Multifamily Income
1867 SAN MARCO Boulevard Jacksonville, FL 32207
For Sale
$765,000
For sale multifamily property with two two-bedroom, one-bath units plus a separate efficiency unit.
Property Size2,948 SF
Price / SF$259.50
Days on Market819
Property Features for 1867 SAN MARCO Boulevard
General Information
- Standard status
- Active
- Size
- 2,948 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1938
Listing Agency:
COMPASS FLORIDA LLC
(305) 851-2820
Listed By:
LISA VERRINO · License #3020278
Source:
Exitrealty
Added: Apr 26, 2024
Changed: Jul 22
Last Checked: Jul 23 at 9:07AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes two two-bedroom, one-bath units and one additional efficiency unit. The two larger units are described as 1,274 square feet each, with the efficiency unit described as 400 square feet.
Located at 1867 SAN MARCO Boulevard in Jacksonville, the property is presented in public remarks as being in the heart of San Marco.
The existing setup offers multiple independent living spaces within a single building, including the two similarly sized two-bedroom units and a smaller efficiency unit.
Located at 1867 SAN MARCO Boulevard in Jacksonville, the property is presented in public remarks as being in the heart of San Marco.
The existing setup offers multiple independent living spaces within a single building, including the two similarly sized two-bedroom units and a smaller efficiency unit.
Key Highlights
- Multifamily property built in 1938
- Two 2‑bedroom, 1‑bath units totaling 1,274 SF
- Additional separate 400 SF efficiency unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $14.76 |
| − Vacancy | −$4.0k | −$1.35 |
| EGI | $39.5k | $13.41 |
| − OpEx | −$11.9k | −$4.02 |
| NOI | $27.7k | $9.39 |
2,948 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.4K
NOI $27,681 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$807.6K
$706.6K – $942.2K
NOI $56,531 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - For sale multifamily property with two two-bedroom, one-bath units plus a separate efficiency unit.
Where is this triplex located?
The property is located at 1867 SAN MARCO Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Multifamily property built in 1938; Two 2‑bedroom, 1‑bath units totaling 1,274 SF; Additional separate 400 SF efficiency unit
