Multifamily Property with
New
For Sale
$350,000
1517 W 14TH ST, Jacksonville, FL 32209
The current group-home use is approved for up to six residents, subject to applicable licensing and local requirements.
Property Size1,864 SF
Days on Market5
Property Features for 1517 W 14TH ST
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$2,505
Amenities
fenced-in area
Building Details
Building Size
1,864 SF
Year Built
1953
Listing Agency:
BROOKS REALTY GROUP LLC
Listed By:
Candice Rollins · License #3342833
(407) 571-9344
Source:
Bebetterflorida
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 9:32PM
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 BROOKS REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This 1,864-square-foot multifamily property was built in 1953 and is currently used as a group home. The use is approved for up to six residents, subject to applicable licensing and local requirements.
A fenced area is included on the property. The garage has been converted into an apartment with upgrades, providing an additional residential space.
A fenced area is included on the property. The garage has been converted into an apartment with upgrades, providing an additional residential space.
Key Highlights
- Current group‑home use approved for up to 6 residents, subject to applicable licensing and local requirements
- 1,864 square feet; built in 1953
- Converted garage apartment with upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,790
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,800
$275.8K
Cap Rate 7%
$197,000
$197.0K
Cap Rate 9%
$153,222
$153.2K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$27.7K $14.88/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$25.1K $13.45/SF
− OpEx
−$11.3K −$6.05/SF
NOI
$13.8K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,800
Cap Rate 7%
$197,000
Cap Rate 9%
$153,222
Alternative Uses
Best Use
Apartment 5plus
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.6K
$446.8K – $595.7K
NOI $35,744 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
425
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
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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?
Multifamily property - The current group-home use is approved for up to six residents, subject to applicable licensing and local requirements.
Where is this multifamily property located?
The property is located at 1517 W 14TH ST Jacksonville, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Current group‑home use approved for up to 6 residents, subject to applicable licensing and local requirements; 1,864 square feet; built in 1953; Converted garage apartment with upgrades
