5-Unit Apartment
For Sale
$499,000
115 4TH Street, Jacksonville, FL 32206
Residential Income, Jacksonville, FL
Property Size3,740 SF
Lot Size0.09 Acres
Price / SF$133.42
Days on Market199
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Property Features for 115 4TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
5
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2
Parking features
On Street
Subdivision
Springfield
Lot features
Historic Area
Directions
I95 S to Union St, turn left onto Main St N, turn right onto 4th St E.
Standard status
Active
APN
0710050000
Size
3,740 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6478
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1908
Floors in Building
2
Number of units
5
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
UNITED REAL ESTATE GALLERY
(904) 500-3948
Listed By:
JONATHAN MILLER · License #3337768
(904) 566-2298
Added: Mar 31
Changed: Oct 2
Last Checked: Oct 15 at 6:06PM
MLS# 2138194
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 five-unit apartment property contains 3,740 square feet on a 0.09-acre parcel. Built in 1908, the building features frame construction with wood siding, a shingle roof, electric heating, and wall or window cooling units. Public water and public sewer serve the property, while parking is provided on the street.
The asset is located in Historic Springfield in Jacksonville, Florida. It is tenant occupied, and property access is subject to restricted showings intended to limit resident disruption. Unit mix and the rent schedule are available for review, with utility reimbursement arrangements varying by unit.
The asset is located in Historic Springfield in Jacksonville, Florida. It is tenant occupied, and property access is subject to restricted showings intended to limit resident disruption. Unit mix and the rent schedule are available for review, with utility reimbursement arrangements varying by unit.
Key Highlights
- Five‑unit multifamily property totaling 3,740 square feet
- Situated on a 0.09‑acre parcel in Historic Springfield
- Built in 1908 with frame construction and wood siding
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
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,104
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Tenant-occupied multifamily property with on-street parking and a historic 1908 construction date.
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 totaling 3,740 square feet; Situated on a 0.09‑acre parcel in Historic Springfield; Built in 1908 with frame construction and wood siding
