5-Unit Apartment
For Sale
$599,500
2022 Dellwood Ave Unit 1-5, Jacksonville, FL 32204
Historic multifamily property near Riverside’s retail, dining, park, and cultural attractions.
Property Size3,236 SF
Price / SF$185.26
Days on Market186
Property Features for 2022 Dellwood Ave Unit 1-5
General Information
Standard status
Active
Size
3,236 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1922
Listing Agency:
JWB REALTY LLC
Listed By:
NANCY LEHMBECK · License #SL644371
Source:
Jacksonvilleflhomeguide
Added: Apr 15
Changed: Oct 1
Last Checked: Oct 16 at 9:08AM
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 JWB REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1922, this five-unit apartment property at 2022 Dellwood Avenue combines a vintage residential profile with an established multifamily configuration. The building contains 3,236 square feet and is identified as Units 1–5, providing a compact apartment asset in Jacksonville’s Riverside area.
The property is positioned within the Riverside historic district, with nearby access to Five Points retail and dining, Riverside Park, and the Cummer Museum of Art and Gardens. Downtown Jacksonville, Ascension St. Vincent’s Riverside, and local colleges are also identified as nearby employment and institutional destinations.
The property is positioned within the Riverside historic district, with nearby access to Five Points retail and dining, Riverside Park, and the Cummer Museum of Art and Gardens. Downtown Jacksonville, Ascension St. Vincent’s Riverside, and local colleges are also identified as nearby employment and institutional destinations.
Key Highlights
- Five‑unit apartment property identified as Units 1–5
- 3,236‑square‑foot multifamily building
- Constructed in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,941
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,820
$478.8K
Cap Rate 7%
$342,014
$342.0K
Cap Rate 9%
$266,011
$266.0K
Market Conditions
NOI Build-Up for 3,236 SF
Gross rent
$48.2K $14.88/SF
− Vacancy
−$4.6K −$1.43/SF
EGI
$43.5K $13.45/SF
− OpEx
−$19.6K −$6.05/SF
NOI
$23.9K $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%
$478,820
Cap Rate 7%
$342,014
Cap Rate 9%
$266,011
Alternative Uses
Best Use
Apartment 5plus
$342.0K
$299.3K – $399.0K
NOI $23,941 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.5K
$775.7K – $1.03M
NOI $62,054 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property near Riverside’s retail, dining, park, and cultural attractions.
Where is this apartment building located?
The property is located at 2022 Dellwood Ave Unit 1-5 Jacksonville, FL.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Five‑unit apartment property identified as Units 1–5; 3,236‑square‑foot multifamily building; Constructed in 1922
