Brick
New
For Sale
$625,000
2851 COLLEGE Street, Jacksonville, FL 32205
Residential Income, Jacksonville, FL
Property Size2,618 SF
Lot Size0.14 Acres
Price / SF$238.73
Days on Market4
Property Features for 2851 COLLEGE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 3
Parking features
On Street
Exterior features
Courtyard
Fencing
Fenced
Appliances
Dishwasher, Electric Oven, Electric Range, Refrigerator
Subdivision
New Riverside
Lot features
Few Trees, Historic Area
View
City
Elementary school
Central Riverside
Middle school
Lake Shore
High school
Riverside
Directions
From US-17 S sharp right onto McDuff Ave S - take first exit at the traffic circle towards Post ST - turn left onto Cherry St - right onto College St - the property will be to your left
Standard status
Active
APN
0643920000
Size
2,618 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10413
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
on-site laundry facility
Building Details
Year built
1946
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
MOMENTUM REALTY
(904) 903-1558
Listed By:
LUKE MORRIS
(813) 545-5550
Added: Oct 29
Changed: Oct 30
Last Checked: Nov 1 at 1:06PM
MLS# 2171587
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 brick quadplex contains four apartments, each configured with one bedroom and one bathroom. Three units have been updated, while the fourth remains in its original condition. The 2,618-square-foot building also includes an on-site laundry facility and a fenced courtyard. Central electric heating and air conditioning serve the property, which was built in 1946.
The parcel measures 0.14 acres. Public water and sewer serve the site, and street parking is available. The property is located in Jacksonville’s Riverside area.
The parcel measures 0.14 acres. Public water and sewer serve the site, and street parking is available. The property is located in Jacksonville’s Riverside area.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Three units updated; one remains in original condition
- 2,618‑square‑foot brick building constructed in 1946
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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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments include shared laundry and a fenced courtyard.
Where is this quadplex located?
The property is located at 2851 COLLEGE Street 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 apartments, each with one bedroom and one bathroom; Three units updated; one remains in original condition; 2,618‑square‑foot brick building constructed in 1946
