Quadplex with River
For Sale
Under Contract
$1,550,000
1710 RIVER Road, Jacksonville, FL 32207
MULTI_FAMILY - Jacksonville, FL
Property Size4,740 SF
Lot Size0.20 Acres
Price / SF$327
Days on Market144
Property Features for 1710 RIVER Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3
Parking features
Off Street
Subdivision
San Marco
Lot features
Historic Area
View
River
Directions
From Downtown Jacksonville, take I-95 South to Exit 347 (Emerson St). Turn left onto Emerson St and continue east. Turn right onto Philips Hwy (US-1 South), then take a left onto University Blvd West. Continue and turn right onto River Road. Follow River Road north; the property at 1710 River Road will be on your right.
Standard status
Active Under Contract
APN
0811170020
Size
4,740 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16424
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water front features
River Front, River Access
Water front
1
Building Details
Year built
1938
Number of units
4
Roof type
Shingle
Listing Agency:
SPECTRUM REALTY SERVICES
(904) 389-7311
Listed By:
MARC EL HASSAN
(800) 746-9464
Added: Mar 20
Changed: Aug 3
Last Checked: Aug 10 at 5:06PM
MLS# 2135953
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 quadplex offers four rental units in a single property, built in 1938. The building has central heating and central air conditioning, with a shingle roof and off-street parking. Cable is available to the property.
Set on a 0.2-acre lot with a 4,740 SF building, the home also offers river-front features with river access. It’s positioned near San Marco and the St. Johns River, and is described as minutes from Downtown Jacksonville, San Marco Square, Baptist Medical Center, and major roadways.
The layout includes multiple bedrooms and bathrooms across the units, supporting a straightforward income-producing configuration for either an investor or an owner-occupant.
Set on a 0.2-acre lot with a 4,740 SF building, the home also offers river-front features with river access. It’s positioned near San Marco and the St. Johns River, and is described as minutes from Downtown Jacksonville, San Marco Square, Baptist Medical Center, and major roadways.
The layout includes multiple bedrooms and bathrooms across the units, supporting a straightforward income-producing configuration for either an investor or an owner-occupant.
Key Highlights
- 0.2‑acre lot with 4,740 SF building
- Four‑unit quadplex
- River front and river access
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
Multi-tenant
Tenancy
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 - Four-unit quadplex with river access, central HVAC, off-street parking, and cable available.
Where is this quadplex located?
The property is located at 1710 RIVER Road 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: 0.2‑acre lot with 4,740 SF building; Four‑unit quadplex; River front and river access
