4-Unit Brick
New
For Sale
$625,000
2853 COLLEGE Street, Jacksonville, FL 32205
Residential Income, Jacksonville, FL
Property Size2,618 SF
Lot Size0.15 Acres
Price / SF$238.73
Days on Market4
Property Features for 2853 COLLEGE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
On Street
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Subdivision
New Riverside
Lot features
Historic Area
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
0643910000
Size
2,618 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10413
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1946
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Shingle
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# 2171589
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.
Built in 1946, this brick quadplex contains four apartments, each with one bedroom and one bathroom. Three units have been updated; the fourth remains in original condition. The building includes an on-site laundry facility, and parking is on the street. Central electric heating and air conditioning serve the property. The parcel contains 0.15 acres, and the building measures 2,618 square feet.
Located on College Street in Jacksonville’s Riverside area, the property has public water and sewer service. Appliances include a dishwasher, electric oven and range, microwave, and refrigerator.
Located on College Street in Jacksonville’s Riverside area, the property has public water and sewer service. Appliances include a dishwasher, electric oven and range, microwave, and refrigerator.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Three units updated; one remains in original condition
- 2,618‑square‑foot building on a 0.15‑acre lot
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
1,152
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 - Three apartments have been updated, while the fourth retains its original condition.
Where is this quadplex located?
The property is located at 2853 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 building on a 0.15‑acre lot
