Five-Unit Apartment
For Sale
$499,000
115 4TH Street, Jacksonville, FL 32206
Tenant-occupied multifamily property with varied utility reimbursement arrangements and showings limited to reduce resident disruption.
Property Size3,740 SF
Days on Market213
Property Features for 115 4TH Street
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,477
Building Details
Building Size
3,740 SF
Year Built
1908
Listing Agency:
UNITED REAL ESTATE GALLERY
Listed By:
JONATHAN MILLER · License #3337768
(904) 566-2298
Source:
Houseandhavenrealty
Added: Apr 3
Changed: Oct 31
Last Checked: Nov 1 at 11:45AM
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 UNITED REAL ESTATE GALLERY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment building was constructed in 1908 and is currently occupied by tenants. The property includes an established unit mix, with unit-level leasing and reimbursement details available for review. Utility reimbursement arrangements differ among the units, adding an important consideration for evaluating property operations.
Located in Jacksonville’s Historic Springfield area, the asset is offered with restricted showing access intended to limit disruption for residents. Additional diligence materials, including the unit mix and rent schedule, are available upon request.
Located in Jacksonville’s Historic Springfield area, the asset is offered with restricted showing access intended to limit disruption for residents. Additional diligence materials, including the unit mix and rent schedule, are available upon request.
Key Highlights
- Five‑unit multifamily property
- Constructed in 1908
- Located in Historic Springfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,670
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
$553.4K
Cap Rate 7%
$395,286
$395.3K
Cap Rate 9%
$307,444
$307.4K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$55.7K $14.88/SF
− Vacancy
−$5.3K −$1.43/SF
EGI
$50.3K $13.45/SF
− OpEx
−$22.6K −$6.05/SF
NOI
$27.7K $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%
$553,400
Cap Rate 7%
$395,286
Cap Rate 9%
$307,444
Alternative Uses
Best Use
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.5K – $1.20M
NOI $71,718 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Tenant-occupied multifamily property with varied utility reimbursement arrangements and showings limited to reduce resident disruption.
Where is this apartment building located?
The property is located at 115 4TH Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Five‑unit multifamily property; Constructed in 1908; Located in Historic Springfield
