Triplex with Private
New
For Sale
$775,000
1304 MAGNOLIA Cir E, Jacksonville, FL 32211
Three separately metered residences have private bedroom baths, laundry hookups, fireplaces, and fenced backyards.
Property Size3,948 SF
Days on Market4
Property Features for 1304 MAGNOLIA Cir E
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Investment
Units
Unit Mix
3 x 2BR/2.5BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,343
Amenities
fireplace
fenced backyard
balcony
indoor laundry hookups
Building Details
Building Size
3,948 SF
Year Built
1982
Buildings
1
Stories
2
Units
3
Listing Agency:
Chad and Sandy Real Estate Group
Listed By:
CHAD NEUMANN · License #3183802
(904) 720-8411
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 10:12AM
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 Chad and Sandy Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1982, this triplex comprises one building with three two-story residences. Each unit has two bedrooms and two-and-a-half bathrooms, with a split-bedroom arrangement and a private bathroom for each bedroom. Additional features include indoor laundry hookups, a fireplace, a fenced backyard, and a second-floor bedroom balcony. The units have separate utility meters, and the roof was installed in 2014 and described as a 30-year roof.
The property is 1.5 miles from Jacksonville University and four blocks from the St. Johns River and Arlington Marina. College Park shopping center is also nearby. The property currently operates as an Airbnb.
The property is 1.5 miles from Jacksonville University and four blocks from the St. Johns River and Arlington Marina. College Park shopping center is also nearby. The property currently operates as an Airbnb.
Key Highlights
- Three units, each with 2 bedrooms and 2.5 bathrooms
- Two‑story residences with private bathrooms for every bedroom
- Second‑floor bedroom balcony and fenced backyard at each unit
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
$37,071
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
4.78%
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%
$741,420
$741.4K
Cap Rate 7%
$529,586
$529.6K
Cap Rate 9%
$411,900
$411.9K
Market Conditions
NOI Build-Up for 3,948 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
$58.3K $14.76/SF
− Vacancy
−$5.3K −$1.35/SF
EGI
$53.0K $13.41/SF
− OpEx
−$15.9K −$4.02/SF
NOI
$37.1K $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 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%
$741,420
Cap Rate 7%
$529,586
Cap Rate 9%
$411,900
Alternative Uses
Best Use
Multifamily LT 5
$529.6K
$463.4K – $617.9K
NOI $37,071 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.8K
NOI $29,209 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.08M
$946.3K – $1.26M
NOI $75,707 @ 7.0% cap · market cap 9.77%
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
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences have private bedroom baths, laundry hookups, fireplaces, and fenced backyards.
Where is this triplex located?
The property is located at 1304 MAGNOLIA Cir E Jacksonville, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2.5 bathrooms; Two‑story residences with private bathrooms for every bedroom; Second‑floor bedroom balcony and fenced backyard at each unit
