park
Investment Insights
Based on property information with market context.
This multifamily property in Jacksonville's Mid-Westside presents an investor opportunity. The property consists of two duplexes on a single 0.28-acre lot, offering a total of four units with 8 bedrooms and 4 bathrooms across 2,784 square feet. Constructed of concrete block, this property is a value-add opportunity with renovations already underway. One building features a new roof, decking, electrical panel, and dual-pane windows. The remaining units are ready for renovation and repositioning. This quadruplex is suitable for investors looking to complete the rehabilitation, stabilize rents, and generate long-term cash flow. It offers an excellent opportunity for experienced investors seeking a value-add multifamily project with strong upside.
Key Highlights
- Investor opportunity with 4 units (8BR/4BA) on one parcel.
- Value‑add potential to increase rents and cash flow.
- Concrete block construction.
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
$20,597
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
7.95%
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%
$411,940
$411.9K
Cap Rate 7%
$294,243
$294.2K
Cap Rate 9%
$228,856
$228.9K
Market Conditions
NOI Build-Up for 2,784 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
$41.4K $14.88/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$37.4K $13.45/SF
− OpEx
−$16.9K −$6.05/SF
NOI
$20.6K $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 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%
$411,940
Cap Rate 7%
$294,243
Cap Rate 9%
$228,856
Alternative Uses
Best Use
Multifamily LT 5
$373.4K
$326.8K – $435.7K
NOI $26,141 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$294.2K
$257.5K – $343.3K
NOI $20,597 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$762.7K
$667.3K – $889.8K
NOI $53,386 @ 7.0% cap · market cap 20.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four units, 8BR/4BA, 2,784 SF on 0.28-acre lot.
Where is this quadplex located?
The property is located at 1036 W 12th St Jacksonville, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Investor opportunity with 4 units (8BR/4BA) on one parcel.; Value‑add potential to increase rents and cash flow.; Concrete block construction.
