Four-Unit Quadplex with Separate
For Sale
$325,000
1567 6th St, Jacksonville, FL 32209
Individually metered water and electric service supports separate utility management for each residence.
Property Size2,725 SF
Price / SF$119.27
Days on Market23
Property Features for 1567 6th St
General Information
Standard status
Active
Size
2,725 SF
Property subtype
Multi-Family
Building Details
Year Built
1919
Listing Agency:
KEYRENTER JACKSONVILLE
Listed By:
BENJAMIN SCHWAB · License #3430110
(561) 889-2308
Source:
Onewinningteam
Added: Aug 11
Changed: Aug 30
Last Checked: Sep 1 at 9:17PM
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 KEYRENTER JACKSONVILLE
Investment Insights
Based on property information with market context.
This four-unit quadplex offers a residential income property configuration with separate water and electric meters serving each unit. The property was built in 1919 and is zoned Multi Family, supporting its established multifamily classification.
Located at 1567 6th Street in Jacksonville, the property is positioned in the Westside area, near local parks, shopping, and public transit. The address places the asset within an established urban residential setting suited to continued multifamily use.
Located at 1567 6th Street in Jacksonville, the property is positioned in the Westside area, near local parks, shopping, and public transit. The address places the asset within an established urban residential setting suited to continued multifamily use.
Key Highlights
- Four‑unit quadplex configuration
- Separate water meters for each unit
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,587
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,740
$511.7K
Cap Rate 7%
$365,529
$365.5K
Cap Rate 9%
$284,300
$284.3K
Market Conditions
NOI Build-Up for 2,725 SF
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.
Gross rent
$40.2K $14.76/SF
− Vacancy
−$3.7K −$1.35/SF
EGI
$36.6K $13.41/SF
− OpEx
−$11.0K −$4.02/SF
NOI
$25.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,740
Cap Rate 7%
$365,529
Cap Rate 9%
$284,300
Alternative Uses
Best Use
Multifamily LT 5
$365.5K
$319.8K – $426.5K
NOI $25,587 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,160 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,255 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Individually metered water and electric service supports separate utility management for each residence.
Where is this quadplex located?
The property is located at 1567 6th St Jacksonville, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Separate water meters for each unit; Separate electric meters for each unit
