Renovated 4-Unit
For Sale
$289,900
1349 W 14th Street, Jacksonville, FL 32209
Four vacant two-bedroom units offer leasing flexibility after appliances are installed.
Property Size2,704 SF
Price / SF$107.21
Days on Market71
Property Features for 1349 W 14th Street
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,225
Building Details
Building Size
2,704 SF
Year Built
1960
Buildings
1
Units
4
Listing Agency:
INTEGRITY KEY REALTY LLC
(904) 929-2007
Listed By:
WILLIAM E RAMOS · License #3069116
(904) 929-2007
Source:
Bluekeypro
Added: Jun 8
Changed: Aug 16
Last Checked: Aug 16 at 3:21AM
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 INTEGRITY KEY REALTY LLC
Investment Insights
Based on property information with market context.
This Jacksonville quadplex contains four 2-bedroom, 1-bathroom units totaling 2,704 square feet, with 8 bedrooms and 4 bathrooms overall. The property was built in 1960 and has undergone rehabilitation, including a roof replacement in 2024 and installation of new HVAC systems and water heaters in 2026. Appliances remain to be added, giving the next owner the ability to select the needed finishes. All four units are vacant, simplifying access for showings and supporting occupancy or leasing plans after completion.
Located at 1349 W 14th Street near Downtown Jacksonville, the property provides access to major highways, employment centers, shopping, dining, parks, schools, and public transportation. The sale is strictly as-is, with inspections conducted for the buyer’s information and no seller repairs, credits, or concessions offered.
Located at 1349 W 14th Street near Downtown Jacksonville, the property provides access to major highways, employment centers, shopping, dining, parks, schools, and public transportation. The sale is strictly as-is, with inspections conducted for the buyer’s information and no seller repairs, credits, or concessions offered.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units with 2,704 square feet total
- 8 bedrooms and 4 bathrooms across the quadplex
- New roof installed in 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
$25,390
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
8.76%
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%
$507,800
$507.8K
Cap Rate 7%
$362,714
$362.7K
Cap Rate 9%
$282,111
$282.1K
Market Conditions
NOI Build-Up for 2,704 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
$39.9K $14.76/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$36.3K $13.41/SF
− OpEx
−$10.9K −$4.02/SF
NOI
$25.4K $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%
$507,800
Cap Rate 7%
$362,714
Cap Rate 9%
$282,111
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,390 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,005 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$740.7K
$648.2K – $864.2K
NOI $51,852 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four vacant two-bedroom units offer leasing flexibility after appliances are installed.
Where is this quadplex located?
The property is located at 1349 W 14th Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units with 2,704 square feet total; 8 bedrooms and 4 bathrooms across the quadplex; New roof installed in 2024
