3-Unit Multifamily
New
For Sale
$699,900
1284 INGLESIDE Ave, Jacksonville, FL 32205
A front duplex and separate rear bungalow provide three rental units with varied layouts.
Property Size2,244 SF
Days on Market4
Property Features for 1284 INGLESIDE Ave
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,090
Amenities
laundry
Building Details
Building Size
2,244 SF
Year Built
1948
Buildings
2
Stories
1
Units
3
Listed By:
ZACKERY WILLIAMS
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:38AM
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 ZACKERY WILLIAMS
Investment Insights
Based on property information with market context.
This 1948 multifamily property comprises a duplex at the front and a detached bungalow behind it. The three units include two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom apartment. One of the two-bedroom units has a bonus room, rooftop deck and one-car garage; the duplex also provides tenant laundry facilities. The duplex has a new roof, and one apartment received new flooring, an updated kitchen with appliances and an updated bathroom in July 2022.
The property is on Ingleside Avenue in Jacksonville’s Avondale area, near parks and shops. The rear bungalow is set apart from the duplex, with yard space between the buildings.
The property is on Ingleside Avenue in Jacksonville’s Avondale area, near parks and shops. The rear bungalow is set apart from the duplex, with yard space between the buildings.
Key Highlights
- Three units: two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom bungalow
- Front duplex paired with a separate rear bungalow and yard space
- Duplex includes laundry facilities for tenant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,071
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,420
$421.4K
Cap Rate 7%
$301,014
$301.0K
Cap Rate 9%
$234,122
$234.1K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$33.1K $14.76/SF
− Vacancy
−$3.0K −$1.35/SF
EGI
$30.1K $13.41/SF
− OpEx
−$9.0K −$4.02/SF
NOI
$21.1K $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%
$421,420
Cap Rate 7%
$301,014
Cap Rate 9%
$234,122
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - A front duplex and separate rear bungalow provide three rental units with varied layouts.
Where is this multifamily property located?
The property is located at 1284 INGLESIDE Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three units: two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom bungalow; Front duplex paired with a separate rear bungalow and yard space; Duplex includes laundry facilities for tenant use
