Apartment Building with River
For Sale
$1,300,000
2746 Vernon Terrace, Jacksonville, FL 32205
Six one-bedroom residences include shared laundry areas and a dedicated parking lot.
Property Size5,270 SF
Price / SF$246.68
Days on Market325
Property Features for 2746 Vernon Terrace
General Information
Standard status
Active
Size
5,270 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Riverside
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,856
Amenities
laundry areas
river views
Building Details
Building Size
5,270 SF
Year Built
1938
Stories
2
Units
6
Construction
brick
Listing Agency:
SPECTRUM REALTY SERVICES
(904) 389-7311
Listed By:
KATIE L DOYLE
(904) 387-6433
Source:
Ddhomerealty
Added: Dec 11, 2025
Changed: Oct 31
Last Checked: Oct 29 at 7:13PM
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 SPECTRUM REALTY SERVICES
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Investment Insights
Based on property information with market context.
This 5,270-square-foot brick apartment property, built in 1938, contains six one-bedroom units. Updates include a 2021 roof replacement, new bathroom vanities and several newer water heaters. Two laundry areas serve the building, and a dedicated lot provides tenant parking. The property is offered in as-is condition.
Situated on the riverfront within Jacksonville’s Riverside/Avondale Historic District, the building has river views. Tenants are responsible for electric service.
Situated on the riverfront within Jacksonville’s Riverside/Avondale Historic District, the building has river views. Tenants are responsible for electric service.
Key Highlights
- Six one‑bedroom units in a 5,270‑square‑foot brick building
- Riverfront setting with river views in Jacksonville’s Riverside/Avondale Historic District
- Dedicated parking lot and two laundry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,989
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,780
$779.8K
Cap Rate 7%
$556,986
$557.0K
Cap Rate 9%
$433,211
$433.2K
Market Conditions
NOI Build-Up for 5,270 SF
Gross rent
$78.4K $14.88/SF
− Vacancy
−$7.5K −$1.43/SF
EGI
$70.9K $13.45/SF
− OpEx
−$31.9K −$6.05/SF
NOI
$39.0K $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 Rate 5%
$779,780
Cap Rate 7%
$556,986
Cap Rate 9%
$433,211
Alternative Uses
Best Use
Apartment 5plus
$557.0K
$487.4K – $649.8K
NOI $38,989 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,058 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
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Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom residences include shared laundry areas and a dedicated parking lot.
Where is this apartment building located?
The property is located at 2746 Vernon Terrace Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six one‑bedroom units in a 5,270‑square‑foot brick building; Riverfront setting with river views in Jacksonville’s Riverside/Avondale Historic District; Dedicated parking lot and two laundry areas
