5-Unit Apartment
For Sale
$499,000
115 E 4th St, Jacksonville, FL 32233
Tenant-occupied multifamily property with unit-level utility reimbursement arrangements and limited showing access.
Property Size3,740 SF
Price / SF$133.42
Days on Market200
Property Features for 115 E 4th St
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,477
Listing Agency:
UNITED REAL ESTATE GALLERY
(904) 500-3948
Listed By:
JONATHAN MILLER · License #3337768
(904) 566-2298
Source:
Exprealty
Added: Mar 31
Changed: Oct 11
Last Checked: Oct 16 at 12:03PM
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
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Investment Insights
Based on property information with market context.
This tenant-occupied multifamily property contains five apartment units within approximately 3,740 square feet. Unit mix and the rent schedule are available for review, while utility reimbursement arrangements differ among the units.
Located in Historic Springfield at 115 E 4th St in Jacksonville, the property is being shown on a restricted basis to limit disruption to residents. Additional diligence materials are available upon request.
Located in Historic Springfield at 115 E 4th St in Jacksonville, the property is being shown on a restricted basis to limit disruption to residents. Additional diligence materials are available upon request.
Key Highlights
- Five‑unit multifamily property
- Approximately 3,740 square feet
- Tenant‑occupied asset with restricted showings
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.
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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 32233, FL
23,980
Population
11,215
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
94%
High-School Grad
10.2 sq mi
ZIP Area
2,351
Density / Sq Mi
$81,586
Median Household Income
$44,067
Median Earnings
$1,541
Median Rent
$396,100
Median Home Value
Check the figures for this property
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 unit-level utility reimbursement arrangements and limited showing access.
Where is this apartment building located?
The property is located at 115 E 4th St 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; Approximately 3,740 square feet; Tenant‑occupied asset with restricted showings
