Renovated Triplex with
For Sale
$624,990
2781/2783 COLLEGE Street, Jacksonville, FL 32205
Three residences include leased duplex units and a newly renovated rear dwelling with separate access and parking.
Property Size2,463 SF
Days on Market55
Property Features for 2781/2783 COLLEGE Street
General Information
Standard status
Active
Size
2,463 SF
Property subtype
Triplex
Site & Location
Neighborhood
Lackawanna
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,676
Building Details
Building Size
2,463 SF
Year Built
1915
Listing Agency:
KELLER WILLIAMS ST JOHNS
Listed By:
JORDAN MAY · License #3378585
(904) 651-6548
Source:
Houseandhavenrealty
Added: Aug 30
Changed: Oct 22
Last Checked: Oct 21 at 4:20AM
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 KELLER WILLIAMS ST JOHNS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1915 triplex includes a front duplex and a separate rear ADU. The duplex has one 1-bedroom, 1-bath residence on the ground floor and one 2-bedroom, 1-bath residence upstairs; both are currently leased. The rear dwelling is vacant following a recent renovation and has separate access, rear road access, and parking.
Interior improvements across the residences include luxury vinyl plank flooring, updated kitchens with stainless steel appliances and quartz countertops, and new water heaters. The property also has a newer architectural shingle roof, new HVAC systems throughout, and a transferable termite bond.
The property is located in Jacksonville’s Riverside area near the King Street, Park Street, and Post Street corridors, with restaurants, bars, coffee shops, boutiques, and entertainment nearby. The three-residence configuration supports occupancy of one unit while leasing the others or leasing all residences.
Interior improvements across the residences include luxury vinyl plank flooring, updated kitchens with stainless steel appliances and quartz countertops, and new water heaters. The property also has a newer architectural shingle roof, new HVAC systems throughout, and a transferable termite bond.
The property is located in Jacksonville’s Riverside area near the King Street, Park Street, and Post Street corridors, with restaurants, bars, coffee shops, boutiques, and entertainment nearby. The three-residence configuration supports occupancy of one unit while leasing the others or leasing all residences.
Key Highlights
- Three‑residence triplex with a front duplex and separate rear ADU
- Front duplex includes 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units; both are leased
- Rear ADU is newly renovated, vacant, and has separate access with rear road access and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,127
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,540
$462.5K
Cap Rate 7%
$330,386
$330.4K
Cap Rate 9%
$256,967
$257.0K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$36.4K $14.76/SF
− Vacancy
−$3.3K −$1.35/SF
EGI
$33.0K $13.41/SF
− OpEx
−$9.9K −$4.02/SF
NOI
$23.1K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,540
Cap Rate 7%
$330,386
Cap Rate 9%
$256,967
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,127 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,222 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$674.7K
$590.4K – $787.2K
NOI $47,230 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,992
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include leased duplex units and a newly renovated rear dwelling with separate access and parking.
Where is this triplex located?
The property is located at 2781/2783 COLLEGE Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $624,990.
What are key features of this property?
This property features: Three‑residence triplex with a front duplex and separate rear ADU; Front duplex includes 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units; both are leased; Rear ADU is newly renovated, vacant, and has separate access with rear road access and parking
