4-Unit
1562 MORGAN Street, Jacksonville, FL 32209
For Sale
$410,000
Residential Income, Jacksonville, FL
Property Size2,776 SF
Lot Size0.14 Acres
Price / SF$147.69
Days on Market302
Property Features for 1562 MORGAN Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
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Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY · Keller Williams Realty
(904) 541-0180
Listed By:
ERIC RICE · License FL #3421048
(904) 229-2619
Added: Jan 14
Changed: Oct 27
Last Checked: Nov 11 at 12:06AM
MLS# 2125138
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit property contains 2,776 square feet across a 0.14-acre parcel. Built in 1971, the building has concrete construction and window-unit cooling. Off-street parking is provided in a parking lot, and the property is served by public water and sewer.
Key Highlights
- Four‑unit property with 2,776 square feet of building area
- 0.14‑acre parcel
- Built in 1971 with concrete construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,066
Cap Rate
6.36%
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 6.36%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$760.5K
$665.4K – $887.2K
NOI $53,233 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
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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
$92,300
Median Home Value
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Market
Average Price Trend$/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 - Four separate residences are served by off-street parking.
Where is this quadplex located?
The property is located at 1562 MORGAN Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four‑unit property with 2,776 square feet of building area; 0.14‑acre parcel; Built in 1971 with concrete construction
