Two-Building
For Sale
Contact for pricing
1410-1414 Ingleside Avenue Jacksonville, Jacksonville, FL 32205
Four residential units across two separate two-story buildings near the Shops of Avondale.
Property Size2,614 SF
Lot Size0.15 Acres
Price / SF$200.84
Days on Market427
Property Features for 1410-1414 Ingleside Avenue Jacksonville
General Information
Standard status
Active
Size
2,614 SF
Net Rentable
2,614 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x Studio
Multifamily Units
4
Building Details
Year Built
1927
Buildings
2
Stories
2
Units
4
Listing Agency:
Horvath & Tremblay Tampa
Listed By:
Alexander Tripp · License #SL3603373
Source:
Crexi
Added: Jul 1, 2025
Changed: Aug 29
Last Checked: Aug 30 at 4:28PM
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 Horvath & Tremblay Tampa
Investment Insights
Based on property information with market context.
This quadplex comprises two separate two-story buildings with four residential units totaling 2,614 rentable square feet. The front structure contains two two-bedroom, one-bath units, while the rear structure includes two studio units. Built in 1927, the property occupies a 0.15-acre parcel at 1410-1414 Ingleside Avenue in Jacksonville.
The property is located in the Avondale neighborhood near the Shops of Avondale, a district with restaurants, boutiques, and cafes. Roosevelt Boulevard (US-17) provides access toward I-10 and I-95, with Downtown Jacksonville, Riverside Arts Market, Five Points, and St. Vincent’s Medical Center within a short drive. The St. Johns River, parks, and cultural attractions are also nearby.
The property is located in the Avondale neighborhood near the Shops of Avondale, a district with restaurants, boutiques, and cafes. Roosevelt Boulevard (US-17) provides access toward I-10 and I-95, with Downtown Jacksonville, Riverside Arts Market, Five Points, and St. Vincent’s Medical Center within a short drive. The St. Johns River, parks, and cultural attractions are also nearby.
Key Highlights
- Four‑unit quadplex with two separate two‑story buildings
- Unit mix includes two 2‑Bedroom/1‑Bath units and two Studio units
- 2,614 rentable square feet on a 0.15‑acre parcel
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
$24,545
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
4.68%
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%
$490,900
$490.9K
Cap Rate 7%
$350,643
$350.6K
Cap Rate 9%
$272,722
$272.7K
Market Conditions
NOI Build-Up for 2,614 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
$38.6K $14.76/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$35.1K $13.41/SF
− OpEx
−$10.5K −$4.02/SF
NOI
$24.5K $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%
$490,900
Cap Rate 7%
$350,643
Cap Rate 9%
$272,722
Alternative Uses
Best Use
Multifamily LT 5
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,339 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$716.1K
$626.6K – $835.4K
NOI $50,126 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
560
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
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 residential units across two separate two-story buildings near the Shops of Avondale.
Where is this quadplex located?
The property is located at 1410-1414 Ingleside Avenue Jacksonville Jacksonville, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit quadplex with two separate two‑story buildings; Unit mix includes two 2‑Bedroom/1‑Bath units and two Studio units; 2,614 rentable square feet on a 0.15‑acre parcel
