Triplex with Private-Bathroom
New
For Sale
$775,000
1304 MAGNOLIA Circle E, Jacksonville, FL 32211
Residential Income, Jacksonville, FL
Property Size3,948 SF
Lot Size0.15 Acres
Price / SF$196.30
Days on Market5
Property Features for 1304 MAGNOLIA Circle E
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential
Bedrooms
6
Bathrooms
8
Full bathrooms
6
Half bathrooms
3
Rooms
Bathroom 2, Bathroom 7, Bedroom 5, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 8, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 9
Parking features
Parking Lot
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Subdivision
Arlington Heights
Lot features
Cleared, Corner Lot
Elementary school
Arlington
Middle school
Arlington
High school
Terry Parker
Directions
From Arlingtonton Rd and University intersection, West on Arlington Rd. Property sits on corner of Arlington Rd and Magnolia Cir E (about 4-5 blocks from the water/Arlington Marina).
Standard status
Active
APN
1411300000
Size
3,948 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10343
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
fenced backyard
private balcony
fireplace
indoor laundry hookups
Building Details
Year built
1982
Floors in Building
2
Number of units
3
Flooring type
Laminate
Building materials
Frame, Stucco
Roof type
Shingle
Listing Agency:
CHAD AND SANDY REAL ESTATE GROUP
(904) 720-8411
Listed By:
CHAD NEUMANN · License #3183802
(904) 414-6200
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 26 at 11:06PM
MLS# 2166139
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,948-square-foot triplex, built in 1982, contains three two-story residences, each with two bedrooms and 2.5 bathrooms. The six bedrooms have private bathrooms, with an additional half bath on the lower level of each unit. Other features include indoor laundry hookups, a fireplace, a second-floor bedroom balcony, and a fenced backyard. The units have separate utility meters. A roof installed in 2014 is also noted, along with laminate flooring and central air conditioning.
The property is 1.5 miles from Jacksonville University and four blocks from the St. Johns River and Arlington Marina. It is described as operating as an Airbnb.
The property is 1.5 miles from Jacksonville University and four blocks from the St. Johns River and Arlington Marina. It is described as operating as an Airbnb.
Key Highlights
- Three residences, each with two bedrooms and 2.5 bathrooms, in a 3,948‑square‑foot building
- Six bedrooms and 7.5 bathrooms total; bedrooms have private bathrooms
- Each unit is two stories, with laundry hookups and a fireplace
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
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has a two-story layout, indoor laundry hookups, a fireplace, and a fenced backyard.
Where is this triplex located?
The property is located at 1304 MAGNOLIA Circle 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 residences, each with two bedrooms and 2.5 bathrooms, in a 3,948‑square‑foot building; Six bedrooms and 7.5 bathrooms total; bedrooms have private bathrooms; Each unit is two stories, with laundry hookups and a fireplace
