Updated 4-Unit
For Sale
$300,000
1956 W 24th Street, Jacksonville, FL 32209
Recent electrical and HVAC work supports the building’s four-unit rental configuration.
Property Size2,652 SF
Price / SF$113.12
Days on Market126
Property Features for 1956 W 24th Street
General Information
Standard status
Active
Size
2,652 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,306
Building Details
Building Size
2,652 SF
Year Built
1961
Units
4
Listing Agency:
DOORVINE REALTY LLC
(904) 999-9243
Listed By:
STACY DARNELL
(904) 234-0425
Source:
Dualstaterealestate
Added: Jun 22
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
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 DOORVINE REALTY LLC
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Investment Insights
Based on property information with market context.
This 2,652-square-foot quadplex, built in 1961, contains four units, three of which are occupied. Building improvements include a full electrical replacement in 2024, an electrical panel upgrade in 2025, and central air conditioning installed in 2025. The roof is approximately 9 years old, and the exterior received paint several years ago.
Located at 1956 W 24th Street in Jacksonville, the property has an existing occupied-unit component alongside its four-unit layout.
Located at 1956 W 24th Street in Jacksonville, the property has an existing occupied-unit component alongside its four-unit layout.
Key Highlights
- Four‑unit property with 3 units currently occupied
- 2,652 square feet; built in 1961
- Full electrical replacement completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,902
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,040
$498.0K
Cap Rate 7%
$355,743
$355.7K
Cap Rate 9%
$276,689
$276.7K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$39.1K $14.76/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$35.6K $13.41/SF
− OpEx
−$10.7K −$4.02/SF
NOI
$24.9K $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 Rate 5%
$498,040
Cap Rate 7%
$355,743
Cap Rate 9%
$276,689
Alternative Uses
Best Use
Multifamily LT 5
$355.7K
$311.3K – $415.0K
NOI $24,902 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$280.3K
$245.3K – $327.0K
NOI $19,620 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,855 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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Business Placement
Demographics for 32209, FL
36,656
Population
17,706
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
82%
High-School Grad
9.3 sq mi
ZIP Area
3,942
Density / Sq Mi
$29,468
Median Household Income
$26,435
Median Earnings
$1,042
Median Rent
$92,300
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?
Quadplex - Recent electrical and HVAC work supports the building’s four-unit rental configuration.
Where is this quadplex located?
The property is located at 1956 W 24th Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit property with 3 units currently occupied; 2,652 square feet; built in 1961; Full electrical replacement completed in 2024
