Multi-Unit Short-Term Rental
For Sale
$600,000
1630 Larue Ave, Jacksonville, FL 32207
The property combines an Airbnb-operated main residence, attached apartment, and detached cottage.
Property Size3,477 SF
Price / SF$172.56
Days on Market94
Property Features for 1630 Larue Ave
General Information
Standard status
Active
Size
3,477 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3bed/2bath, 2 x 2bed/1bath
Multifamily Units
3
Building Details
Year Built
1924
Buildings
2
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed By:
LISA NGUYEN · License #3244961
(904) 755-1911
Source:
Onewinningteam
Added: Jul 16
Changed: Oct 8
Last Checked: Oct 7 at 4:02PM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
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Investment Insights
Based on property information with market context.
Built in 1924, this 3,477-square-foot multi-unit property includes a furnished three-bedroom, two-bath main residence currently operating as an Airbnb, with reservations scheduled for the coming months. An attached two-bedroom, one-bath apartment adds a separate living area, while the detached rear cottage contains 818 square feet with two bedrooms and one bath. The cottage is partially furnished and has been used for short-term rental purposes.
The property is located at 1630 Larue Ave in Jacksonville, one block from San Marco Blvd. It is zoned as a multifamily dwelling, and the interior units have not experienced flooding during hurricane season. The apartment and cottage provide additional configuration options alongside the primary residence.
The property is located at 1630 Larue Ave in Jacksonville, one block from San Marco Blvd. It is zoned as a multifamily dwelling, and the interior units have not experienced flooding during hurricane season. The apartment and cottage provide additional configuration options alongside the primary residence.
Key Highlights
- Three‑bedroom, two‑bath main residence operating as an Airbnb
- Attached two‑bedroom, one‑bath apartment
- Detached 818‑square‑foot cottage with two bedrooms and one bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,724
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,480
$514.5K
Cap Rate 7%
$367,486
$367.5K
Cap Rate 9%
$285,822
$285.8K
Market Conditions
NOI Build-Up for 3,477 SF
Gross rent
$51.7K $14.88/SF
− Vacancy
−$5.0K −$1.43/SF
EGI
$46.8K $13.45/SF
− OpEx
−$21.0K −$6.05/SF
NOI
$25.7K $7.40/SF
Area
Jacksonville, FL
Vacancy
9.60%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,480
Cap Rate 7%
$367,486
Cap Rate 9%
$285,822
Alternative Uses
Best Use
Apartment 5plus
$367.5K
$321.6K – $428.7K
NOI $25,724 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$952.5K
$833.4K – $1.11M
NOI $66,675 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,982
Businesses Nearby
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Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The property combines an Airbnb-operated main residence, attached apartment, and detached cottage.
Where is this short term rental property located?
The property is located at 1630 Larue Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath main residence operating as an Airbnb; Attached two‑bedroom, one‑bath apartment; Detached 818‑square‑foot cottage with two bedrooms and one bath
