10-Unit Multifamily
For Sale
$900,000
Pending
1731 Flagler Ave, Jacksonville, FL 32207
Two multifamily properties offer a varied one- and two-bedroom unit mix with recent building-system upgrades.
Property Size3,677 SF
Days on Market201
Property Features for 1731 Flagler Ave
General Information
Standard status
Pending
Size
3,677 SF
Property subtype
Multi-Family
Units
Unit Mix
9 x 1BR, 1 x 2BR
Multifamily Units
10
Building Details
Year Built
1948
Listing Agency:
MCADOO MULTIFAMILY ADVISORS LLC
Listed By:
STEVEN MICHAEL MCADOO · License #BK3445628
(904) 574-7400
Source:
Jacksonvilleflhomeguide
Added: Mar 31
Changed: Oct 1
Last Checked: Oct 16 at 9:10AM
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 MCADOO MULTIFAMILY ADVISORS LLC
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Investment Insights
Based on property information with market context.
This multifamily offering combines two apartment properties totaling 10 units. The Flagler Avenue property includes five one-bedroom apartments, while the Riviera Street property has four one-bedroom units and one two-bedroom unit. Each site also includes a detached apartment positioned above five covered parking spaces. The buildings date to 1948 and have received substantial capital improvements involving electrical, plumbing, sewer, and moisture-control systems.
The properties are located at 1731 Flagler Ave and 1037 Riviera Street in San Marco, a historic Jacksonville neighborhood described as walkable and established. The portfolio is minutes from San Marco Square, downtown Jacksonville, the Gateway Jax redevelopment, Baptist Health’s medical campus, and the city’s sports and entertainment venues.
The properties are located at 1731 Flagler Ave and 1037 Riviera Street in San Marco, a historic Jacksonville neighborhood described as walkable and established. The portfolio is minutes from San Marco Square, downtown Jacksonville, the Gateway Jax redevelopment, Baptist Health’s medical campus, and the city’s sports and entertainment venues.
Key Highlights
- 10‑unit portfolio across 1731 Flagler Avenue and 1037 Riviera Street
- Five one‑bedroom units at 1731 Flagler Avenue
- Four one‑bedroom units and one two‑bedroom unit at 1037 Riviera Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,204
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,080
$544.1K
Cap Rate 7%
$388,629
$388.6K
Cap Rate 9%
$302,267
$302.3K
Market Conditions
NOI Build-Up for 3,677 SF
Gross rent
$54.7K $14.88/SF
− Vacancy
−$5.3K −$1.43/SF
EGI
$49.5K $13.45/SF
− OpEx
−$22.3K −$6.05/SF
NOI
$27.2K $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%
$544,080
Cap Rate 7%
$388,629
Cap Rate 9%
$302,267
Alternative Uses
Best Use
Apartment 5plus
$388.6K
$340.1K – $453.4K
NOI $27,204 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.4K – $1.18M
NOI $70,510 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,596
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
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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?
Apartment building - Two multifamily properties offer a varied one- and two-bedroom unit mix with recent building-system upgrades.
Where is this apartment building located?
The property is located at 1731 Flagler Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 10‑unit portfolio across 1731 Flagler Avenue and 1037 Riviera Street; Five one‑bedroom units at 1731 Flagler Avenue; Four one‑bedroom units and one two‑bedroom unit at 1037 Riviera Street
