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    Jacksonville Investment Quadplex For Sale Title is generated by Realmo AI

    2943 THOMAS Street, Jacksonville, FL 32254

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    Pending
    $320,000

    MULTI_FAMILY - Jacksonville, FL

    Property size:
    2,448 SF
    Added:
    Jan 31, 2022
    Days on Market:
    1609
    Last Refresh:
    Jun 28 at 3:06 am

    Property Features for 2943 THOMAS Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 7
    Standard status
    Pending
    APN
    0565880000
    Size
    2,448 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    4

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    DEVON WATKINS

    Listing agent DEVON WATKINS

    Listing office MOMENTUM REALTY 13475 Atlantic Blvd Ste 8 Office S206, Jacksonville, FL

    Listing date Jan 31, 2022

    MLS# 1151605 Listing URL

    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.

    HighLights

    • All four units are currently leased, providing immediate rental income.
    • Each unit has 2 bedrooms and 1 bathroom.
    • Property generates $2650 per month in rental income.
    • Tenants are responsible for their own utilities.
    • 3 separate electrical and water meters.
    • Roof was replaced in 2018.

    Overview

    This multifamily property in Jacksonville, Florida, presents an investment opportunity with all four units currently leased until January 2023. Each unit features 2 bedrooms and 1 bathroom. The property has 3 separate electrical and water meters. The quadplex generates $2650 per month, with tenants responsible for their own utilities. The roof was replaced in 2018. The property size is 2448 square feet. There is potential for future rent increases.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.1k $14.76
    − Vacancy −$3.3k −$1.35
    EGI $32.8k $13.41
    − OpEx −$9.9k −$4.02
    NOI $23.0k $9.39
    2,448 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $328.4K
    $287.3K – $383.1K (±1% cap)
    NOI $22,986 @ 7.0% cap · market cap 7.18%
    Second Best
    Apartment 5plus
    $258.7K
    $226.4K – $301.9K (±1% cap)
    NOI $18,111 @ 7.0% cap · market cap 5.66%
    Theoretical Best
    Office A
    $670.6K
    $586.8K – $782.4K (±1% cap)
    NOI $46,943 @ 7.0% cap · market cap 14.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.703366
    Latitude
    30.326669

    FAQs

    What type of property is this?
    Quadplex - Fully leased quadplex in Jacksonville, generating monthly income.
    Where is this quadplex located?
    The property is located at 2943 THOMAS Street Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: All four units are currently leased, providing immediate rental income.; Each unit has 2 bedrooms and 1 bathroom.; Property generates $2650 per month in rental income.
    More about this property
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