4-Unit
For Sale
$410,000
1562 MORGAN Street, Jacksonville, FL 32209
Residential Income, Jacksonville, FL
Property Size2,776 SF
Lot Size0.14 Acres
Price / SF$147.69
Days on Market266
Property Features for 1562 MORGAN Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 4, Bathroom 3
Parking features
Off Street, Parking Lot
Security features
Security System
Subdivision
**verifying Subd**
Lot features
Cleared
Directions
From Edgewood Ave S, turn right onto W Beaver St. Turn left onto Acorn St. Right on Morgan
Standard status
Active
APN
0758720000
Size
2,776 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1414
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
4
Building materials
Concrete
Listing Agency:
KELLER WILLIAMS FIRST COAST REALTY · Keller Williams Realty
(904) 541-0180
Listed By:
ERIC RICE · License #3421048
(904) 229-2619
Added: Jan 14
Changed: Oct 7
Last Checked: Oct 7 at 10:06PM
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.
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
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
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 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
