Multifamily Property with
For Sale
$340,000
2554 TABERNACLE Place S, Jacksonville, FL 32207
Residential Income, Jacksonville, FL
Property Size2,876 SF
Lot Size1.19 Acres
Price / SF$118.22
Days on Market178
Property Features for 2554 TABERNACLE Place S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 9, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage
Fencing
Fenced, Privacy, Chain Link
Appliances
Electric Range, Refrigerator, Washer
Subdivision
Lawson
Lot features
Cleared
Directions
North Phillips Highway, West on Reba Street, South on Victor Street
Standard status
Active
APN
1472930000
Size
2,876 SF
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2895
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Amenities
garage with workshop
storage building
Building Details
Year built
1953
Number of units
3
Flooring type
Laminate
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
JASON CROWE · License #3460077
(352) 220-2728
Added: May 12
Changed: Nov 3
Last Checked: Nov 5 at 11:06PM
MLS# 2165133
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.
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Investment Insights
Based on property information with market context.
This multifamily property includes 1.19 acres with 2,876 square feet of improvements. The site contains three structures: a house, a double-car garage with a small workshop, and a separate storage building. Two manufactured homes are also present, including one built in 2002 and another dating to the 1970s. Residential features include laminate flooring, central heating and cooling, an electric range, refrigerator, and washer.
The property is zoned IBP (Industrial Business Park) and has 3 power poles, 3 septic systems, and city water through one meter. Parking is available across the lot, while fencing includes privacy and chain-link sections. The existing layout combines residential improvements with accessory structures and provides a substantial site for continued multifamily use or future property changes supported by the zoning and existing improvements.
The property is zoned IBP (Industrial Business Park) and has 3 power poles, 3 septic systems, and city water through one meter. Parking is available across the lot, while fencing includes privacy and chain-link sections. The existing layout combines residential improvements with accessory structures and provides a substantial site for continued multifamily use or future property changes supported by the zoning and existing improvements.
Key Highlights
- 1.19‑acre multifamily property with 2,876 square feet of improvements
- IBP (Industrial Business Park) zoning
- Three structures: house, double‑car garage with workshop, and storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,278
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,560
$425.6K
Cap Rate 7%
$303,971
$304.0K
Cap Rate 9%
$236,422
$236.4K
Market Conditions
NOI Build-Up for 2,876 SF
Gross rent
$42.8K $14.88/SF
− Vacancy
−$4.1K −$1.43/SF
EGI
$38.7K $13.45/SF
− OpEx
−$17.4K −$6.05/SF
NOI
$21.3K $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%
$425,560
Cap Rate 7%
$303,971
Cap Rate 9%
$236,422
Alternative Uses
Best Use
Mixed Use
$542.3K
$474.5K – $632.7K
NOI $37,963 @ 7.0% cap · market cap 11.17%
Second Best
Apartment 5plus
$304.0K
$266.0K – $354.6K
NOI $21,278 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$787.9K
$689.4K – $919.2K
NOI $55,150 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 32207, FL
36,207
Population
18,866
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
11.4 sq mi
ZIP Area
3,176
Density / Sq Mi
$60,875
Median Household Income
$45,478
Median Earnings
$1,139
Median Rent
$254,800
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?
Multifamily property - IBP-zoned property with multiple structures, residential improvements, and utility infrastructure serving the site.
Where is this multifamily property located?
The property is located at 2554 TABERNACLE Place S Jacksonville, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1.19‑acre multifamily property with 2,876 square feet of improvements; IBP (Industrial Business Park) zoning; Three structures: house, double‑car garage with workshop, and storage building
