Leased Single-Family Rental
For Sale
$877,000
2075 ALMIRA Street, Jacksonville, FL 32211
MULTI_FAMILY - Jacksonville, FL
Property Size5,134 SF
Lot Size2.96 Acres
Price / SF$170.82
Days on Market210
Property Features for 2075 ALMIRA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 8, Bathroom 2, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 9, Bathroom 7, Bathroom 5, Bedroom 10, Bedroom 3, Bedroom 4
Parking features
Parking Lot
Subdivision
Eggleston Heights
Lot features
Few Trees
Directions
Heading North on University Blvd from Arlington Expressway , turn right onto Floral Bluff Rd. Property is straight ahead through the gates
Standard status
Active
APN
1173620000
Size
5,134 SF
Lot size
2.96 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
7407
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air, Window Unit(s), Multi Units, Wall/Window Unit(s)
Building Details
Year built
1951
Number of units
5
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
EDUARDO GOLDSTEIN
(904) 717-1779
Added: Jan 14
Changed: Aug 10
Last Checked: Aug 12 at 8:06PM
MLS# 2125060
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale investment opportunity consists of five single-family houses that are currently leased. The property includes nearly 3 acres of land, and prospective buyers are welcome to enter the land to view it while not disturbing the tenants. All units are rented, with total collected per month reported at $6,725.
Water expenses are around $200 per month, and lawn mowing costs are reported at $280 per month. The property is located at 2075 Almira Street in Jacksonville, approximately 3 minutes by car to Jacksonville University.
The portfolio totals 5 rented single-family homes under one ownership, offering an income-producing setup based on current tenant occupancy and the stated monthly collection and operating expense figures.
Water expenses are around $200 per month, and lawn mowing costs are reported at $280 per month. The property is located at 2075 Almira Street in Jacksonville, approximately 3 minutes by car to Jacksonville University.
The portfolio totals 5 rented single-family homes under one ownership, offering an income-producing setup based on current tenant occupancy and the stated monthly collection and operating expense figures.
Key Highlights
- Investment property with 5 single‑family houses, all units currently leased
- Nearly 3 acres of land; viewable by entering the property but tenants should not be disturbed
- Total collected per month: $6,725; water expenses are around $200 per month
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
$37,983
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
4.33%
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%
$759,660
$759.7K
Cap Rate 7%
$542,614
$542.6K
Cap Rate 9%
$422,033
$422.0K
Market Conditions
NOI Build-Up for 5,134 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
$76.4K $14.88/SF
− Vacancy
−$7.3K −$1.43/SF
EGI
$69.1K $13.45/SF
− OpEx
−$31.1K −$6.05/SF
NOI
$38.0K $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 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%
$759,660
Cap Rate 7%
$542,614
Cap Rate 9%
$422,033
Alternative Uses
Best Use
Apartment 5plus
$542.6K
$474.8K – $633.1K
NOI $37,983 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,450 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 32211, FL
34,168
Population
15,250
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,167
Density / Sq Mi
$55,208
Median Household Income
$33,993
Median Earnings
$1,104
Median Rent
$208,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Five single-family homes are currently leased, generating $6,725 monthly collections with estimated monthly water and lawn costs.
Where is this single family property located?
The property is located at 2075 ALMIRA Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $877,000.
What are key features of this property?
This property features: Investment property with 5 single‑family houses, all units currently leased; Nearly 3 acres of land; viewable by entering the property but tenants should not be disturbed; Total collected per month: $6,725; water expenses are around $200 per month
