Multifamily Property with
For Sale
$380,000
2554 TABERNACLE Place S, Jacksonville, FL 32207
Flexible multifamily property with grandfathered residential use and industrial business park zoning.
Property Size2,876 SF
Lot Size1.19 Acres
Days on Market22
Property Features for 2554 TABERNACLE Place S
General Information
Standard status
Active
Size
2,876 SF
Lot size
1.19 Acres
Property subtype
Multi Family
Zoning
IBP
Units
Unit Mix
1 x house, 2 x manufactured home
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,895
Building Details
Building Size
2,876 SF
Year Built
1953
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
Listed By:
JASON CROWE · License #3460077
(352) 220-2728
Source:
Bebetterflorida
Added: Sep 16
Changed: Oct 6
Last Checked: Oct 5 at 10:29PM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
This 1.19-acre multifamily property includes 2,876 square feet of improvements, with one house, two manufactured homes, a detached garage with a small workshop, and an additional storage building. The manufactured homes date to 2002 and the 1970s. On-site parking is available across the property.
The parcel is zoned IBP, with multiple uses allowed under the IL designation and grandfathered residential use identified as 0810 Mixed Residential Use. Improvements include three power poles, three septic systems, and public water served through one meter. The property also includes a range of existing structures that may support continued residential occupancy, storage, workshop use, or future redevelopment, subject to applicable requirements.
The parcel is zoned IBP, with multiple uses allowed under the IL designation and grandfathered residential use identified as 0810 Mixed Residential Use. Improvements include three power poles, three septic systems, and public water served through one meter. The property also includes a range of existing structures that may support continued residential occupancy, storage, workshop use, or future redevelopment, subject to applicable requirements.
Key Highlights
- 1.19‑acre multifamily property with 2,876 square feet of improvements
- IBP zoning with multiple uses under the IL designation
- Grandfathered 0810 Mixed Residential Use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,278
Cap Rate
5.60%
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
Apartment 5plus
$304.0K
$266.0K – $354.6K
NOI $21,278 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.9K
$689.4K – $919.2K
NOI $55,150 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible multifamily property with grandfathered residential use and industrial business park zoning.
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 $380,000.
What are key features of this property?
This property features: 1.19‑acre multifamily property with 2,876 square feet of improvements; IBP zoning with multiple uses under the IL designation; Grandfathered 0810 Mixed Residential Use
