Quadplex with Dual-Pane
For Sale
$259,000
Pending
1036 W 12TH Street, Jacksonville, FL 32209
MULTI_FAMILY - Jacksonville, FL
Property Size2,784 SF
Lot Size0.28 Acres
Days on Market161
Property Features for 1036 W 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2
Parking
8
Parking features
Parking Lot, Off Street
Fencing
Chain Link
Subdivision
Hendersonville
Lot features
Irregular Lot
View
City
Directions
From 95 North, Exit 8th St and go West, North on Payne Ave, East on 13st St W, right on Moncrief; access to property is off Moncrief, NOT 12th St. Coordinates for entry: 30.35075186339751, -81.66969846340808
Standard status
Pending
APN
0531100000
Size
2,784 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4006
Utilities
Utilities
Water Available
Water source
Public
Building Details
Year built
1956
Number of units
4
Flooring type
Vinyl
Building materials
Block
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY · Keller Williams Realty
(904) 541-0180
Listed By:
Michael Cassidy · License #3355910
(904) 203-9386
Added: Mar 4
Changed: Aug 4
Last Checked: Aug 12 at 6:06PM
MLS# 2132980
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.
Investment Insights
Based on property information with market context.
This quadplex consists of two duplexes on one parcel, offering four total doors. Each building has two 2-bedroom, 1-bath units, for a total of 8 bedrooms and 4 baths. The property features new dual-pane windows throughout.
Construction is block, with vinyl flooring and chain-link fencing, plus off-street parking in a parking lot. The property year built is 1956, with water available via public water service.
Unit-level improvements and near-term work are reflected in the current condition. Units 1036/1038 include a new roof, decking, a new electrical panel, and additional updates. Units 1040/1042 will require interior work and some siding.
Showings are by appointment only.
Construction is block, with vinyl flooring and chain-link fencing, plus off-street parking in a parking lot. The property year built is 1956, with water available via public water service.
Unit-level improvements and near-term work are reflected in the current condition. Units 1036/1038 include a new roof, decking, a new electrical panel, and additional updates. Units 1040/1042 will require interior work and some siding.
Showings are by appointment only.
Key Highlights
- Two duplexes on one parcel for 4 total doors
- New dual‑pane windows in all units
- Units 1036/1038: new roof, decking, and new electrical panel
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
294
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 - Four-door quadplex on a block-built parcel with new dual-pane windows and public water service.
Where is this quadplex located?
The property is located at 1036 W 12TH Street 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: Two duplexes on one parcel for 4 total doors; New dual‑pane windows in all units; Units 1036/1038: new roof, decking, and new electrical panel
