4-Unit
1547 Morgan Street, Jacksonville, FL 32209
For Sale
New
$395,000
Three units are occupied, and updates include flooring, water heaters, air-conditioning systems, and the roof.
Property Size2,776 SF
Price / SF$142.29
Days on Market3
Property Features for 1547 Morgan Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Yes
4
No
8
Other
0.14
Additional Parking,Attached
Building Details
Year Built
Listing Agency:
SUPREME REAL ESTATE PARTNERS, LLC
(904) 337-9435
Listed By:
JASON SCOTT
Source:
Sievarealty
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 9 at 1:57PM
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 SUPREME REAL ESTATE PARTNERS, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,776-square-foot quadplex was built in 1969 and contains four units. Three units are occupied. Two units received fresh paint and vinyl flooring, and two newer water heaters and two newer air-conditioning systems are reported. The roof was replaced in 2020. The property occupies a 0.14-acre site in Jacksonville.
Key Highlights
- Four‑unit property with 2,776 square feet
- Three of four units occupied
- Two units updated with fresh paint and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,066
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,320
$521.3K
Cap Rate 7%
$372,371
$372.4K
Cap Rate 9%
$289,622
$289.6K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$41.0K $14.76/SF
− Vacancy
−$3.7K −$1.35/SF
EGI
$37.2K $13.41/SF
− OpEx
−$11.2K −$4.02/SF
NOI
$26.1K $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 Rate 5%
$521,320
Cap Rate 7%
$372,371
Cap Rate 9%
$289,622
Alternative Uses
Best Use
Multifamily LT 5
$372.4K
$325.8K – $434.4K
NOI $26,066 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$760.5K
$665.4K – $887.2K
NOI $53,233 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
810
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
$92,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Jacksonville, FL
Properties on Market for Quadplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied, and updates include flooring, water heaters, air-conditioning systems, and the roof.
Where is this quadplex located?
The property is located at 1547 Morgan Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit property with 2,776 square feet; Three of four units occupied; Two units updated with fresh paint and vinyl flooring
