Quadplex Residential Income
For Sale
$1,550,000
Pending
1710 RIVER Rd, Jacksonville, FL 32207
Quadplex for sale with four rental units near San Marco and the St. Johns River.
Property Size4,740 SF
Days on Market52
Property Features for 1710 RIVER Rd
General Information
Standard status
Pending
Size
4,740 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$16,424
Building Details
Building Size
4,740 SF
Year Built
1938
Units
4
Listed By:
MARC EL HASSAN
Source:
Elliman
Added: Jul 17
Changed: Aug 8
Last Checked: Jul 23 at 5:29AM
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 MARC EL HASSAN
Investment Insights
Based on property information with market context.
This quadplex residential income property offers four individual units in a single building, providing multiple rental streams for an owner-operator or investor. The asset is positioned to support ongoing residential occupancy with four units configured as rental living spaces.
The property is located at 1710 River Rd in Jacksonville, near the San Marco area and the St. Johns River. It is described as being minutes from Downtown Jacksonville, San Marco Square, and Baptist Medical Center, with access to major roadways and nearby dining, shopping, parks, and riverfront attractions.
For-sale availability presents an opportunity to own a four-unit residential income property in a well-known Jacksonville location.
The property is located at 1710 River Rd in Jacksonville, near the San Marco area and the St. Johns River. It is described as being minutes from Downtown Jacksonville, San Marco Square, and Baptist Medical Center, with access to major roadways and nearby dining, shopping, parks, and riverfront attractions.
For-sale availability presents an opportunity to own a four-unit residential income property in a well-known Jacksonville location.
Key Highlights
- Quadplex built in 1938 with four rental units
- Located near San Marco and the St. Johns River in Jacksonville
- Minutes to Downtown Jacksonville, San Marco Square, and Baptist Medical Center
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
$44,507
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
2.87%
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%
$890,140
$890.1K
Cap Rate 7%
$635,814
$635.8K
Cap Rate 9%
$494,522
$494.5K
Market Conditions
NOI Build-Up for 4,740 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
$70.0K $14.76/SF
− Vacancy
−$6.4K −$1.35/SF
EGI
$63.6K $13.41/SF
− OpEx
−$19.1K −$4.02/SF
NOI
$44.5K $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%
$890,140
Cap Rate 7%
$635,814
Cap Rate 9%
$494,522
Alternative Uses
Best Use
Multifamily LT 5
$635.8K
$556.3K – $741.8K
NOI $44,507 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,894 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
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
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 - Quadplex for sale with four rental units near San Marco and the St. Johns River.
Where is this quadplex located?
The property is located at 1710 RIVER Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Quadplex built in 1938 with four rental units; Located near San Marco and the St. Johns River in Jacksonville; Minutes to Downtown Jacksonville, San Marco Square, and Baptist Medical Center
