Triplex with Above-Garage
For Sale
$715,999
2916 POST Street, Jacksonville, FL 32205
MULTI_FAMILY - Jacksonville, FL
Property Size2,931 SF
Lot Size0.14 Acres
Price / SF$244.28
Days on Market50
Property Features for 2916 POST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 3
Parking features
Driveway, Off Street, Garage
Exterior features
Courtyard
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Subdivision
Riverside
Lot features
Historic Area
Elementary school
West Riverside
Middle school
Lake Shore
High school
Riverside
Directions
From I-10 West take Exit 361 for Roosevelt Blvd / US-17 Keep right at the exit. Turn right onto Roosevelt Blvd (US-17 N) Turn right onto Post St Continue on Post. House will be on your right.
Standard status
Active
APN
0646310010
Size
2,931 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9446
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air, Separate Meters, Electric
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Flooring type
Tile
Roof type
Shingle
Listing Agency:
LPT REALTY LLC
(877) 366-2213
Listed By:
LUCIE WELCH
(904) 568-1882
Added: Jun 24
Changed: Aug 12
Last Checked: Aug 12 at 6:06PM
MLS# 2152196
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.
Investment Insights
Based on property information with market context.
Renovated triplex property built in 1926, sitting on a 0.14-acre lot and totaling 2,931 square feet. The home includes a courtyard and features an above-garage ADU of 520 square feet, adding flexibility for rental income, guest space, or a private home office.
The property has been updated from top to bottom with a new roof, updated A/C systems, tankless water heaters, fully rewired electrical with new panels, and updated plumbing. Interior details include tile flooring, central electric heating, and central air with separate meters. Each unit includes laundry hookups, supporting independent day-to-day living.
Parking is available with a driveway and off-street parking, plus a garage. Utilities include public water and public sewer service. Appliances listed include dishwasher, electric range, microwave, and refrigerator.
The property has been updated from top to bottom with a new roof, updated A/C systems, tankless water heaters, fully rewired electrical with new panels, and updated plumbing. Interior details include tile flooring, central electric heating, and central air with separate meters. Each unit includes laundry hookups, supporting independent day-to-day living.
Parking is available with a driveway and off-street parking, plus a garage. Utilities include public water and public sewer service. Appliances listed include dishwasher, electric range, microwave, and refrigerator.
Key Highlights
- 520 sq. ft. above‑garage ADU for added flexibility
- 0.14‑acre lot with courtyard at a 1926‑built triplex
- 2,931 total SF plus independent upstairs/downstairs living
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,521
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,420
$550.4K
Cap Rate 7%
$393,157
$393.2K
Cap Rate 9%
$305,789
$305.8K
Market Conditions
NOI Build-Up for 2,931 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.3K $14.76/SF
− Vacancy
−$3.9K −$1.35/SF
EGI
$39.3K $13.41/SF
− OpEx
−$11.8K −$4.02/SF
NOI
$27.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,420
Cap Rate 7%
$393,157
Cap Rate 9%
$305,789
Alternative Uses
Best Use
Multifamily LT 5
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$309.8K
$271.1K – $361.4K
NOI $21,685 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$802.9K
$702.6K – $936.8K
NOI $56,205 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex with a detached above-garage ADU and courtyard, served by public water and sewer.
Where is this triplex located?
The property is located at 2916 POST Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $715,999.
What are key features of this property?
This property features: 520 sq. ft. above‑garage ADU for added flexibility; 0.14‑acre lot with courtyard at a 1926‑built triplex; 2,931 total SF plus independent upstairs/downstairs living
