8-Unit Quadplex
For Sale
$1,450,000
1225 LASALLE Street, Jacksonville, FL 32207
Two four-unit residential buildings include shared laundry facilities and separately metered units.
Property Size8,816 SF
Price / SF$164.47
Days on Market27
Property Features for 1225 LASALLE Street
General Information
Standard status
Active
Size
8,816 SF
Property subtype
Multi Family
Site & Location
Neighborhood
San Marco
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,092
Amenities
parking building
laundry center
Building Details
Building Size
8,816 SF
Year Built
1947
Buildings
2
Listing Agency:
OCEANSIDE REAL ESTATE
Listed By:
HICKORY DELEGAL · License #642312
(904) 463-5664
Source:
Noahbaileygroup
Added: Oct 6
Changed: Oct 30
Last Checked: Oct 29 at 10:08PM
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 OCEANSIDE REAL ESTATE
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Investment Insights
Based on property information with market context.
The property consists of two quadplex buildings with eight residential units totaling 8,816 square feet. Each apartment has two bedrooms and one bathroom, for a combined count of 16 bedrooms and eight bathrooms. Interior features include wood flooring, tile counters, and separate living and dining rooms. Central heating and air conditioning serve the units, which are separately metered. A concrete-block parking building and a laundry center are also on site.
Built in 1947, the property is zoned Multi Family and is located in Jacksonville’s San Marco District.
Built in 1947, the property is zoned Multi Family and is located in Jacksonville’s San Marco District.
Key Highlights
- Two quadplex buildings with eight units across 8,816 square feet
- All eight apartments have two bedrooms and one bathroom
- 16 bedrooms and 8 bathrooms in total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,780
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,600
$1.7M
Cap Rate 7%
$1,182,571
$1.2M
Cap Rate 9%
$919,778
$919.8K
Market Conditions
NOI Build-Up for 8,816 SF
Gross rent
$130.1K $14.76/SF
− Vacancy
−$11.9K −$1.35/SF
EGI
$118.3K $13.41/SF
− OpEx
−$35.5K −$4.02/SF
NOI
$82.8K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,600
Cap Rate 7%
$1,182,571
Cap Rate 9%
$919,778
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,780 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$931.8K
$815.3K – $1.09M
NOI $65,224 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,056 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,037
Businesses Nearby
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Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two four-unit residential buildings include shared laundry facilities and separately metered units.
Where is this quadplex located?
The property is located at 1225 LASALLE Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two quadplex buildings with eight units across 8,816 square feet; All eight apartments have two bedrooms and one bathroom; 16 bedrooms and 8 bathrooms in total
