Renovated Quadplex with Unit
For Sale
$750,000
1252 Hubbard St, Jacksonville, FL 32206
Four apartments include two one-bedroom and two two-bedroom layouts, with major building systems replaced in 2024.
Property Size3,958 SF
Price / SF$189.49
Days on Market24
Property Features for 1252 Hubbard St
General Information
Standard status
Active
Size
3,958 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$58,800
Building Details
Year Built
1909
Year Renovated
2024
Listing Agency:
BELLE EPOQUE REALTY SERVICES LLC
Listed By:
THOMAS LOVE · License #3118560
(904) 382-7695
Source:
Onewinningteam
Added: Aug 10
Changed: Aug 29
Last Checked: Sep 1 at 9:51PM
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 BELLE EPOQUE REALTY SERVICES LLC
Investment Insights
Based on property information with market context.
This 3,958-square-foot quadplex contains four apartments: two 1BR/1BA units and two 2BR/1BA units. All four residences underwent extensive gut renovations during 2023-2024, and the property received new electrical, HVAC, and plumbing systems in 2024. The roof was installed in 2014, adding a separately dated building improvement.
Located at 1252 Hubbard St in Jacksonville’s historic Springfield neighborhood, the property recently operated at full occupancy. Three apartments are occupied today, while one 1BR unit is vacant and ready for lease-up. The four-unit configuration and completed renovation program provide a clearly defined residential income property with current occupancy and a vacant unit within the existing layout.
Located at 1252 Hubbard St in Jacksonville’s historic Springfield neighborhood, the property recently operated at full occupancy. Three apartments are occupied today, while one 1BR unit is vacant and ready for lease-up. The four-unit configuration and completed renovation program provide a clearly defined residential income property with current occupancy and a vacant unit within the existing layout.
Key Highlights
- Four‑unit quadplex totaling 3,958 SF
- Unit mix includes two 1BR/1BA and two 2BR/1BA apartments
- Extensive gut renovations completed during 2023‑2024
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
$37,165
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
4.96%
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%
$743,300
$743.3K
Cap Rate 7%
$530,929
$530.9K
Cap Rate 9%
$412,944
$412.9K
Market Conditions
NOI Build-Up for 3,958 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
$58.4K $14.76/SF
− Vacancy
−$5.3K −$1.35/SF
EGI
$53.1K $13.41/SF
− OpEx
−$15.9K −$4.02/SF
NOI
$37.2K $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 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%
$743,300
Cap Rate 7%
$530,929
Cap Rate 9%
$412,944
Alternative Uses
Best Use
Multifamily LT 5
$530.9K
$464.6K – $619.4K
NOI $37,165 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$418.3K
$366.0K – $488.1K
NOI $29,283 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.08M
$948.7K – $1.26M
NOI $75,899 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments include two one-bedroom and two two-bedroom layouts, with major building systems replaced in 2024.
Where is this quadplex located?
The property is located at 1252 Hubbard St Jacksonville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,958 SF; Unit mix includes two 1BR/1BA and two 2BR/1BA apartments; Extensive gut renovations completed during 2023‑2024
