Riverside Multifamily Investment
1521 McDuff Ave S, Jacksonville, FL 32205
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Four-unit multifamily property in Jacksonville's historic Riverside district.
Type:Multifamily
Property size:
3,670 SFPrice / SF:
$187/SF- Added:
- Jan 29, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1521 McDuff Ave S
General Information
- Standard status
- Active
- Size
- 3,670 SF
- Property subtype
- Multifamily
Listing agent Jena Dennis License #BK3387473
Listing office GREAT EXPECTATIONS REALTY (904) 806-4274
Listing date Jan 29, 2026
Source Crexi
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 GREAT EXPECTATIONS REALTY
HighLights
- Value‑add potential through renovation and repositioning to achieve premium rents.
- Stable in‑place cash flow from four leased units, providing immediate income.
- Located in Riverside's historic district, surrounded by high‑end homes and popular restaurants.
- Zoned RMD‑B, supporting continued multifamily use.
- Functional unit layouts with galley‑style kitchens and modern bathrooms.
- Individually metered electricity for each unit.
Overview
Located in Riverside’s historic district, 1512 McDuff Avenue is a four-unit multifamily investment offering immediate income with meaningful value-add potential. Constructed in 1942, the two-story brick building features four leased units, providing stable in-place cash flow while allowing upside through renovation and repositioning. The property offers approximately 3,670 square feet of effective interior space, including common areas, and is zoned RMD-B, supporting continued multifamily use. Units are between 820 - 862 sq ft approximately. Each unit includes a functional layout with galley-style kitchens and modern bathrooms, along with a mix of wood and carpeted flooring. While the property is well maintained, the highest and best use is to enhance and modernize to better align with the surrounding Riverside market, where upgraded multifamily properties command premium rents. Surrounded by high-end homes, popular restaurants, and established businesses, this asset represents a strong opportunity for investors seeking long-term growth in one of Jacksonville’s most desirable neighborhoods. Leases: Unit 1 - $975 pm, month-to-month Unit 2 - $1,200 pm, month-to-month Unit 3 - $975 pm, month-to-month Unit 4 - $1,050 pm, month-to-month. Electricity is individually metered, water & sewer master-metered. HVAC in unit 1 & 2 replaced in 2020. Condenser and air handler replaced in unit 1 and 4 in 2005. Plumbing re-pipe unit 4 in 1998.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$382.9K
NOI $34,460 @ 9.00% cap · cautious / downside scenario
Moderate
$492.3K
NOI $34,460 @ 7.00% cap · market / base-case scenario
Aggressive
$689.2K
NOI $34,460 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.2k | $14.76 |
| − Vacancy | −$4.9k | −$1.35 |
| EGI | $49.2k | $13.41 |
| − OpEx | −$14.8k | −$4.02 |
| NOI | $34.5k | $9.39 |
3,670 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$492.3K
$430.8K – $574.3K
NOI $34,460 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$387.9K
$339.4K – $452.5K
NOI $27,152 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.01M
$879.7K – $1.17M
NOI $70,376 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.699209
- Latitude
- 30.3047329
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in Jacksonville's historic Riverside district.
Where is this quadplex located?
The property is located at 1521 McDuff Ave S Jacksonville, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Value‑add potential through renovation and repositioning to achieve premium rents.; Stable in‑place cash flow from four leased units, providing immediate income.; Located in Riverside's historic district, surrounded by high‑end homes and popular restaurants.
