Four-Unit Apartment
For Sale
$425,000
2-6511 San Juan Ave, Jacksonville, FL 32210
Four two-bedroom units feature two full bathrooms and private laundry closets within a five-building residential community.
Property Size3,034 SF
Price / SF$140.08
Days on Market17
Property Features for 2-6511 San Juan Ave
General Information
Standard status
Active
Size
3,034 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,588
Building Details
Buildings
1
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 910-8084
Listed By:
TOBIN BOSSOLA · License #3164103
(904) 910-8084
Source:
Exprealty
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 21 at 11:39AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This quadplex contains four residential units, each configured with two bedrooms and two full bathrooms. Every unit also includes a dedicated laundry closet. The building provides 3,034 square feet of residential space and is situated within a private community comprising five quadruplex buildings.
The property is located at 2-6511 San Juan Ave in Jacksonville, Florida. Three of the community’s quadruplexes are currently listed, with the buildings offered for separate acquisition or as a group. When acquired together, the ownership arrangement allows one dumpster to serve the properties, while the owner retains some control over water and sewer billing. Interior images represent a vacant unit with a layout similar to the units in this building.
The property is located at 2-6511 San Juan Ave in Jacksonville, Florida. Three of the community’s quadruplexes are currently listed, with the buildings offered for separate acquisition or as a group. When acquired together, the ownership arrangement allows one dumpster to serve the properties, while the owner retains some control over water and sewer billing. Interior images represent a vacant unit with a layout similar to the units in this building.
Key Highlights
- Four‑unit quadplex with 3,034 square feet of residential space
- Each unit offers 2 bedrooms, 2 full bathrooms, and a private laundry closet
- Located within a private community of 5 quadruplex buildings
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
$28,488
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
6.70%
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%
$569,760
$569.8K
Cap Rate 7%
$406,971
$407.0K
Cap Rate 9%
$316,533
$316.5K
Market Conditions
NOI Build-Up for 3,034 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
$44.8K $14.76/SF
− Vacancy
−$4.1K −$1.35/SF
EGI
$40.7K $13.41/SF
− OpEx
−$12.2K −$4.02/SF
NOI
$28.5K $9.39/SF
Area
ZIP 32210
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%
$569,760
Cap Rate 7%
$406,971
Cap Rate 9%
$316,533
Alternative Uses
Best Use
Multifamily LT 5
$407.0K
$356.1K – $474.8K
NOI $28,488 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$320.7K
$280.6K – $374.1K
NOI $22,447 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$831.1K
$727.3K – $969.7K
NOI $58,180 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
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 two-bedroom units feature two full bathrooms and private laundry closets within a five-building residential community.
Where is this quadplex located?
The property is located at 2-6511 San Juan Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,034 square feet of residential space; Each unit offers 2 bedrooms, 2 full bathrooms, and a private laundry closet; Located within a private community of 5 quadruplex buildings
