Brick
2851 College St, Jacksonville, FL 32205
For Sale
$625,000
Four separate residences share an on-site laundry facility, with street parking available.
Property Size2,618 SF
Price / SF$238.73
Days on Market12
Property Features for 2851 College St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry facility
street parking
Building Details
Year Built
Buildings
Construction
Listing Agency:
MOMENTUM REALTY
Listed By:
LUKE MORRIS · License FL #3135604
(813) 545-5550
Source:
Exitonestop
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 8 at 6:37AM
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 MOMENTUM REALTY
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Investment Insights
Based on property information with market context.
This 2,618-square-foot brick quadplex contains four one-bedroom, one-bathroom apartments. Three units have been updated; the remaining apartment retains its original condition. Residents have access to an on-site laundry facility, and parking is on the street.
The property is located on College Street in Jacksonville’s Riverside area. Another quadplex is available next door.
The property is located on College Street in Jacksonville’s Riverside area. Another quadplex is available next door.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 2,618 square feet
- Three units updated; one remains in original condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,582
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,640
$491.6K
Cap Rate 7%
$351,171
$351.2K
Cap Rate 9%
$273,133
$273.1K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$38.6K $14.76/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$35.1K $13.41/SF
− OpEx
−$10.5K −$4.02/SF
NOI
$24.6K $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%
$491,640
Cap Rate 7%
$351,171
Cap Rate 9%
$273,133
Alternative Uses
Best Use
Multifamily LT 5
$351.2K
$307.3K – $409.7K
NOI $24,582 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$717.2K
$627.5K – $836.7K
NOI $50,203 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,992
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
$257,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Jacksonville, FL
Properties on Market for Quadplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences share an on-site laundry facility, with street parking available.
Where is this quadplex located?
The property is located at 2851 College St Jacksonville, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 2,618 square feet; Three units updated; one remains in original condition
