Four-Unit Quadplex with Separate
For Sale
$300,000
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$110.09
Days on Market68
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: Oct 4
Last Checked: Oct 7 at 2:03PM
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
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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 / Yr
$25,587
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
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
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 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 8.53%
Second Best
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,160 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,255 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 $300,000.
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
